Reabold’s latest update on LNEnergy’s Italian gas development opportunity confirms the project is moving forward at pace and has the support of the regional government. A two-year early production programme is planned, converting gas to power for the grid and allowing early revenue generation ahead of full field development. Reabold currently owns 16% of LNEnergy and retains an option, expiring at the end of November, to raise its stake to 25%.

05 Sep 2023
Reabold Resources - Colle Santo gas development moving forward

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Reabold Resources - Colle Santo gas development moving forward
Reabold Resources plc (RBD:LON) | 0.0 0 0.0% | Mkt Cap: 4.64m
- Published:
05 Sep 2023 -
Author:
Jonathan Wright -
Pages:
4 -
Reabold’s latest update on LNEnergy’s Italian gas development opportunity confirms the project is moving forward at pace and has the support of the regional government. A two-year early production programme is planned, converting gas to power for the grid and allowing early revenue generation ahead of full field development. Reabold currently owns 16% of LNEnergy and retains an option, expiring at the end of November, to raise its stake to 25%.