Houston, Texas June 28, 2016 – The Silverfern Group, a leader in non-traditional global direct investment, today announced that it has invested in Silverfern portfolio company Sequitur Energy Resources’ follow-on acquisition of certain proved and developed oil and gas reserves in the Permian Basin in West Texas from EOG at a time of market weakness.
Sequitur Energy Resources is an oil and gas exploration and production company, which was formed by the former senior management team of Mariner Energy to opportunistically consolidate under-exploited U.S. onshore oil and gas assets. The acquisition of the EOG assets, comprising certain proved and developed oil and gas reserves in the Permian Basin in West Texas, increases Sequitur’s profitable daily BOE production by 550%, Proved Developed reserves by 515%, and 2016 well-level net cash flow by 330%, all at May 2016 oil prices.
Following completion of the investment, Silverfern Co-Managing Partner Clive Holmes said: “Silverfern is pleased to continue its strong support for CEO Scott Josey and the Sequitur management team. Consistent with our non-traditional investment strategy to manage the micro (sweat the assets) and to survive the macro, Sequitur has again proved the wisdom of employing conservative financial leverage in cyclical industries, being able to take advantage of market weakness to opportunistically acquire strategic assets at attractive prices.”
The Sequitur investment represents Silverfern’s fourth follow-on investment and ninth global investment in the past 18 months.
Sequitur Energy Resources is an oil and gas exploration and production company, which was formed by ACON Investments and the former senior management team of Mariner Energy to opportunistically consolidate under-exploited U.S. onshore oil and gas assets.
Founded in 2001, Silverfern is one of the largest and most successful family office investment clubs in the world. Silverfern invests on behalf of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global exclusive partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes non-traditional, direct, co-control and minority investments in middle market private equity and real estate investment opportunities globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments. Silverfern is amongst the few woman-owned, truly global middle-market, multi-asset-class, investment management firms in the world today, with resources akin to those of a strategic, local investor.
Additional information is available at www.silfern.com