Upland’Resources’Limited’uplandres.com/wp-content/uploads/2015/10/Upland_Presentation_1_3... ·...
17
Upland Resources Limited March 2016
Transcript of Upland’Resources’Limited’uplandres.com/wp-content/uploads/2015/10/Upland_Presentation_1_3... ·...
Upland Resources Limited
March 2016
This document is confiden6al and is being supplied to you solely for your informa6on and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published in whole or in part, for any purpose. In par6cular, neither this document nor any copy of it (or any part of it) may be sent to or taken into the United States, Canada, Australia, Republic of South Africa or Japan (or any of their respec6ve territories or possessions, or to any resident thereof or any other corpora6on, partnership or other such en6ty created or organised under the law thereof), nor may it be distributed to or for the account or on behalf of any US person (within the meaning of regula6on S under the US Securi6es Act of 1933, as amended). The distribu6on of this presenta6on in other jurisdic6ons may also be restricted by law and persons into whose possession this presenta6on comes (or a copy hereof) should inform themselves about, and observe, any such restric6on. Any failure to comply with these restric6ons may cons6tute a viola6on of the laws of any such other jurisdic6on. This document does not cons6tute or form any part of any offer or invita6on or other solicita6on or recommenda6on to purchase any securi6es and contains informa6on designed only to provide a broad overview for discussion purposes. As such, all informa6on and research material provided herein is subject to change and this document does not purport to provide a complete descrip6on of the investment opportunity. All expressions of opinion are subject to change without no6ce and do not cons6tute advice and should not be relied upon. Upland Resources Limited (the “Company”) does not undertake any obliga6on to update or revise the informa6on in or contents of this document. Recipients of this document who may consider acquiring shares in the Company are reminded that any such acquisi6on should not be made on the basis of the informa6on contained in this document. This document is being distributed in the UK only to, and is directed only at persons who are: (i) investment professionals as defined in Ar6cle 19(5) of the Financial Services and Markets Act 2000 (Financial Promo6on) Order 2001 (“the Promo6on Order”); (ii) are persons of a kind described in Ar6cle 49(2) of the Promo6on Order; (iii) are persons to whom this document may otherwise lawfully be issued or passed on and/or (iv) persons outside the United Kingdom (in accordance with any applicable legal requirements) (all such persons together being referred to as “Relevant Persons”). Any person who is not a Relevant Person should not act or rely on this presenta6on or any of its contents and any investment or investment ac6vity to which it relates will only be available to Relevant Persons. Any person who is unsure of their posi6on should seek independent advice. This communica6on is exempt from the financial promo6on restric6on in sec6on 21 of the Financial Services and Markets Act 2000 (“FSMA”) on the basis that it is only directed at and being sent to the categories of investor described above. This communica6on has not been approved by a person authorised by the Financial Services Authority under FSMA. This document is being distributed in Ireland only to and is directed only at persons who are “qualified investors” within the meaning of the Prospectus (Direc6ve 2003/71/EC) Regula6ons 2005 of Ireland. Neither the Company, nor its employees, advisers or representa6ves nor any other person makes any guarantee, representa6on, undertaking or warranty, express or implied as to the accuracy, completeness, correctness or fairness of the informa6on and opinions contained in this document (or as to the reasonableness of any assump6ons on which any of the same is based or the use of any of the same), nor does the Company nor its employees, advisers or representa6ves nor any other person accept any responsibility or liability whatsoever for any loss howsoever arising from any use of this document or its contents or otherwise arising in connec6on therewith.
The informa6on set out herein may be subject to upda6ng, comple6on, revision, verifica6on and amendment and such informa6on may change materially. If you rely on this communica6on to make an investment you may be exposed to a significant risk of losing all of your investment. This communica6on does not cons6tute either advice or a recommenda6on regarding any securi6es. Any person who is in any doubt about the subject ma`er of this communica6on should consult a duly authorised person specialising in advising on such investments.
This communica6on includes forward-‐looking statements. These forward-‐looking statements include all ma`ers that are not historical facts, statements regarding the Company's inten6ons, beliefs or current expecta6ons concerning, among other things, the Company's results of opera6ons, financial condi6on, prospects, growth, strategies, and the industry in which the Company operates. By their nature, forward‑looking statements involve risks and uncertain6es. You are cau6oned that forward-‐looking statements are not guarantees of future performance and that the Company's actual results of opera6ons, financial condi6on and the development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-‐looking statements contained in this communica6on. Past performance is not a guide to future performance.
