Reabold Resources appoints new Chief Financial Officer

Francesca Morgan
Vox Newswire
09:10, 13th May 2022

The investment firm Reabold Resources (RBD Follow | RBD), which focuses on investments in upstream oil and gas projects, announced that it has appointed Chris Connolly as Chief Financial Officer.

In an announcement released today, Reabold Resources, whose investing policy is to acquire interests in exploration and producing projects and assets in the natural resources sector, said it expects Mr Connolly to be of significant value ‘during an exciting period for the business.’

Addressing shareholders, Reabold said Chris has over 16 years of experience in the resource industry and joins the Company from EnQuest PLC, where he was Group Financial Controller.

Mr Connolly 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.

Shares in Reabold Resources were trading 6.56% higher this morning at 0.325p.

Stock Chart | RBD

Connolly headed up the Finance, Treasury and Systems divisions, leading all internal and external reporting at EnQuest, where he also presided over all technical accounting transactions and was a significant member of the acquisition-focused project teams.

Speaking of his appointment, Mr Connolly, said: “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.”

Stephen Williams, Co-CEO, said:“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.”

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