LONDON, UK: Reabold Resources, the oil and gas investing company, has entered into a conditional subscription and option agreement with LNEnergy to acquire an initial 3.1% interest in the firm for £250,000. The deal also includes options for Reabold to purchase further shares that would increase its stake in LNEnergy to 25% for a total consideration of £3.8m.

LNEnergy’s primary asset is an option over a 90% interest in the Colle Santo gas field in Italy, which is development-ready with first gas expected in early 2025. The move aligns with Reabold’s strategy of investing in high-quality pre-cash flow projects that can deliver material returns to shareholders.

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