2
} An independent oil & gas explora6on start-‐up run by a highly experienced management team with a proven track record of genera6ng value for shareholders – including Cove Energy & 88 Energy.
} Established with the aim of taking advantage of the team’s knowledge & experience, the current low oil price & stressed nature of some encumbents to assemble a poriolio of assets with:
• A`rac6ve risk:reward balance • Low-‐cost entry & cheap work programme costs • Robust economics – so viable at low energy prices
} IPOed & raised £1.3 million through a Standard Lis6ng on the Official List on 26th October 2015
} No debt } Ticker: UPL, market capitalisa6on £2.4 million (as at 1/3/16)
3
} Onshore Europe, Malaysia and North Africa
4
} Upland remapped the field, developed the technical concept, brought in bid partners & won a 14th Round bid for a PEDL including Hardston Field. Award of ini6al 5-‐yr permit expected early April 2016: • New seismic + a well bid
• Excellent partners: � Upland Resources Ltd – unique local knowledge, contacts & explora6on concept 16.67% � Ineos Upstream Ltd – part of global petrochemicals conglomerate with opera6ons in 50.00%
65 countries and sales of $54 billion � Europa Oil & Gas plc – experienced & successful onshore UK operator 16.67% � Shale Petroleum Ltd – experienced & successful Canadian shale gas/oil explorers 16.67%
} A`rac6ve low risk, low cost conven6onal field rejuvena6on project } Validated by independent Competent Person’s Report } Addi6onal UK onshore opportuni6es being assessed
5
6
YORK
BATH
DERBY
DOVER
LEEDS
LUTON
EXETER
BANGOR
BOLTON
OXFORD
LINCOLN
TELFORD
WREXHAM
CHESTER
HORSHAM
CHATHAMREADING
SWINDON
IPSWICH
TAUNTON
BRISTOLCARDIFF
NEWPORT
PRESTON BURNLEY
SWANSEA
NORWICH
WEYMOUTH
PLYMOUTH
STAFFORD
BRIGHTON
BARNSLEY
SKEGNESS
COVENTRY
CARLISLE
HEREFORD
LEICESTER
MANSFIELD
SHEFFIELDLIVERPOOL
GUILDFORD
SALISBURY
DONCASTER
BLACKPOOL
MORECAMBE
CAMBRIDGEWORCESTER
STRANRAER
NOTTINGHAM
MANCHESTER
CANTERBURY
EASTBOURNE
WINCHESTER
SCUNTHORPE
COLCHESTER
BARNSTAPLE
SUNDERLAND
BIRMINGHAM
CHELTENHAM
PORTSMOUTH
SOUTHAMPTON
NORTHAMPTON
BRIDLINGTON
SCARBOROUGH
BOURNEMOUTH
CHESTERFIELDMACCLESFIELD
PETERBOROUGH
MILFORD HAVEN
MIDDLESBROUGH
WOLVERHAMPTON
STOKE-ON-TRENT
CITY OF LONDON
NEWARK-ON-TRENT
BARROW-IN-FURNESS
KINGSTON UPON HULL
NEWCASTLE UPON TYNE
ROYAL TUNBRIDGE WELLS
200000.000000
200000.000000
300000.000000
300000.000000
400000.000000
400000.000000
500000.000000
500000.000000
600000.000000
600000.000000
1000
00.0
0000
0
1000
00.0
0000
0
2000
00.0
0000
0
2000
00.0
0000
0
3000
00.0
0000
0
3000
00.0
0000
0
4000
00.0
0000
0
4000
00.0
0000
0
5000
00.0
0000
0
5000
00.0
0000
0
0 10 20 30 40 50 60 70 80 90 Miles
14th onshore oil and gas licensing round
0 10 20 30 40 50 60 70 80 Kilometres
SCALEContains data from Ordnance Survey.© Crown copyright 2015. You may re-use this information (not including logos) free of charge in any format or medium, underthe terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected] enquiries regarding this publication should be sent to us at [email protected].
