Reabold Resources, the investing company focused on developing strategic gas projects for European energy security, has announced its audited financial results for the year ended 31 December 2025 and the Annual Report is publicly available at https://reabold.com/presentations.
2025 Highlights
Rathlin Energy (UK) Limited ('Rathlin') and West Newton - PEDL 183
- Reabold increased its interest in West Newton via the acquisition of 20.4% of the shares in Rathlin from Connaught Oil & Gas Limited for a total cash consideration of £700,000. Reabold's total shareholding in Rathlin now stands at 79.8%, and its economic interest in West Newton stands at 69.9%.
- In August 2025, Reabold announced the potential use of gas produced from the existing wells at West Newton to generate on-site electricity and power crypto mining activities, and that it had entered into a non-binding Letter of Intent ("LOI") with 360 Energy, Inc. to scope and design a potential bitcoin mining solution at West Newton, subject to regulatory and third-party approvals.
- In March 2025, Paul Harris, former CEO of NEO Energy, was appointed to the Board of Rathlin.
LNEnergy - Colle Santo gas field, Italy
- In August 2025, LNEnergy's Small Scale-LNG development plan in Colle Santo, Italy, was granted a positive opinion by the Independent Environmental Impact Assessment ("EIA") Commission of the Italian Ministry for the Environment and Energy Security - a significant milestone towards the final EIA Ministerial Decree and the award of the Natural Gas Production Concession.
- In March 2025, LNEnergy Limited ("LNEnergy") acquired the entire outstanding issued share capital of LNEnergy S.r.l. LNEnergy S.r.l is the Italian company that has a 90% interest in the Colle Santo gas field in the Abruzzo region of Italy, a highly material gas resource with an estimated 65Bcf of 2P reserves(1).
(1) RPS estimate, September 2022
- During the year, Reabold increased its interest in LNEnergy from 29.2% to 47.6%.
- In October 2025, Reabold announced it had entered into an agreement with Beacon Energy plc ("Beacon") in which Reabold will sell its total interest in LNEnergy to Beacon in exchange for new shares in Beacon and a €16 million earn out pursuant to which Reabold will receive 25% of its pro rata share of the net cash flow from the Colle Santo project once on production. The first stage of the transaction completed in March 2026. See Review of Operations on page 7 for more detail.
KryptoByte
- In 2025, Reabold launched KryptoByte Ltd, a wholly owned subsidiary of Reabold Resources plc. KryptoByte aims to take stranded natural gas and use it to power Bitcoin mining and potentially data centres. KryptoByte would be able to purchase gas at discounted prices to power Bitcoin mining operations, offering a compelling economic advantage. KryptoByte would co-locate power generation at the well-site avoiding costly and lengthy waiting times to connect to the grid. KryptoByte would aim to roll out its business model to a number of locations, and sees further opportunities to establish data centres at locations across the UK, Europe and globally.
Other business and Corporate
- Post year-end, in April 2026, Reabold raised £4.2 million through the issue of 4,231,800,000 new ordinary shares. The net proceeds of the Fundraise will be used to progress the key West Newton project, including the funding of both Reabold and Rathlin's shares of the recompletion of the A-2 well, expected to take place in the coming months. In addition, participants in the fundraise received 1.25 warrants for each New Ordinary Share, each with a right to convert to one new ordinary share at an exercise price of 0.11 pence per share (£1.10 per share following the share consolidation in May 2026). This mechanism is intended to provide the Company with access to additional capital, in the event of a successful A-2 recompletion, and to move into early production as soon as possible.
Source: Reabold Resources
