Beacon Energy has announced the completion of the proposed acquisition of a significant strategic investment in LNEnergy and the Company's re-admission to trading on AIM. 

At Admission, Beacon Energy will complete the acquisition of an indirect interest of approx. 24 per cent in LNEnergy. Subject to the award of the Production Concession for the Colle Santo Asset (by LNEnergy Srl, a 100 per cent owned subsidiary of LNEnergy), Beacon Energy will acquire a further indirect interest of approximately 24 per cent in LNEnergy, taking the Company's indirect interest to approximately 48 per cent in LNEnergy (equivalent to a 43.2 per cent indirect interest in the Colle Santo Asset). Reabold Resources, through its shareholding in Beacon Energy, will remain the largest ultimate beneficial owner of the Colle Santo Asset.

The Admission Document was published on 17 February 2026 and is available on the Company's website https://beaconenergyplc.com/

Highlights of the Acquisition:

Offtake and financing arrangements

In addition, the Company is pleased to announce that LNEnergy Srl has entered into an offtake and financing arrangement with a leading Italian based wholesaler and distributer of energy products (th 'Offtake Agreement').

Under the terms of the Offtake Agreement, LNEnergy Srl has secured additional capital to be used to fund project costs, including well service and well integrity test, prior to FID.

Stewart MacDonald, Chief Executive Officer of Beacon Energy, commented:

'Completion of our strategic investment in LNEnergy marks a transformative step for Beacon, providing the Company exposure to a material European gas development with proven reserves, a clear pathway to production and a strong pipeline of value catalysts over the next 18 months.'

The Board considers the Colle Santo Asset to be commercially and economically attractive. On a 100 per cent working interest basis, RPS calculated a post-tax NPV(10) for the Proved plus Probable (2P) reserves of €61.7 million and based on a 48 per cent shareholding in LNEnergy (43.2 per cent economic interest basis), a post-tax NPV(10) of €26.6 million.

The signing of the offtake and financing agreement further validates the quality of the Colle Santo project and its interest to industry investors.

We look forward to updating Shareholders and the market as we progress the Colle Santo project over the coming months.'

Original announcement link

Source: Beacon Energy