www.gov.uk/oil-and-gas-offshore-maps-and-gis-shapefiles
Updated: 07/12/20151:1,800,000 OSGB36 - BNG
Official
LegendMajor Cities & Towns
Blocks offered under 14th Onshore Licensing Round
British National Grid (10k)
British National Grid (100k)
Current Licensed Blocks
YORK
BATH
DERBY
DOVER
LEEDS
LUTON
EXETER
BANGOR
BOLTON
OXFORD
LINCOLN
TELFORD
WREXHAM
CHESTER
HORSHAM
CHATHAMREADING
SWINDON
IPSWICH
TAUNTON
BRISTOLCARDIFF
NEWPORT
PRESTON BURNLEY
SWANSEA
NORWICH
WEYMOUTH
PLYMOUTH
STAFFORD
BRIGHTON
BARNSLEY
SKEGNESS
COVENTRY
CARLISLE
HEREFORD
LEICESTER
MANSFIELD
SHEFFIELDLIVERPOOL
GUILDFORD
SALISBURY
DONCASTER
BLACKPOOL
MORECAMBE
CAMBRIDGEWORCESTER
STRANRAER
NOTTINGHAM
MANCHESTER
CANTERBURY
EASTBOURNE
WINCHESTER
SCUNTHORPE
COLCHESTER
BARNSTAPLE
SUNDERLAND
BIRMINGHAM
CHELTENHAM
PORTSMOUTH
SOUTHAMPTON
NORTHAMPTON
BRIDLINGTON
SCARBOROUGH
BOURNEMOUTH
CHESTERFIELDMACCLESFIELD
PETERBOROUGH
MILFORD HAVEN
MIDDLESBROUGH
WOLVERHAMPTON
STOKE-ON-TRENT
CITY OF LONDON
NEWARK-ON-TRENT
BARROW-IN-FURNESS
KINGSTON UPON HULL
NEWCASTLE UPON TYNE
ROYAL TUNBRIDGE WELLS
200000.000000
200000.000000
300000.000000
300000.000000
400000.000000
400000.000000
500000.000000
500000.000000
600000.000000
600000.000000
1000
00.0
0000
0
1000
00.0
0000
0
2000
00.0
0000
0
2000
00.0
0000
0
3000
00.0
0000
0
3000
00.0
0000
0
4000
00.0
0000
0
4000
00.0
0000
0
5000
00.0
0000
0
5000
00.0
0000
0
0 10 20 30 40 50 60 70 80 90 Miles
14th onshore oil and gas licensing round
0 10 20 30 40 50 60 70 80 Kilometres
SCALEContains data from Ordnance Survey.© Crown copyright 2015. You may re-use this information (not including logos) free of charge in any format or medium, underthe terms of the Open Government Licence. To view this licence, visit http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/ or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected] enquiries regarding this publication should be sent to us at [email protected].
www.gov.uk/oil-and-gas-offshore-maps-and-gis-shapefiles
Updated: 07/12/20151:1,800,000 OSGB36 - BNG
Official
LegendMajor Cities & Towns
Blocks offered under 14th Onshore Licensing Round
British National Grid (10k)
British National Grid (100k)
Current Licensed Blocks
SK46c
7 Source: British Geological Survey
1 3
3
3
3
2
1 – Naturally fractured, dolomitised Dinantian limestones – oil in Hardstoft Field FIELD REJUVENATION
1
2 – Shale gas. Organic-rich Bowland Shale: both reservoir & primary source rock.
3 – Namurian/Westphalian sandstones – gas prone – many analogue fields in area. UNDRILLED HERE
8
Hardstoft Field
BP-‐84-‐158B
Top Dinantian Limestone reservoir depth map (50m contour interval). Source: Blackwatch Petroleum Services CPR
• First significant oil discovery in UK, in 1919 • Hardstoft-1 produced oil with no water cut for 5 years - simple, vertical well. • Matrix & fracture porosity • Robust, high-relief faulted anticline • Vast bulk of resource remains to be produced (only ~ 200kbbl
STOIIP accessed so far) • Not drilled since 1926 • Next well will be directionally
drilled to access vertical fractures
Hardstoft East
SK46c
Approximate area accessed by existing wells: estimated only 150 m radius
9
Hardstoft AnticlineTop Dinantian
Source: Interpretation by Blackwatch Petroleum Services in CPR
North South
New 2D seismic needed prior to likely 2-well drilling programme Upside potential in Namurian and Westphalian sands
10
Estimated chances of success: Hardstoft 80% Hardstoft East 64%
(Sources: Blackwatch Petroleum Services CPR, Optiva Securities research note)
!"!
