Summary

• Reabold, an upstream oil and gas projects investor, is all set to turn the corner with its successful strategy of investing in low-risk oil and gas projects with high potential upside.
• The company’s focus is investing in projects meeting its stringent, desired requirements and in particular, those which are de-risked from a technical perspective.
• The company is run by an efficient and experienced management team, who have built substantial intrinsic value in the company’s portfolio in a short span of time.

Reabold Resources Plc (LON: RBD), an upstream oil and gas projects investor, is all set to turn the corner with its successful strategy of investing in low-risk oil and gas projects with high potential upside value. The company has invested in four distinct project areas spread across the UK, Romania, and California (US).

The company’s focus is investing in projects meeting its stringent criteria and in particular, those which are de-risked from a technical perspective. The company’s strategy offers investors exposure to the appraisal and development part of the value chain of an upstream oil & gas project rather than early-stage exploration, which involves considerably greater risk.

Reabold Resources is progressing its West Newton project, which could be the largest UK onshore discovery since 1973 based on the very successful drilling results to date, towards development and potential monetisation. The company has recently reported the commencement of the flow test programme at the B-1Z and A-2 wells at the West Newton field.

The company, with no debt on its balance sheet, is steadily delivering on its strategy and is making its mark in the upstream oil & gas space with its differentiated approach and disciplined, returns focused investment philosophy. The company is run by an efficient and experienced management team leading it to build a portfolio with substantial intrinsic value in a short period of time. Let’s meet the team:

Sachin Oza (Co-Chief Executive)

Prior to joining Reabold, Sachin Oza was an investment professional with over 17 years of investment experience, including seven years in the energy sector. He joined Guinness Asset Management in April 2016 and had earlier worked as an investment analyst at M&G Investments for 13 years, where he covered various sectors, including oil & gas on a global basis. Sachin’s other experiences include investment analyst roles at Tokyo Mitsubishi Asset Management and JP Morgan Asset Management.

Stephen Williams (Co-Chief Executive)

Stephen Williams contributes immensely to the company’s capability with his 13 years of experience in the oil and gas industry, banking and investment management, all with a focus on energy. Before joining Reabold, Stephen worked at Guinness Asset Management as a fund manager, prior to which he was with M&G Investments (between 2010 and 2016) as an investment analyst and at Simmons & Company International between 2005 and 2010. Stephen has also had the valuable experience of working in the energy industry at ExxonMobil from 2003 to 2005.

Anthony John Samaha (Finance Director)

Anthony Samaha, a Chartered Accountant by qualification, has a rich experience of over 25 years in accounting and corporate finance and resources development. Anthony gained significant experience in valuations, IPOs, independent expert reports, and M&A in his tenure of over 10 years with international accounting firms, such as Ernst & Young. He holds vast experience in the listing and management of AIM and TSX quoted companies, including fund raisings, project development, and mergers and acquisitions. He was instrumental in the acquisitions and resource projects in various territories of the world.

Marcos Mozetic (Non-Executive Director)

Marcos Mozetic was an industry leading exploration geologist and a recent addition to Reabold’s talent pool. He joined the company in September 2018. Before that, he had spent 12 years designing, implementing and heading up Repsol S.A's global exploration division between 2004 and 2016. It was the golden period for Repsol when it became a leader in reserve replacement and participated in some of the most exciting discoveries across the globe.

Mike Felton (Non-Executive Director)

Mike Felton, with more than 29 years of experience in the financial sector, has proven his mettle as a seasoned fund manager in the city. Prior to joining Reabold in 2018, Felton headed the UK Retail Equities at M&G Investments and was manager of the M&G UK Select Fund; under his leadership, the fund's assets grew five folds to around £550 million from £110 million.

Jeremy Samuel Edelman (Non-Executive Chairman)

Jeremy brings with him some of best experience at a global level as he has worked in leading investment banks, like Bankers Trust and UBS Warburg, in the debt and acquisition finance segment. Jeremy has extensive experience in corporate finance, having been responsible for co-coordinating a number of companies in making acquisitions in a variety of resource sectors. He also held consulting and director positions in listed companies in the UK and Australia that were involved in resource exploration and development, including investment companies established with the specific objective of investing in resources projects.

Peter Dolan (Adviser)

Peter, as an adviser to the company, has worked in the oil and gas exploration industry since 1965 and brings in a lot of experience in this segment. Besides holding considerable experience, he has an extensive network of personal contacts within the industry. He is an active member of the Geological Society as well as various professional bodies and charities.