Reabold Resources "delighted to get involved" with Italian gas project | News Direct

Reabold Resources "delighted to get involved" with Italian gas project

Reabold Resources PLC
News release by Reabold Resources PLC

facebook icon linkedin icon twitter icon pinterest icon email icon London, UK | July 05, 2023 05:18 AM Eastern Daylight Time


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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Natural ResourcesEnergyGasOnshoreTransitional Energy