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Reabold Resources ( (GB:RBD) ) just unveiled an update.
Reabold Resources plc has increased its stake in LNEnergy Limited by 1.2% through a rights issue, bringing its total shareholding to approximately 47.4%. LNEnergy, through its subsidiary, holds a significant interest in the Colle Santo gas field in Italy. Additionally, Reabold has entered into an agreement with Beacon Energy PLC to sell its interest in LNEnergy, with the first phase of the acquisition expected to complete in November 2025. This move is part of Reabold’s strategy to focus on strategic gas projects for European energy security.
More about Reabold Resources
Reabold Resources plc is an investing company with a diversified portfolio of exploration, appraisal, and development oil and gas projects. The company focuses on low-risk, near-term projects with significant valuation uplift potential and a clear monetisation plan. Reabold aims to return proceeds to shareholders and reinvest in further growth projects, as demonstrated by the recent sale of the undeveloped Victory gas field to Shell.
Average Trading Volume: 32,103,621
Technical Sentiment Signal: Buy
Current Market Cap: £6.37M
For detailed information about RBD stock, go to TipRanks’ Stock Analysis page.