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Reabold Resources PLC - London-based oil and gas company with projects in the UK, US and Romania - Extends investment expiry date with LNEnergy Ltd by one week to June 7. Last month, Reabold agreed to buy a 3.1% shareholding in LNEnergy for a cash consideration of £250,000. The deal includes options to acquire further shares in LNEnergy which would result in Reabold holding a 25% stake in the company for £3.8 million in cash and shares. LNEnergy’s primary asset is an option over a 90% interest in the Colle Santo gas field, onshore Italy in the Abruzzo region.
Current stock price: 0.14 pence, down 0.6% on Thursday
12-month change: 58%
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