Who we are
Rey Resources Limited (“Rey” or “Company”) is an ASX-listed company (ASX: REY) focused on exploring and developing energy resources in Western Australia’s Canning Basin.
Rey holds 100% interest in EP487 (the “Derby Block”) and 40% interest in two prospective Canning Basin petroleum exploration permits – EP457 and EP458 (the “Fitzroy Blocks”). Rey also holds 100% interest in EP104, Retention Licence R1 and Production Licence L15 (together the “Lennard Shelf Blocks”).
Rey has participated in and completed a series of exploration works on these permits, including two deep conventional oil wells in Canning Basin, more than 160km of new seismic line acquisition, 2300+km vintage seismic line reprocessing and multiple regional geology and geophysics studies. Rey is aiming to have an extensive exploration activity for future Canning Basin development. Rey also holds two well-explored coal tenements in the Canning Basin which consist of the Duchess Paradise Coal Project.
Rey also holds 7.5 million fully paid ordinary shares in PZE Limited, representing approximately 5.8% of its issued capital as of 30 June 2023, which holds the Surat Gas Project located at Surat Basin, Queensland. Rey has an experienced Board and management team and is committed to continuing to develop its energy assets to deliver maximum value to its shareholders.
Board of Directors
Min Yang possesses a wealth of experience spanning over 30 years of in international investment. Min’s expertise lies in the identification, acceleration and realisation of investments across a range of industries including property, resources, technology and finance.
Wei Jin holds PhD in Science in China University of Geosciences. He has over 20 years’ professional experience covering exploration, mineral industry construction and operation, as well as mineral resources products international trading activities in Australia, China, Russia and Mongolia. Wei is a nominee director for Crystal Yield Investments Limited, Rey’s cornerstone investor which holds a relevant interest in approximately 19.9% of the issued capital in the Company.
Geoff Baker is a qualified lawyer in Australia and Hong Kong. He holds a commerce degree, law degree and a Master of Business Administration. Geoff has practiced extensively for 30 years as a lawyer in Australia, Japan, across Asia and China.
Yan Zhao has over 17 years of management and engineering experience in coal exploration, mining industry business development, and an extensive network in both Australia and China. Before 2017, he worked in the Australian branch of a Chinese company and held several key positions and responsibilities.
He holds a Bachelor of Mechanical Engineering and Automation from the Agricultural University of Hebei and a Senior Engineering certificate in China.
Stanley (Qianrui) Fu worked in the Company as an Operations Manager for 5 years until July 2022 when he was appointed Non-Executive Director. He has over 10 years of experience in commercial management, research and analysis, operations as well and delivery of complex projects within the oil and gas industry.
William Kuan has extensive experience in accounting, corporate finance and company secretarial areas. He is currently a Director and Company Secretary of ASF Group Ltd, a substantial shareholder of the Company. Prior to joining ASF, he was company secretary for a number of diverse Hong Kong listed companies.