Reabold Resources PLC (LON:RBD) Co-CEO Stephen Williams chats with DirectorsTalk about the operational update of the IM-1 well in Romania. Stephen talks us through the update highlights, explains the forward plan, how significant this discovery could be in the context of the Reabold portfolio and how today’s update impacts the project compared to the initial investment case.
Reabold Resources plc is an investing company investing in the exploration and production (“E&P”) sector. The Company’s investing policy is to acquire direct and indirect interests in exploration and producing projects and assets in the natural resources sector, and consideration is currently given to investment opportunities anywhere in the world.
As an investor in upstream oil & gas projects, Reabold aims to create value from each project by investing in undervalued, low-risk, near-term upstream oil & gas projects and by identifying a clear exit plan prior to investment.
The long term strategy is to re-invest capital made through its investments into larger projects in order to grow the Company. Reabold aims to gain exposure to assets with limited downside and high potential upside, capitalising on the value created between the entry stage and exit point of its projects. The Company invests in projects that have limited correlation to the oil price.
The company has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company’s strategy.