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.

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