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Building a Sustainable E&P Company: Lessons Learned
When building a sustainable E&P company you should choose your partners very carefully, never invest your own money, select bankers and legal counsel with E&P experience, and develop strong relationship with third-party certifiers. The investors you choose must have knowledge of the oil and gas industry, require >20% compounded returns, must be aligned and supportive and have a view to exit after 5 years. For the company to be successful it is critical to have cash flow from operations. It’s also benifical to find the best people possible and pay them for their abilities. Having a balanced and diversified portfolio with multiple projects is also key. When it is time to IPO use an investment bank with E&P experience and don’t underestimate time to receive the Entitlement-to-List. An above all else expect events of your control to occur.
Keywords: Due Diligence • Portfolio • Investment Opportunity
Presented at: 2009 South East Asia Petroleum Exploration Society (SEAPEX) Conference, Singapore, 2009
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