Menu

Class Mobs

Become smarter

Talos Energy

Talos Energy is one of the companies working on a joint project that has drilled the first private oil well in Mexico since their industry was nationalized nearly 80 years ago. This is the latest step that Mexico has taken to open up their market to foreign operators in a bid to more fully develop their energy resources and help provide a boost to their economy.

The oil well is called Zama-1 and drilling and development is being accomplished by Talos Energy based out of Houston, Premier Oil Plc which is London based, and Mexico’s Sierra Oil & Gas who completes the trio. Petroleos Mexicanos is the state-run monopoly which prior to this endeavor had been the only driller in the Mexican oil industry.

Zama-1 is located offshore from the Mexican state of Tabasco and is believed to hold a substantial reserve of oil. The Sureste Basin is a likely place for drillers and some estimates are as high as 500 million barrels as to its capacity. The lower end of the estimates are a still considerable 100 million barrels of oil. The three companies won a round of bidding in 2015 when Mexico took this historic step of inviting foreigners into their market. To know about Talos Energy click here.

An industry analyst, Elaine Reynolds, who works for London-based Edison Investment Research Ltd. indicates that there is great interest in the project among industry watchers. She also detailed that the geological structure of the basin indicates a high probability for success. Talos Energy will control a 35% stake in the well, Sierra Oil & Gas will control 40% and Premier Oil has a 25% stake in the endeavor.

Talos Energy is an independent oil and gas company that emphasizes offshore exploration and production. They specialize in acquiring assets in two primary regions and they are the Gulf Coast and the Gulf of Mexico.

The expertise of Talos Energy is enhanced by their significant usage of three-dimensional seismic data that allows them to accurately map the acreage under their control. This happens to be state-of-the-art technology that their world-class staff utilizes to optimize their drilling inventory.

https://www.facebook.com/talos.energy/

Talos Energy and Partners Becomes the First Private Company to Drill Oil in Mexican Water

Mexico for the first time now has an offshore oil sunk by a private company. That is a rare happening for the fact that for over 80 years now, the country has never had a private corporation explore this natural resource. That was a move by the country to have foreign competitors back to the energy market.

The drilling exercise started on May 21st by a joint venture comprising of London’s Premier Oil Plc, Houston based Talos Energy LLC, and Mexico’s owned Sierra Oil & Gas. The well, dubbed Zama-1 is located in Sureste Basin, which is near the state of Tabasco, and has up to 500 million barrels of crude, as recorded in a statement by Premier Oil Plc.

According to Premier, the drilling will cost the trio up to $16 million for the duration it will take them to complete.

In a statement, Elaine Reynolds who is an analyst at London’s Edison Investment Research Ltd expressed that this would be the first ever non-Pemex well to be drilled in Mexican waters after the dispensation of the Mexican energy reform process.

Elaine added that the industry would keenly watch the process. She nonetheless says that given the structure of the basin, the project is more likely to be a success about Talos Energy.

Talos Energy LLC is a Houston, Texas based oil and gas company that was founded in 2012. Since its inception, Talos Energy has been involved in the exploration, development, and production of oil and natural gas. The company’s location of operation is Gulf Coast and the Gulf of Mexico.

At the helm of the company’s management is Mr. Timothy S. Duncan, the chief executive officer and president. Mr. Timothy is assisted by Mr. Michael Harding II who is the chief financial officer and doubles up as the senior vice president.

Mr. Stephen E. Heitzman, Mr. William S. Moss III, Mr. John A. Parker is the Chief Operating Officer and Executive Vice President, Senior Vice President and General Counsel, and Executive Vice President of Exploration respectively.

https://www.crunchbase.com/organization/talos-energy

Andrew Rolfe – Ubuntu Fund

Andrew Rolfe Roles in Ubuntu Education Fund

 

 

Last year, after Jacob Leif had spoken on A World Economic Forum held In Davos, he realized that he had been underachieving. Jacob Leif is the founder of the Ubuntu Education fund. The Ubuntu Education Fund is a non-profit organization that raises money to help children from low-income families in Port Elizabeth, South Africa.

 

After that day, Leif realized that he was barely impacting the lives of those children even when money was flowing. All this was because donors came with restrictions. Some would donate only to give a restriction that the money can only be used on a certain program. Others would donate on the condition that they would serve on the board of directors. Of course, this would have been an advantage if they have the relevant experience. However, with no experience, they were only leading the fall down.

 

He commented that the foundation had lost focus once it begun cultivating for wealthy donors. This donors would come with their restrictions. Some would say that they would only fund a project for a year and that the next year, the foundation would need to reapply while others insisted that their names be on the building or scholarships they gave.

 

Lief decided that they would no longer be accepting grants from donors that placed restrictions. Today, under the leadership of Andrew Rolfe, the fund is doing more than it ever did before. Even if they are not getting as much money, the money that is obtained is more impactful.

 

About Andrew Rolfe

Andrew Rolfe is the Ubuntu Education Fund’s chairman of the board of directors. He has been in this position for the last one decade. He has been instrumental in the strategic direction of the foundation. Today, under his government, the fund was nothing like it used to be. The organization now has a stately facility with classrooms, a clinic, offices and a well-manicured garden.

 

Andrew Rolfe is in charge of supervising the provision of basic needs to the undeserved living in Port Elizabeth.

