Reabold Resources plc (LON: RBD) Co CEO Sachin Oza joins DirectorsTalk to discuss the second oil discovery at Monroe Swell. Sachin provides us with some background on its California assets, how they fit in with company strategy, activity, more detail around Burnett 2A and 2B, immediate next steps and the medium to long term.
Reabold Resources plc is an investing company investing in the exploration and production 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.
Reabold’s 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.
Reabold has a highly-experienced management team, who possess the necessary background, knowledge and contacts to carry out the Company’s strategy.