Reabold Resources (LON: RBD) Co CEO Stephen Williams joins DirectorsTalk to explain the significance of its California update. Stephen explains what this actually means for its projects, what we can expect from Monroe Swell going forward, whats next and what else is happening across the company.
Reabold Resources plc 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.