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Many of us have encountered variations of the following scenario: a parent owns and operates a business; one or more of their children are employed in the business; as the children...
Reabold Resources has announced that, further to the Company's announcement of 9 May 2023 regarding its initial investment in LNEnergy, and subsequent announcement of 1 June 2023 regarding the extension of the expiry date of the First Option and Shareholder Option, Reabold and LNEnergy have verbally agreed to extend the expiry date of the First Option and Shareholder Option to 11 June 2023.
Reabold Resources has announced that, further to the Company's announcement of 9 May 2023 regarding its initial investment in LNEnergy, Reabold and LNEnergy have agreed to extend the expiry date of the First Option and Shareholder Option by one week to 7 June 2023.
Reabold Resources has entered into a conditional subscription and option agreement with LNEnergy. LNEnergy's primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region. With 65Bcf of 2P reserves, as estimated by RPS, this is a highly material undeveloped onshore gas resource which is development ready with no additional drilling required. First gas is targeted for early 2025.