!"#$%&'(&)*'+),-%-#.'/#)0-+&1)2"+)
#
!"#$%&'()*+%,-+.%/(0&.$"*(!&$23%&4(5313.&67(89*+:6(;&4"#$%&4#
!
!"#$%&'"("#)*+,)"#(
$%&'()&*'+#+&,#-,*./&*-0#*+&*#1.%#.2#3%&'-#.2#*+-#4&50,*16*#&20#4&50,*16*#7&,*#,*58'*85-,#12#9:;"'#.,#83#*1#<<#
//==%,#).*+# 83# *1# !>#//==%,# 5-'1?-5&=%-# *+18@+# 0-*-5/.2.,*.'# '&%'8%&*.12,# A.-%0# -?-2# %&5@-5# ?1%8/-,B# C2#
5-@&50#*1#*+-#4&50,*16*#,*58'*85-D#*+-#'1/3-*-2*#3-5,12#+&,#&**5.=8*-0#EF#'12*.2@-2*#5-,185'-,#16#GB!#//==%,#
*1#*+-#/&.2#4&50,*16*#,*58'*85-#&20#&**5.=8*-0#&#@-1%1@.'&%#'+&2'-#16#,8''-,,#16#HIJ#K!#.2#!BE<L#*1#*+-#5-'1?-5A#
16#,&.0#5-,185'-,B#C2#5-@&50#*1#4&50,*16*#7&,*D#$%&'()&*'+#+&,#&**5.=8*-0#=-,*#-,*./&*-#351,3-'*.?-#5-,185'-,#
16# GB"<#//==%,#).*+# &# ";J# '+&2'-# 16# ,8''-,,B# M1*-# *+&*# *+-,-# 5-,185'-# -,*./&*-,# -N'%80-# *+-# 351315*.12#
5-*&.2-0#=A#*+-#O58,*--,#16#*+-#F+&*,)15*+#7,*&*-#820-5#*+-#F7#P.'-2'-#KF7II!LB#
9.2'-#-&5%A#35108'*.12#12#4&50,*16*#+&,#0-/12,*5&*-0#*+-#35-,-2'-#16#,185'-#51'(D#,-&%D# 5-,-5?1.5#&20#*5&3D#
)-#=-%.-?-#*+&*#*+-#%1)#5.,(#,*&*8,#&,'5.=-0#*1#*+-#0-31,.*#.,#Q8,*.6.-0B#R.?-2#*+&*#4&50,*16*#7&,*#.,#82351?-2#&*#
*+.,#,*&@-D#)-#&5-#,&*.,6.-0#*+&*#*+-#5.,(#6&'*15#.,#+.@+-5#&%*+18@+#*+-#351,3-'*#.,#,*.%%#0-6.2-0#&,#5-%&*.?-%A#%1)#
5.,(#@.?-2#.*,#351N./.*A#*1#*+-#/&.2#,*58'*85-B#
!
!"#$%&'(&)#-%'3#4-)-%&/2"&-%)56#'%%)"7$)7-&)&')8+9"7$:)
!"#$%#&'#$()'*"+),'*(-..//0*1( 2!( 3!( 4!(
56)7*$"8$(8%'07( !"#$% &"'!% '("#)%
*+,%,-%./0123% !"!(% !"45% &"!(%
9)"*:',$%;'()'*"+),'*(-..//0*1( <"=(( >'*$(( 5%&?(
56)7*$"8$(@6*$(:)"*:',$( !"4(% &")4% 5)"!)%
*+,%,-%./0123% !"'!% !")'% #"&#%
A"$60()'*"+),'('*$%.6$'( 2BCD( EBDF( GGBF3(
!"#$%&'()*+%,-+.%/(0&.$"*(!&$23%&4(5313.&67(89*+:6(;&4"#$%&4( (
11
!"!
