The Zama-1 Well, a project of Talos Energy, Premier Oil, and Sierra Oil & Gas, in the Sureste Basin, is the first well to be drilled by closely held companies, more so international firms. The three companies are private, but while Sierra Oil & Gas is Mexican, Premier Oil and Talos Energy are based in the UK and Houston respectively.
According to a press statement issued by Premier Oil in mid-May, the Zama Well would be complete in three months if the planned drilling commenced a week later. The statement further intimated that the well boasts of between 100 million to 500 million barrels of crude oil. Premier owns a 25 percent stake in the venture and, is expected to fund the drilling of the well to the tune of $16 million. Talos Energy and Sierra Oil & Gas own 35 percent and 40 percent stake respectively.
As the first non-Pemex well since Mexico nationalized her oil sector in 1938, Zama is the talk of the town not only in Mexico but also other parts of the world. Notably, investors in London are taking the “wait and see” approach before they embark on investing in Mexico. The successful drilling and operation of the Zama Well is likely to encourage investors to channel resources to the Mexican ailing oil industry. Elaine Reynolds and Charlie Sharp, both fellows at Edison Investment Research and Canaccord Genuity, respectively are confident that the Zama Well will have huge implications on the Mexican Oil sector.
Created in 2012 and backed with investment funds affiliated with Apollo Global Management and Riverstone Holdings, Talos Energy is interested in oil and gas properties in Gulf Coast and the Gulf of Mexico. Talos Energy’s partnership with Sierra and Premier cements the company’s presence in the Gulf of Mexico. What’s more, Talos Energy is the operator of the Zama Well
Tim Duncan, the CEO of Talos, is employing both organic and inorganic growth strategies to expand the presence of the company in Latin America. In 2013, Talos acquired Energy Resource Technology GOM, a subsidiary of Helix Energy Solutions Group whose assets were located in the Gulf of Mexico.
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In 2015, Omar Yunes entered the list of the world’s prominent entrepreneurs and managers by winning the Best Franchisee of the World Award. The brand he represented, Sushi Itto received recognition for fostering excellence in its services. Yunes country, Mexico was the primary beneficiary. For the first time in history, its franchising sector won on the international platform. However, not much is understood about the BFW award itself. Here are quick facts about it.
The Best Franchisee of the World awards is aimed at motivating hardworking franchisees. It honors their contribution to their respective brands in terms of profits, innovation, savings and influence on the network. Other considered factors include leadership skills and managerial abilities.
Omar Yunes, for example, won the award due to his outstanding contribution to his Sushi Itto brand. Through his efforts, the label had expanded by over 10%. He had created a management model that improved information flow and distribution in the network. His other main achievement was the development of a performance measurement metric. It solved performance issues that had plagued the brand for years.
Only the best wins
The competition does not begin and end at the international level. It starts at the national levels. Participating countries have national competitions that bring together franchisees from the different industries and sectors of the economy. Organizers and adjudicators then conduct the vetting. Only the first two finalists’ proceed to the global level.
In the 2015 competition, Mexico’s national competitions attracted over 34 participants form various firms in the country and the world. Omar Yunes won the national competition followed by Ivan Tamer of Prendamex. Ivan had revolutionized the marketing system of its brand’s network of pawnshops. The two represented the North American Nation in Florence Italy.
The BFW award’s other purpose besides rewarding the crème de la crème of the industry is creating a forum for industrial networking. Leaders from different sectors present their innovations and methods with other leaders. Through these presentations and discussions, firms exchange information on how to improve their services and profit margins without sacrificing quality.
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One of the biggest moves in history was when Kerrisdale Capital Management a hedge fund company sourced for capital worth $100 million to short stock a single stock in 2016. The move was under the leadership of the Chief Investment Officer, Sahm Adrangi.
What stuck is how quickly they raised the capital. Sahm Adrangi was to give out a full analysis of how they came to short stock just one company. They even had started buying stock in the said company to ensure they stamp their position in it. They were to use videos and a thesis on their identification of the company and the implications.
Kerrisdale has always been in the limelight for their publications on fraudulent companies. The firm believes in analysis backed up with evidence. The company is based in Boston and was founded by Sahm Adrangi in 2009. As at 30th June 2017, the portfolio value of the firm was above $108 million.
Under Sahm Adrangi, Kerrisdale Capital has been able to have a successful track record. The company has been on the journey towards bringing to light corporate fraud. Sahm Adrangi’s career had started off being hedge fund investor. He was able to uncover some fraudulent companies that had found their way in North America and appearing as listed companies.
What brought Kerrisdale to light when they were starting out was when they raided the Chinese Education Alliance (CEU). The company claimed they were making $22 million in revenue. Adrangi used investigators to make inquiries. Surprisingly, the alleged building where the firm operated was empty. That’s when Adrangi out a bet that CEU would collapse which it did.
Adrangi’s experience is what has brought Kerrisdale this far. The firm maintained a top ranking as ranked by the Barclays Hedge Fun in 2012. Adrangi graduated in Yale University with a B.A in Economics. He proceeded on to Deutsche Bank and joined the finance department as an analyst. Later on, he joined Longacre Fund Management. His breakthrough came when he founded Kerrisdale Capital Management.
He has been influential and very resourceful with information. He has been called in interviews by several publications to offer his insight.
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