Michael Binnion, President & Founder, Questerre Energy Corporation
I hope we can focus on what industry needs to start doing, keep doing and stop doing to gain back the ground lost to hydrocarbons opponents.
I hope we can focus on what industry needs to start doing, keep doing and stop doing to gain back the ground lost to hydrocarbons opponents.
Stonechair Capital Corp was created in 2009 as a private equity venture capital firm that continued the pursuit of my passions in the investment banking market and Africa energy. The firm has been involved in projects in Senegal, Ethiopia, Kenya, Tanzania, Madagascar, Seychelles, Liberia, Mozambique and Nigeria.
Today, Tower Capital operates the Thali license offshore Cameroon, which already has two oil discovery wells and two large exploration blocks in Zambia near the border with Zimbabwe. Tower Capital remains active in Namibia and also partners with NewAge in the Algoa-Gamtoos offshore block, which NewAge operates in South Africa.
Impact has established itself as a frontier company being able to identify, secure and explore very large potential prospects – often in deep water off the continental shelf. Because of the potential of the prospects in Impact’s portfolio it has been successful in attracting very large companies such as ExxonMobil, Total, Statoil and CNOOC as partners.
The investor profile is not limited to PE, family offices, industrial groups and the large trading houses are all active. What is clear is that no one is willing to be a silent partner. The aspiration is to ensure that the portfolio companies implement international HSE and corporate governance standards and operate with a high degree of operational excellence and most importantly provide a return to their shareholders. Face time is very important in ensuring success.
Key challenges according to Joel are – discounted prices as a result of limited market access and regulatory hurdles and lack of institutional interest.
With our unique 3 coast reach, we are well positioned to help producers reach desirable domestic and international markets.
Given the positives associated with Canada outlined herein, we have set up a Canadian office in 2016 and have completed five local investments. We continue to see strong deal flow in a market underserved by capital providers.
Pinsent Masons has been active in Africa since the early 1990s when we exported the private financing model to South Africa, culminating in the development of the Gautrain. Since then, the firm has provided an entire project lifecycle service, supporting those who have an economic interest in Africa’s major energy, natural resources and infrastructure assets.
IFC has over six decades of history with Africa: IFC has invested more than $25 billion in African businesses and financial institutions, and our current portfolio there exceeds $5 billion. We are a leading provider of advice to promote a sustainable private sector and mobilize capital from other investors who invest alongside IFC in critical sectors for Africa’s future. IFC invests in a multitude of sectors, from banking to agriculture, with a clear focus on developmental impact.