Reabold Resources (GB:RBD) has released an update.
Reabold Resources has increased its stake in LNEnergy Limited by 1.0% for £205,000, taking its share to 27.1% with an option to further increase to 30.6% via a warrant. LNEnergy, managing a significant gas field in Italy with 65Bcf reserves, is positioned to enhance Italy’s energy security and generate substantial cash flow. Reabold’s Co-CEO expresses confidence in the project’s progression and its strategic value to both Italy and the company’s portfolio.
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