Andrew Rolfe, Personally Invested Chairman of Ubuntu Education Fund

In 1999, starting out small, Jacob Lief and Malizole “Banks” Gwaxula formed the Ubuntu Education Fund with the idea of giving out school supplies to Banks’ school in Port Elizabeth in the Eastern Cape. They quickly realized there was more than just school supplies that were needed, there was much more. Children were dealing with hunger, HIV/AIDS, and problems at home, all of which was distracting from getting a good education. They expanded and over the next decade developed a system that not only addresses the need for school supplies, but takes care of educational and health services, and stabilizing households. Ubuntu now takes care of 400,000 people in their community and continues to address the needs of the community.

 

One of the members of the board for Ubuntu is the Chairman, Andrew Rolfe who is Senior Managing Director at TowerBrook Capital Partners L.P. located out of New York. Andrew Rolfe is not just the Chairman for Ubuntu, but supervises all of the basic needs of the students in the Port Elizabeth area. Because of Rolfe’s leadership, Ubuntu has greatly improved its fund raising efforts and the educational system. Working alongside Jacob Lief, Andrew Rolfe realized that Ubuntu Education Fund needed to go about getting funds a different way. Getting as much money as possible for the Fund turned out to be a nightmare and had a lot of red tape. Called the “Ubuntu Model” the Ubuntu Fund started to get independent family foundations and high income donors so that the money went to exactly what it was intended for. When this happened, the non-profit could finally do what it had wanted to do all along; changing children’s lives.

 

Andrew Rolfe has an M.A. from St. Edmund Hall, Oxford, an MBA from Harvard Business School and a B.A. in Philosophy, Politics, and Economics from Oxford University. His skills and knowledge as a businessman, as well as his education, makes him highly qualified to be Chairman of Ubuntu. Rolfe even has personally donated over $100,000 of his own money to Ubuntu. He is fully invested in helping Ubuntu continue its important work in helping children in Port Elizabeth, South Africa, to improve their lives dramatically.

Jacob Lief Makes Good Things Happen Through Ubuntu

 

Sometimes, what looks good on paper or makes sense form the outside financial point of view really does not make that much of a difference in the way of improving people’s lives. This is especially true when it comes to how monetary donations improve the services offered at charitable organizations. The founder and CEO (Chief Executive Officer) of the Ubuntu Education Fund, Jacob Lief, knows this for a fact from first-hand experience. In fact, he finds himself turning down donations, from time to time, with the reason being that they come attached to restrictions. Surprisingly enough, the organization he heads actually does more good with slightly less money than they did before. The difference is that in rejecting the restrictions attached to the money his hands are now untied.

Even though Jacob Lief’s particular story has a happy ending, the struggles between NPOs (Non-Profit Organizations) and their donors is still a long-standing reality. Like anyone who bankrolls a project, donors what to know that the funds they give are being used appropriately. And like anyone who spends there professional hours and days helping people, organization workers know that people do not always fall into perfect little boxes or categories. At times, these different world views can generate a conflict of interests. Even though everyone involved, from the donor to the client, just wants to the help to flow.

However, there is a middle ground where all parties can meet, be understood and do the most that is available to them. And to see this a happen, there are consultants who function as mediators between donors and organizations. Businesses like Wingo NYC bring those individuals with the cash and concern to give together with other organizations with the helping hands to get things done. In Jacob Lief’s world, these businesses are a live line and stress saver for sure.

There is not always a match between establishments and financial backers, and that is not a problem. It is actually better to build solid and strong relationships through up-front expectations. That way the operations of an organization receiving donations do not suffer down the line from conflicting egos or misunderstandings. At times, it comes down to heads of organizations, like Jacob Lief, simply saying, “No, thank you. We appreciate your offer, but it is not what we need right now.” Fortunately, this up-front deal making is becoming more prevalent in the industry of NPOs and is showing better results that traditional methods of doing business.

 

Inside The Ubuntu Model

To understand the Ubuntu Model one has to understand Ubuntu itself. For those who are not familiar, The Ubuntu Fund is a nonprofit organization based out of South Africa’s Port elizabeth Township. The group’s primary aim is to help the South African township of Port Elizabeth lift itself up out of the sorry poverty which has, in recent years, devastated the region. The group was founded by Jacob Lief who, with the help of the philanthropic group’s strategic leader, notable businessman, Andrew Rolfe (the current day chairman), who originally employed a plan very similar to most other charity organizations the world over. Seek out the wealthiest donors possible and satiate their whims until they give the go ahead to use their money in the fashion the Ubuntu Fund had originally envisioned. The problem, Mr. Lief quickly discovered, was that the wealthy donors who were brought into the fold would often make so many demands and place so many impositions upon the utilization of their funds that they might as well have not given anything at all. Effectively, many of these early donors were not actually making donations, but where rather purchasing services such as PR, promotion and attempted societal favors rather than actually just giving to the poor.

This problem was circumnavigated by the Ubuntu Model which, instead of seeking out the wealthiest individuals and families, looked to exclusively recruit only those donors who did not seek to impose restrictions upon the usage of their money. Once this new strategy was employed the effect of Ubuntu on the African community was doubled, perhaps even tripled.

From their the charity group moved in a four part campaign, firstly they built up the infrastructure needed for a sustainable and healthy community, second they would seek out community leaders for feedback on their work, next they would focus on heavily investing into the newly built up infrastructure and lastly, Ubuntu worked to employer local citizens of Port Elizabeth to find and maintain successful careers. The Ubuntu Model is just one more way of bettering the world through a commitment to values rather than “image.”