Standard Bank Sets Sights on Junior Independents
South Africa's Standard Bank is looking at junior independents in Latin America and the Caribbean's energy sector to increase its client base, bank managing director and global head of energy finance Roderick Fraser told BNamericas.
"These junior independents are fueling a lot of the growth in the sector because there has been adequate capital available to them in the form of equity from the alternative investment market in London, the Toronto Venture Exchange or private equity," according to Fraser.
"We are very much geared towards junior companies that are in intensive growth mode like Gran Tierra, Petrominerales, Petrolifera and Trebol," he said.
Standard Bank, however, continues to develop relationships with larger companies such as Pan American Energy, Tecpetrol and Pluspetrol as part of the bank's strategy to increase its regional energy sector footprint, the executive said.
"We are very much driven off our relationships as opposed to transactions, so we're not all that inclined to want to do one-off transactions."
The entire interview with Fraser will be published in Perspectives the week of May 7.
Visit BNamericas to access our real-time news reports, 10-year archive, Fact File company database, and latest research reports. Click here for a Free two week trial to our Latin America Oil & Gas information service.
- Pan American Energy to Invest $1.4B in Argentina this Year (Jul 14)
- Official: Argentina To Boost Crude Oil Output To 653,000 Bpd By 2025 (May 27)
- Pan American Energy to Invest $3.4B in Argentina from 2013-2017 (Dec 28)
Company: Petrolifera Petroleum more info
- Gran Tierra to Acquire Petrolifera (Jan 18)
- Petrolifera to Start Gas Production at Brillante Well (Nov 11)
- Petrolifera Wraps Up Long Term Test in Colombia (Sep 21)
Company: Gran Tierra Energy more info
- Gran Tierra Receives 'Outperform' Rating After Revealing Exploration Plans (Jun 15)
- Gran Tierra Energy Reveals $38.6 Million Net Loss (Aug 05)
- Gran Tierra Touts Record Production in Colombia (Apr 17)