Reabold Resources (GB:RBD) has released an update.
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Reabold Resources PLC has announced positive full-year results for 2023, highlighting the strategic acquisition of a significant stake in LNEnergy and the successful sale of the Victory gas project to Shell. The company boasts a strong balance sheet, with net assets of £42.2 million and cash reserves bolstered by the recent sale, enabling further investments and shareholder returns. Reabold’s focus on European energy security through strategic gas project development has been reinforced with a promising feasibility study at West Newton and a new agreement for LNG sales from the Italian Colle Santo gas field.
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