About Vanguard: History

The Founders of Vanguard Energy, Neil Ritson, Dave Scott and Gordon Stein, came together in January 2008 following their departure from Regal Petroleum plc after a change of strategy within that Company.

With the benefit of having previously worked together, the Founders of Vanguard were confident that they had an extremely positive management dynamic and all the relevant experience necessary to rapidly launch a successful energy sector company.  Their simultaneous availability and joint wish to work together to develop a new energy company creates the platform for Vanguard Energy.  The turnaround of Regal between June 2006 and November 2007, where the Vanguard Founders were the Executive management team, is an example of their successful application of the requisite skills.

By end-January 2008 the Founders had established a strategy for Vanguard Energy and a set of principles for the acquisition of an initial set of assets. 

By mid February contractual arrangements were in place with the necessary advisors and the governing principles of the Company had been set in areas of HSE and ethics. A full management system is also under development.

Following a roadshow to major private equity funds during April and May 2008 a term sheet was signed with a major US-based private equity fund to provide funding to the initial transaction being negotiated by the Vanguard Energy team.

The Company is located in offices in London's Baker Street and is actively reviewing assets which have been screened to provide the effective launch of the Company into active operations.