!""#$%&'(%)*%+,-./0%+/-*1+2/%
#$$%&'()*+,-+*-..*/-0'-1.2$*-$'32*405&*+,2*5'.*60'72*02&-'(*28%-.*-(3*'(*.'(2*9'+,*+,2*-$$%&6+'5($*602/'5%$.:*
5%+.'(23;* 92* ,-/2* -66.'23* -* 0-()2* 54* <=>$* 620* 1-002.* 1-$23* 5(* 3'44202(+* 5'.* 60'72* $72(-0'5$* +5* 5%0* 0'$?23*
02$5%072*(%&120$@*A,2*BC*35..-0*/-.%-+'5($*450*+,2*-$$2+*.2$$*750650-+2*323%7+'5($*-02*-.$5*'(7.%323@*D'(-..:;*
92*,-/2*)2(20-+23*-*C+20.'()*1-$23*620*$,-02*0-()2*54*/-.%-+'5($*1-$23*5(*+,2*7%002(+*4%..:*3'.%+23*28%'+:@*E2*
,-/2*2F7.%323*+,2*75&6-(:G$*7-$,*1-.-(72*-+*2/20:*$+-)2*-$*&5$+*54*+,'$*7-$,*'$*2-0&-0?23*450*2F62(3'+%02*
-(3*352$*(5+*02602$2(+*4022*7-$,*02$5%072$@*
*
3456/%*7%84#14),*5%-2/54+,*-%
!"#$%#&'#$()'*"+),'*( -!(
./01#2(%#$')'*$( !"#"$%&
31)2*$"4$(4%'02( '#!(&
)*+&+,&-./012&34455/67& (#89&
:;6<&=0>+,?& @(%&
:;6<*2&?*6,A?>*6& (#B!&
5)"*/',$%6'()'*"+),'*( 7'*$((
31)2*$"4$(81*$(/)"*/',$( '#"8&
)*+&+,&-./012&34455/67& (#"!&
:;6<&=0>+,?& "B%&
:;6<*2&?*6,A?>*6&34455/67& (#'C&
D;/&.?;>*&=/0+&=?,4&9(!C&3E7& 9:;::( <:;::( =:;::( >:;::( ?:;::( @:;::(
)FG&!(&.*?&50??*/&3E7& (#C!& '#!C& 8#B8& $#$!& C#C$& !9#99&
H66*+&I0/A*&3E47& (#$'& 9#8"& B#'$& "#!C& @#((& C#@!&
J,?.,?0+*&2*2A>+;,16&3E47& K(#8(& K(#8(& K(#8(& K(#8(& K(#8(& K(#8(&
D.+;,16&012&L0??01+6&3E47& (#9C& (#9C& (#9C& (#9C& (#9C& (#9C&
MA//N&2;/A+*2&*OA;+N&347& 99@#CB& 99@#CB& 99@#CB& 99@#CB& 99@#CB& 99@#CB&
A10+'(/')(*B1)'(C/D( :;E>( :;?:( E;-<( E;?F( -;99( -;@?(
!"#$%&'()*+%,-+.%/0(12*+34(5&6"#$%&60(72.89+(&6.8:+.&6(
*
!"#$%&'("#')
A,2* -1$2(72* 54* 323%7+'5($* 405&* 02/2(%2* $%7,* -$* 05:-.+'2$* '&6.'2$* +,-+* 5($,502* BH* 6053%7'()* -$$2+$* -02*
75&6-0-+'/2.:*051%$+*-+*.59*5'.*60'72$*-$$%&'()*+,-+*%('+*5620-+'()*75$+$*02&-'(*%(320*75(+05.@*<2/20+,2.2$$;*-*
&532$+* 2F627+-+'5(* 54* IJK* 620* 1-002.* +,022* :2-0$* ,2(72* '$* (5+* -(* %(02-$5(-1.2* -$$%&6+'5(* )'/2(* +,-+*92*
-(+'7'6-+2*+,-+*+,2*7%002(+*7:7.2*9'..*12)'(*-(*%6+%0(*1:*2-0.:*LK!M*-+*+,2*.-+2$+@**
N(*+,2*75(+2F+*54*+,2*7%002(+*$,-02*60'72;*B6.-(3G$*7%002(+*&-0?2+*/-.%-+'5(*'$*&502*+,-(*75/2023*'(*-*IJK*4.-+*
5'.*60'72*2(/'05(&2(+@*#(:*4%0+,20*5'.*60'72*%6$'32*+59-03$*-*.5()*+20&*IMK*-/20-)2*-(3*92*-$$%&2*-*/-.%-+'5(*
450*+,2*$,-02$*54*&502*+,-(*L@O6*4%..:*3'.%+23@*A,'$*'$*'(*.'(2*9'+,*+,2*&-(-)2&2(+G$*2$+'&-+2$*-+*+,2*+'&2*+,2*
75&6-(:*$27%023*'+$*'(+202$+*'(*P.57?*CHQR7@*
P2-0* '(* &'(3* +,-+* +,2* -78%'$'+'5(* 60'72* 450* +,2* -$$2+* 9-$* 24427+'/2.:* ('.* S(5+* '(7.%3'()* 75($'320-1.2*
&-(-)2&2(+* +'&2*-(3*24450+T;* +,'$*-$$2+* '$* /-.%2*-7702+'/2* +5*-* .2/2.*12.59*-* .5()* +20&*5'.*60'72*54*IOK*620*
1-002.*-(3*2F7.%3'()*+,2*7%002(+*7-$,*1-.-(72*54*U!@O&@* *
• Value accretive at below $30/bbl • Excludes value of current cash in company
12
} Rela6onship with Petronas } Excellent local contacts è good opportuni6es } Poli6cal stability
13
} Long experience, good contacts è now assessing several opportuni6es
} A`rac6ve hydrocarbon licensing terms, high gas prices } Poli6cal stability, welcoming commercial environment
