LONDON: Beacon Energy plc (AIM: BCE) said Tuesday it has signed a binding, conditional share purchase agreement with Reabold Resources plc to acquire a significant stake in LNEnergy Limited, marking a strategic entry into Italy’s onshore gas sector. The proposed transaction, classified as a reverse takeover under AIM rules, will give Beacon Energy up…
LONDON, UK: Union Jack Oil plc, a UK-based company that produces, develops and explores onshore hydrocarbons, has announced that it has acquired a 3.22% stake in Beacon Energy plc, a full cycle oil and gas company with a portfolio of onshore German assets. The deal, which was completed following Beacon’s recent fundraise, gives Union…