An announcement from Reabold Resources ( (GB:RBD) ) is now available.
Reabold Resources has announced that LN Energy Ltd has entered into a binding agreement to acquire the entire share capital of LNEnergy S.r.l, which holds a significant interest in the Colle Santo gas field in Italy. This development is part of Reabold’s strategic focus on enhancing European energy security through strategic gas projects. The acquisition agreement involves several financial considerations contingent on regulatory approvals, and the company is optimistic about receiving the necessary approvals from the VIA Commission, which recently conducted a site visit. The Colle Santo project is seen as crucial for Italy’s energy transition, with its potential to contribute to energy security and transition efforts in the region.
More about Reabold Resources
Reabold Resources plc is a company with a diversified portfolio of exploration, appraisal, and development oil and gas projects. The company focuses on investing in low-risk, near-term projects with significant valuation uplift potential and a clear monetization plan, aiming to return proceeds to shareholders and reinvest in further growth projects.
Average Trading Volume: 18,464,177
Technical Sentiment Signal: Buy
Current Market Cap: £5.1M
Learn more about RBD stock on TipRanks’ Stock Analysis page.