Reabold Resources "delighted to get involved" with Italian gas project
July 05, 2023 at 10:20 am
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Reabold Resources PLC (AIM:RBD) co-CEOs Sachin Oza and Stephen Williams visit Proactive's London studio to speak with Thomas Warner about their decision to invest in LNEnergy. LNEnergy's primary asset is an exclusive option over a 90% interest in the onshore Colle Santo gas field in Abruzzo, Italy. The co-CEOs reveal that they had previously rejected the idea of getting involved in Colle Santo because the development plan in place at the time was unlikely to be acceptable to Italian regulators. They believe changes to the development plan as well as changes to the political and environmental outlook mean that the project now stands a much higher chance of moving forward. Oza says that Colle Santo "is a ready-to-go kind of project" that Reabold is "delighted to get involved with" and Williams highlights growing demand for LNG in Italy as a transitional source of energy.
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Reabold Resources Plc is a United Kingdom-based oil and gas investing company with a diversified portfolio of exploration, appraisal, and development projects. The Companyâs segments include Onshore UK, Offshore UK and International. The Onshore UK segment comprises its investment in Rathlin (UK) Energy Limited (Rathlin) and its 16.67% direct interest in PEDL183. The Offshore UK segment comprises its interest in the United Kingdom North Sea licenses. The International segment comprises its investments in Danube Petroleum Ltd, Daybreak Oil & Gas Inc., and LNEnergy Ltd. It holds a portfolio of exploration, appraisal, and development assets, with interests in countries, including the United Kingdom, Romania, the United States, and Italy. The Company is license administrator for three exploration and appraisal licenses in the United Kingdom Northern and Central North Sea. The Company also holds several interests in the emerging Zechstein play.
REABOLD RESOURCES PLC 
