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Senior exploration, new ventures & management positions at Enterprise Oil,
Shell International, Marathon Oil & Apache (UK, US, Brazil and Australia).
Former Head of new ventures at Petrobras Oil & Gas BV (Africa focused
Private Equity JV). Mr Jersing has a BSc in Geophysics and an MSc in
Petroleum Geology from Imperial college.
Shareholder aligned Board
Shareholder aligned Board (45% of fully diluted share positions represented)
Founding Director, Waterford Finance & Investments Ltd (Oil & Gas focussed
investment vehicle with shareholdings in companies with operations in Europe,
Africa, North America and Australasia)
Previously Non-executive director of Sibir Energy Plc & Dana Petroleum Plc
Senior E&P executive with an MSc. in Petroleum Engineering from Delft
University, the Netherlands. Following a successful career with Shell
International, he has been involved in multiple successful business start ups of
scale including EDP ltd, TAQA Bratani (UK) Ltd and TAQA Iraq BV. Executive
Chairman at Columbus Energy Resources plc
Chairman & NED
Representing Mistyvale Ltd. Investor in Private equity and Venture capital
projects through Supremum capital and Concentric VC. Focus on finance and
real estate sectors in Russia and UK. Previously with JP Morgan, Barclays
capital and VEB capital in M&A, Corporate finance and capital markets. Mr
Belyaev has an MSc in Mathematics from Moscow State University.
Transformative growth platform / shell
Major shareholders represented on the Board
Strong balance sheet, with ~US$83.1 million cash and
disciplined approach in low oil price landscape
Debt free & fully funded
Continued Portfolio management
Pro-actively focused on Chinguetti abandonment &
decommissioning (A&D) program
Odewayne revised farm-out terms (Payment of $3.5m
and transfer of 6% to Petrosoma to cancel $8m
contingent payment in April 2017)
Odewayne 1,000kms 2D seismic campaign complete
Mauritania C-10 disciplined exit at low cost
Q4 2017 move to smaller office
2017 G&A costs ca.31% lower than 2016 (2018
forecast of $2.9m)
Transformative shareholder driven mandate
Broadened jurisdictional focus
2P/2C onshore / shallow water bias with low break
Disciplined M&A driven growth
Value driven, uniquely positioned for material growth
Genel 50% Op.
Petrosoma 16% PSC-B Chinguetti
Sterling ~ 9% E.I.