} Raised £1.3 million in Standard Lis6ng IPO } Low overheads and cheap Hardston work programme avoids need for another fundraising for some 6me
} Our goal is to build a balanced poriolio of assets with a programme to de-‐risk, add value and then either farm-‐down or drill
} Expected near-‐term posi6ve news flow: • Formal award of UK onshore permit • Start of seismic work on Hardston Field • Announcement of 2nd asset in UK or overseas
14
} Dr Stephen Staley -‐ CEO, Director
• Non-‐Execu6ve Director of, & consultant to, $3 million start-‐up Cove Energy PLC un6l its acquisi6on by PTTP for $1.9 billion. • Non-‐exec Director of, & consultant to, 88 Energy Ltd (Alaskan unconven6onals) • Co-‐founder and former CEO of Fastnet Oil & Gas PLC. • Owner & founder of Derwent Resources Limited. • Founder of addi6onal oil & gas companies • BSc in Geophysics (Edinburgh University), PhD in Petroleum Geology (Sheffield Univ), MBA (Warwick Univ), Fellow of the
Geological Society • 33 years experience in the interna6onal oil, gas and power sectors with BP, Conoco, Cinergy etc.
} Dr John Nicholson -‐ Geological Advisor
• 37 years’ interna6onal experience as a petroleum geologist • BSc in Geology (Imperial College), PhD (Cambridge University) • Founder of Highland Geology Limited • Joint founder and MD of the highly successful Midland Valley Explora6on Limited • 11 years with oil majors BP and Britoil. • Whilst with BP was heavily involved in the East Midlands & the Wytch Farm discoveries & development.
15
JUNE 2015 ROADSHOW PRESENTATION
ABN 80 072 964 179
} Dato’ Mohamad Norza Bin Zakaria – Chairman ◦ Highly experienced businessman and financier ◦ Directorships include Bintulu Port Holdings Bhd ◦ From 2004 to 2008 was Poli6cal Secretary to the Malaysian Minister of Finance ◦ Held senior posi6ons with Petronas, Bank Negara and Malaysian sovereign wealth funds ◦ Chairman of the Na6onal Sports Ins6tute of Malaysia ◦ Fully qualified accountant (Australia and Malaysia)
} Jeremy King -‐ Director
◦ Senior corporate finance execu6ve with over 14 years experience ◦ Has advised clients on IPOs, fundraising, takeovers, mergers and acquisi6ons and con6nuing obliga6ons.
◦ Jeremy is a director and head of corporate finance for Op6va Securi6es
◦ Previously he was a Director of English Trust Company Ltd, a corporate finance house, where he originated and lead the IPO of Private Equity Investor plc on the Full List of the LSE, raising £100m from investors. Previously at Kleinwort Benson Investment Management Ltd, where he became Head of UK Smaller Companies, managing unit trusts, investment trusts and pension funds inves6ng in UK smaller companies.
16
Ø Registered Office Ri`er House,
Wickhams Cay II, Road Town, Tortola, VG110, Bri6sh Virgin Islands.
Ø Website www.uplandres.com
Ø Managing Office The Green Man, 10 St John Street, Ashbourne, Derbyshire, DE6 1GH, UK. T: +44 (0)1335 300337 F: +44 (0)870 130 1571
17
