Business
Strategic Investment in LNEnergy Limited
Beacon Energy PLC announced a strategic investment in LNEnergy Limited through a conditional share purchase agreement. The company will acquire up to 100% of the shares in a special purpose vehicle holding approximately 48% of LNEnergy. The initial acquisition will be 49% of the shares, with the balance acquired upon certain conditions. The Colle Santo project, a gas field with 2P reserves of 65 BCF, has an assessed NPV10 valuation of approximately €50 million. Beacon Energy intends to raise approximately £3.5 million via a placing to finance the project through FID and towards first production. Reabold will receive new shares equal to approximately 29% of Beacon's enlarged share capital and a contingent consideration capped at €16.17 million. Disclaimer*
About this update from Beacon Energy Plc
[{"type":"text","content":"\n\n7 October 2025\n \nBeacon Energy plc\n(\"Beacon Energy\" or the \"Company\")\n \nStrategic Investment in LNEnergy Limited\n \nBeacon Energy plc (AIM: BCE), is pleased to announce that the Company has entered into a binding, conditional share purchase agreement (the \"SPA\") with Reabold Resources plc (\"Reabold\") in relation to a significant strategic investment in LNEnergy Limited (\"LNEnergy\"), (the \"Proposed Transaction\").\nThis Proposed Transaction is considered by the Board of Beacon Energy (the \"Board\") to represent a transformational, value enhancing transaction for shareholders, which is fully aligned with Beacon Energy's growth strategy.\nKey Highlights of the Proposed Transaction and the Colle Santo Project\n· Material gas asset: The Colle Santo project, located onshore Italy in the Abruzzo region, is a material and substantially de-risked development ready gas field (subject to final regulatory consent), incorporating a material and fully appraised 2P reserve base of 65 BCF (equivalent to approximately 11 mmboe)\n· Clear development pathway: A near-term active work programme designed to achieve Final Investment Decision (\"FID\") in mid-2026 and first gas in H2 2027\n· Experienced development team: LNEnergy and its major contractor, Italfluid, bring a proven track record of development and production operations coupled with a strong HSE record and a firm commitment to environmentally responsible hydrocarbon production\n· Attractive Economics: The Board considers the project to be commercially and economically attractive, with an assessed NPV10 valuation of approximately €50 million from the development and production of the 2P reserve base\n· Advanced Financing Plan: A highly credible financing plan is in place with non-binding funding agreements with Italfluid (major contractor) and Gunvor (offtaker)\n· Strategic Regional Entry: This Proposed Transaction marks Beacon Energy's entry into a region with significant potential for growth, where the Company believes a substantial business can be built\nBeacon Energy will be seeking to carry out a placing to new and existing investors (\"Placing\") to raise ...