Reabold Resources Plc · LSE:RBD
Reabold Resources — Investor Presentation (April 2019)
16 slides from Reabold Resources's investor presentation, April 2019
Slide 1: Reabold Resources plc April 2019
reabold q p resources plc April 2019
Slide 2: Disclaimer
Disclaimer These Presentation Materials do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities in the Company nor shall they or any part of them form the basis of or be relied upon in any manner or for
Slide 3: Introduction: Management and Company History & Overview
Introduction Management Stephen Williams Sachin Oza • 16 years’ experience in the energy sector • 17 years’ investment experience • Investment analyst focussing on the energy • Investment analyst at M&G Investments from sector at M&G Investments where he worked 2003-2016, covering the Oil & Gas sect
Slide 4: Overview
Overview • AIM-listed, upstream oil & gas company • Specific strategy to fund other operators’ appraisal wells • High quality, high return projects • Technically de-risked by previous drilling • Quick cycle times to monetisation • Reabold’s capital unlocks the project allowing near term drilling act
Slide 5: Delivering Activity & Success with Drill Bit
Delivering Activity & Success with Drill Bit** Project Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 California - On Production NPV*: $10M Workovers California - West Discovery: On Production Brentwood VG-3 NPV*: $25M California - West Discovery On Production Brentwood VG-4 UK Offshore - Wick Dry
Slide 6: Diversified Portfolio of Material Assets
Diversified Portfolio of Material Assets REABOLD CALIFORNIA RATHLIN UK (37% interest) Four from four successful wells to date Drilling West Newton appraisal well in Q2 Extremely high per bbl economics Potentially one of the largest UK onshore oil Fast pace of activity and gas projects Discoveries qu
Slide 7: Rathlin UK Newton Appraisal Well - Humberside
Rathlin UK Newton Appraisal Well - Humberside • Reabold invested £3M for a 37.08% equity interest in Rathlin UK • Rathlin will drill appraisal well of West Newton A-1; significant gas discovery made in 2014, with potential for deeper oil • Union Jack PLC and Humber Oil & Gas have farmed in for 33.3%
Slide 8: Reabold California
Reabold California • Reabold acquired the right to earn 50% in 3 licences in California by drilling 5 wells • Four wells drilled to date with all four resulting in discoveries • VG-3 well drilled on West Brentwood and put on production in Oct 2018 • VG-4 well successfully drilled on West Brentwood i
Slide 9: Reabold California
Reabold California Monroe Swell Structure Map • The California portfolio allows us to drill wells into previously produced prolific oil fields at West Brentwood and Monroe Swell Successful • 3D seismic, unavailable to previous operators, Burnett 2A highlights new targets untapped by previous Success
Slide 10: Danube Petroleum Parta, Onshore Romania
Danube Petroleum Parta, Onshore Romania • Reabold has invested £1.8M into Danube Petroleum for its 33% equity interest • Reabold has options to acquire a greater equity interest on successful drilling • Danube 100% interest in Parta appraisal programme and 50% in rest of the licence • Reabold invest
Slide 11: Corallian Energy Colter Discovery and Curlew-A Appraisal
Corallian Energy Colter Discovery and Curlew-A Appraisal • Reabold holds a ca 33% equity interest in Corallian Energy Wytch Farm • Corallian drilled the Colter appraisal well at a 49% equity interest in Q1’19 Colter • Oil discovery made in the Colter South fault terrace; pre drill volumetric assessm
Slide 12: Further investments
Further investments • Limited window of opportunity to roll out strategy whilst both project entry prices and drilling costs remain low • Several potential projects have been substantially matured – all with near term drilling and highly favourable economics • Projects are technically de-risked, hav
Slide 13: Summary
Summary • Exploiting market dislocation which offers high quality assets at low valuations • Management has proven execution ability and stimulated industry transactions in invested projects at accretive values • Demonstration of success with the drill bit • Innovative model focused on generating re
Slide 14: Board, Management and Advisors
Board, Management and Advisors Sachin Oza – co CEO Stephen Williams – co CEO • 17 years’ investment experience • 16 years’ experience in the energy sector • M&G Investments, global Oil & Gas sector • M&G Investments, energy investment analyst - investment analyst – 2003 to 2016 2010 to 2016 • Tokyo
Slide 15: Reabold Resources plc
reabold resources plc dp
Slide 16: Sources
Sources The technical information and resources estimates provided in this presentation in relation to the projects in which Reabold has invested have been extracted from the presentations and technical data provided to Reabold by the operating companies in which Reabold has invested. That data has
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