Fwd: Noble.

From: David Holtom <david@holtom.global>
Date: 18 May 2017 at 13:57:59 GMT+2
To: James Gilliar <james.gilliar@j2cr.com>
Subject: Noble.

Dear James,

Good to chat earlier. A quick brain dump - Please see attached, the investor brief for Noble passed to me by Nigel Robinson, Head of Finance for the Noble group (ww.thisisnoble.com), who has been given the remit to sell the whole company or controlling stake etc.

My Singapore-based company, Trescorp, has been lifting Oman Export Blend with Noble for over 6 months, and we’ve been getting on very well. My Omani business partner (Hamood al-Hashmi) was told by Nigel that Noble was looking for one buyer, and the lead was passed on to me, because of the work you and I have been doing together...Noble hasn’t been told anything about CEFC.  Nigel has stated that we can have 6 weeks exclusivity. We (Trescorp) are also well-placed with the Noble management in Singapore and Hong Kong. Noble is listed on the Singapore Stock Exchange (but is basically a US Company).

To note market capitalisation has come down from over $1.7bn a few weeks ago and nearly $7bn three years ago to around $600m over the last few days. in 2014, it was ranked 76 on the Fortune 500.

Noble has had cash flow problems. These are well documented online. China State sponsored SinoChem was going to purchase earlier in the year, but then ran into its own issues so pulled out, which sent Noble’s share price crashing.

I can share the below without breach of the NDA on a gentleman’s agreement. I can extend the NDA if you’re interested in moving this forward to CEFC. Seen from here, this looks worth a punt.

Chat soon,

David