REABOLD RESOURCES PLC — M&A Activity 2023

Jun 8, 2023

National Storage Mechanism | Additional information

RNS Number : 0881C

Reabold Resources PLC

08 June 2023

8 June 2023

Reabold Resources plc

("Reabold" or the "Company")

Investment in LNEnergy Update

Reabold Resources plc, the oil & gas investing company with a diversified portfolio of exploration, appraisal and development projects, announces that, further to the Company's announcement of 9 May 2023 regarding its initial investment in LNEnergy, and subsequent announcement of 1 June 2023 regarding the extension of the expiry date of the First Option and Shareholder Option, Reabold and LNEnergy have verbally agreed to extend the expiry date of the First Option and Shareholder Option to 11 June 2023. The formal extension agreement for such options is in the process of being signed and a further announcement will be made shortly.

Capitalised terms used in this announcement have the same meanings as ascribed to them in the Company's announcement of 9 May 2023 entitled "Investment in LNEnergy".

For further information, contact: Reabold Resources plc Sachin Oza Stephen Williams	c/o Camarco +44 (0) 20 3757 4980
Strand Hanson Limited - Nominated & Financial Adviser James Spinney James Dance Rob Patrick Stifel Nicolaus Europe Limited - Joint Broker Callum Stewart Simon Mensley Ashton Clanfield finnCap Ltd - Joint Broker Christopher Raggett Barney Hayward	+44 (0) 20 7409 3494 +44 (0) 20 7710 7600 +44 (0) 20 7220 0500
Camarco Billy Clegg Rebecca Waterworth	+44 (0) 20 3757 4980

Notes to Editors

Reabold Resources plc has a diversified portfolio of exploration, appraisal and development oil & gas projects. Reabold's strategy is to invest in low-risk, near-term projects which it considers to have significant valuation uplift potential, with a clear monetisation plan, where receipt of such proceeds will be returned to shareholders and re-invested into further growth projects. This strategy is illustrated by the recent sale of the undeveloped Victory gas field to Shell, the proceeds of which are being returned to shareholders and re-invested.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCGLGDLRXGDGXI