Reabold Resources Plc · LSE:RBD
Reabold Resources — Investor Presentation (October 2017)
12 slides from Reabold Resources's investor presentation, October 2017
Slide 1: Reabold
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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: An Upstream O&G Company That Does Things Differently
An Upstream O&G Company That Does Things Differently Focus on generating returns for our shareholders Close the gap between asset quality and share price performance Invest in low risk, high impact projects with near term catalysts Exploit ideal timing to put capital to work in upstream oil & gas De
Slide 4: Reabold Team
Reabold Team With over 20 combined years focused on the Oil & Gas equities sector, Stephen Williams and Sachin Oza bring a wealth of experience of the Junior Oil & Gas space Key skills include project and company evaluation, sourcing investment ideas from across the World, insights into capital mark
Slide 5: Peter Dolan – Advisor
Peter Dolan – Advisor Industry veteran Peter Dolan part of the Reabold team Highly experienced in pre-cashflow oil & gas, and extensive personal networks within the industry Peter Dolan Co-Founder and Chairman of Fusion Oil & Gas, AIM listed, subsequently acquired Co-Founder of Ophir Energy in 2004,
Slide 6: Unlocking Value in the E&P cycle
Unlocking Value in the E&P cycle Early stage oil & gas companies would normally expect the most dramatic value uplift for a project to occur between first resource discovery and project FID Last several years have seen a dislocation between fundamentals and valuations Reabold allows investors to foc
Slide 7: Strict Selection Criteria
Strict Selection Criteria GEOLOGY: Initial focus on Europe Projects are all substantially de-risked from a technical perspective Existing regional production and historic discovery wells Sufficient running room to turn initially small projects into substantial regional businesses ECONOMICS: Projects
Slide 8: The Reabold Way
The Reabold Way ▪ Reabold only invests when our capital & capability can unlock value in the underlying investments ▪ Non-operator but not passive. Reabold will seek to drive value creation through Board representation ▪ Greater control via investments in the operator vs being a JV partner in the fi
Slide 9: Project 1: Corallian Energy
Project 1: Corallian Energy Bournemouth ▪ Reabold has invested £1.5M for 35.4% of Corallian Energy to facilitate drilling a well on the Colter prospect early next year Wytch Farm ▪ Colter is a UK oil discovery, initially drilled in 1986 Colter ▪ Adjacent to the prolific Wytch farm oil field (480mm b
Slide 10: Project 1: Colter Prospect Economics
Project 1: Colter Prospect Economics Colter Economics Forecast (net to Corallian) ▪ Cost of initial appraisal well only $3.4m net to Corallian Prospective Resources 12M bbls Commercial CoS 58% ▪ Colter’s near shore location ensures a highly cost effective Appraisal Well Cost Development Capex ($M) $
Slide 11: Project 2: Parta, Romania
Project 2: Parta, Romania ▪ Reabold will invest £1.5M into Danube Petroleum, a 50% owner of the Parta License, onshore Romania ▪ The License is situated within a proven and stable hydrocarbon region which benefits from low drilling and operating costs ▪ Danube will undertake initial drilling program
Slide 12: Project 2: Parta Indicative Economics
Project 2: Parta Indicative Economics ▪ Very low capex, ensures fast payback vs first gas ▪ Perfectly positioned to exploit convergence of gas prices across East and West Europe ▪ Success case NPV of $86 million assuming gas price of $6.2/Mbtu and 33bcf ▪ Robust at substantially lower gas prices ▪ S
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