Red Capital Plc · LSE:REDC
Red Capital — Apertura Energy — Investor Presentation (2026)
11 slides from Red Capital's investor presentation, Oct 5, 2026
Slide 1: Unlocking Venezuela's Energy Potential
Unlocking Venezuela's Energy Potential APEA EE PLC www.apertura.energy © 2026 Apertura Energy PLC. All rights reserved. All trademarks acknowledged.
Slide 2: 304Bn barrels of proven reserves
304Bn Barrels of proven reserves World's largest <1M bpd Current production The biggest under- vs 3.5M bpd peak exploited oil province on the planet, now reopening +500k bpd to international capital. Rehabilitation opportunity within 2 years
Slide 3: Why Venezuela? Why Now? The Opportunity
WHY VENEZUELA? Why Now? The Opportunity Sanctions Easing Progressive licensing regime Venezuela's oil sector is one of the largest and most enabling foreign capital and developed in the world. 300+ oil fields, 50+ giant fields, and operational re-entry. thousands of wells with existing infrastructur
Slide 4: Our Approach
OUR APPROACH Apertura’s strategy is built on an acquisition and growth model across the full energy value chain: upstream interests, drilling and production infrastructure, midstream capability, and energy services. We are building a diversified, UK-listed energy group, positioned to deliver long-te
Slide 5: Heads of Terms to Acquire Conterp Group Plc
A revenue-generating P R O P O S E D AC Q U I S I T I O N operating platform with the equipment, people and contracts to underpin Heads of Terms to Acquire Apertura's Venezuelan Conterp Group Plc strategy. Apertura has announced non-binding Heads of Terms to Enterprise value Implie d multiple acquir
Slide 6: At a Glance
At a Glance Operating History Employees Workover Rigs Founded in 2001, headquartered in Salvador, Brazil. A contracted, cash-generative oilfield services business providing drilling, workover and production Drilling Rigs Signed Backlog by Burreau Veritas support across Brazil’s onshore basins. ISO 9
Slide 7: The Market
304Bn - Venezuela 298 - Saudi Arabia The Market 168 - Canada 158 - Iran Today there are only an estimated few drilling rigs 145 - Iraq operating vs 100+ at its peak in 1997 when production 108 - Russia was around 3.1 bpd. Near term demand is for around 60 drilling rigs and over 120 workover rigs. 10
Slide 8: Landscape: Venezuela's onshore basins
L ANDSCAPE Venezuela's onshore basins hold the bulk of the country's proven reserves and existing infrastructure. These are the areas where rehabilitation and services demand will be greatest, and where Apertura's operational model is best positioned to deliver. aracaibo Eastern asin rinoco Current
Slide 9: Leadership
Le adership Greig Gilbert Scott Gilbert David Williams CEO & Co-Founder Non-Executive Chairman & Co-Founder Non-Executive Director British-Venezuelan executive and entrepreneur with British-Venezuelan executive and entrepreneur with Over 36 years' experience in investment markets, 15+ years of execu
Slide 10: The Apertura Advantage
THE APERTURA ADVANTAGE To capture value in Venezuela, you don't just need capital, you need to be able to operate on the ground. Apertura is building to do both. H A DNA Half-Venezuelan founders with lifelong networks across the Venezuelan 700+ person Brazilian rig company demonstrates the ability e
Slide 11: Unlocking Venezuela's Energy Potential
Unlocking Venezuela's Energy Potential inoaerturaenergy Powered by Coldstream Media