Reabold Resources Increases Stake in LNEnergy, Enhancing Gas Project Prospects
By
Fiona Craig
PUBLISHED:
May 08 2025 @ 03:17
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Reabold Resources plc (LSE:RBD) has increased its investment in LNEnergy Limited by converting £500,000 of convertible loan notes into shares, raising its stake to around 45.1% of LNE’s share capital. This strategic move strengthens Reabold’s position in the gas projects sector, particularly through LNE’s involvement in the Colle Santo gas field in Italy, which contains significant reserves and strong cash flow potential. The increased stake enhances Reabold’s growth prospects and positions the company to generate greater stakeholder value as it develops its gas assets.
About Reabold Resources
Reabold Resources plc is an investment company with a diversified portfolio of exploration, appraisal, and development projects in the oil and gas industry. The company targets low-risk, near-term projects that offer substantial potential for valuation growth and clear monetization opportunities, with a focus on returning value to shareholders and reinvesting in new growth avenues.
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Average Daily Trading Volume: 20,669,955 shares
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Technical Sentiment Indicator: Sell
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Market Capitalization: £4.74 million
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