IN BRIEF: Reabold Resources raises LNEnergy stake to 18%

Tue, 12th Sep 2023 13:58

Reabold Resources PLC - Oil and gas company with projects in the UK, US and Romania - Ups interest in LNEnergy Ltd by a further 1.6% through the subscription of 18 new shares for a cash consideration of GBP250,000 at GBP13,889 per share. This brings its total shareholding in LNEnergy to around 18%. LNEnergy's primary asset is the Colle Santo gas oil field in Italy.

Current stock price: 0.093 pence, down 2.2%

12-month change: down 81%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Related Shares

More News

2 May 2024 11:10

EARNINGS AND TRADING: Smiths News ups dividend; NAHL profit rises

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately report...

2 May 2024 10:48

AIM WINNERS & LOSERS: Surface Transforms sinks on discount placing

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

27 Feb 2024 10:20

Reabold "well positioned" after selling Victory project to Shell

(Alliance News) - Reabold Resources PLC on Tuesday announced the GBP32 million sale of the Victory gas project to Shell UK Ltd.

19 Jan 2024 11:05

Scirocco celebrates final payment from Shell for Corallian sale

(Alliance News) - Scirocco Energy PLC on Friday said it was "pleased" to hear Reabold Resources PLC will receive a final payment from Shell UK Ltd, ad...

18 Jan 2024 13:49

IN BRIEF: Reabold to get final payment from Shell in coming days

Reabold Resources PLC- London-based investor in "low-risk, near-term" oil and gas projects says the final tranche of payment from Shell UK Ltd in rela...