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Reabold Resources plc

Oil and gas ‘bible’ just gets better

The International Centre for Oil and the Environment (ICOE) published the hard copy of its continuing professional development resource at the end of 2017.

A year later, ICOE went live with a digital version of the product, entitled Encompassing the Future: Offshore Oil and Gas Operations, Environment, Safety and Performance Management.

Now the not-for-profit organisation plans to apply artificial intelligence technology to enhance the search engine on the electronic format.

The upgrade will make it easier for people to narrow down searches and find specific information more quickly.

Reabold Resources (LON:RBD) invests in operating companies whose main value driver is the oil & gas asset of interest. Reabold can thereby run a low-cost, non-operator business model where the monetisation versus the entry price of the oil & gas projects it invests in will be the key determinant of value. Monetisation of investments depends on the extent of any success and market conditions. These include an asset sale, IPO or putting the asset into production.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.