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An announcement from Reabold Resources ( (GB:RBD) ) is now available.
Reabold Resources announced an extension of the option period for LNEnergy’s acquisition of a stake in the Colle Santo gas project, a key European energy security asset. The extension allows LNEnergy until April 2025 to acquire an additional 80% interest in the project, which boasts significant gas reserves and potential revenue generation, impacting Reabold’s strategic positioning in the energy market.
More about Reabold Resources
Reabold Resources plc is an investment-focused company with a diversified portfolio in the oil and gas sector. The company targets low-risk projects with significant valuation potential and a clear monetization strategy. Their approach is exemplified by the sale of the undeveloped Victory gas field to Shell, with proceeds being returned to shareholders and reinvested into growth initiatives.
YTD Price Performance: -10.0%
Average Trading Volume: 37,829,453
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £5.1M
Learn more about RBD stock on TipRanks’ Stock Analysis page.