RCS - Reabold Resources - Appointment of Chief Financial Officer

Reabold ResourcesAnnouncement

13/05/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220513:nRSM3660La&default-theme=true

RNS Number : 3660L  Reabold Resources PLC  13 May 2022

13 May 2022

 

Reabold Resources plc

 

("Reabold" or the "Company")

 

 

Appointment of Chief Financial Officer

 

 

Reabold, the AIM quoted investing company which focuses on investments in
upstream oil and gas projects, is pleased to announce the appointment of Chris
Connolly as Chief Financial Officer to the Company.

 

Chris has over 16 years of experience in the resource industry and joins the
Company from EnQuest PLC, where he was Group Financial Controller. Chris has
experience across the resources industry having initially trained at Ernst
& Young LLP before moving to Canamens Energy Limited, De Beers Group and
Ophir Energy.

 

At EnQuest, Chris headed up Group Finance, Group Treasury and Group Systems;
leading and managing all internal and external reporting for the Group. Chris
also presided over all technical accounting transactions for EnQuest and was a
significant member of project teams focused on acquisitions.

 

Chris is a Chartered Accountant and graduated from the University of Bristol
in 2005.

 

Stephen Williams, Co-CEO, commented:

"We are delighted to welcome Chris to Reabold. His wealth of transaction and
reporting experience across a wide range of premier resource companies will be
of significant value to the Company during an exciting period for our
business."

 

Chris Connolly, CFO, commented:

"I am delighted to be joining Reabold during a key period for many of our
assets, with the Corallian and California deals progressing positively. I look
forward to building on the strong foundation that Sachin and Stephen have
built and supporting the growth ambitions of the Company in the months and
years ahead."

 

 

For further information, contact:

 

 Reabold Resources plc                                      c/o Camarco

 Sachin Oza                                                 +44 (0) 20 3757 4980

 Stephen Williams

 Strand Hanson Limited - Nominated & Financial Adviser      +44 (0) 20 7409 3494

 James Spinney

 Rory Murphy

 James Dance

 Stifel Nicolaus Europe Limited - Joint Broker              +44 (0) 20 7710 7600

 Callum Stewart

 Simon Mensley

 Ashton Clanfield

 Panmure Gordon - Joint Broker                              +44 (0) 207 886 2733

 Hugh Rich

 Camarco                                                    +44 (0) 20 3757 4980

 James Crothers

 Billy Clegg

 Rebecca Waterworth

 

 

 

Notes to Editors

 

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.

 

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.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFLLLFLELXBBK