www.oilcouncil.com/ecaa [email protected]Forging Global Partnerships to Capitalise on a New Era of Oil & Gas Investment The defining event for the global oil and gas, finance and investment communities • Industry leaders discuss the dynamics and driving factors of today’s new economic and financial landscapes • Oil and gas CEOs and CFOs talk on the challenges they now face in ensuring new growth against a backdrop of market uncertainly and increased volatility and regulation • Banking experts explore the future of energy banking and its implications on oil and gas companies • A plethora of investors, capital providers and financiers tackle the big issues facing oil and gas executives: new investment strategies, capital expenditure, accessing the current public and private money markets, capital raising trends, M&A and A&D deal flow and exploration strategies • Plus special sessions focussing on private equity, the independent oil and gas markets, the future of unconventionals and Latin America Jan Stuart Global Oil Economist, Macquarie Group Ed Morse Global Head, Commodity Research, Credit Suisse Tom Petrie Vice Chairman, Bank of America–Merrill Lynch Featuring over 80 of the industry’s most influential speakers, including: Karl Kurz Managing Director, CCMP Capital John Schiller Jr Chairman and CEO, Energy XXI Luis Giusti CEO, Alange Energy Corp Oil & Gas Company Executives Register Today for only $1,395! Special Industry Delegation Discounts Also Available! Ken Hersh CEO, NGP Energy Capital Management John Moon Managing Director, Morgan Stanley Private Equity Bob Sinnott President, Kayne Anderson 26-28 October, 2010 Eventi Hotel, New York City, USA ENERGY CAPITAL ASSEMBLY AMERICAS Oil Council Lead Partners: Partners: TAYLOR-DEJONGH
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The Oil Council's Americas Assembly (Oct 26-28 Oct, 2010, New York)
Our Americas Assembly’s primary objective is to deliver insight into how the current financial, economic and investment landscapes are interlacing and interacting with our industry and the challenges and opportunities they now present to oil and gas executives.
To bring you this unique event we have joined forces with over 40 industry partners assembling an unprecedented speaker faculty that already includes senior executives from: BAML, Credit Suisse, JP Morgan Chase, Macquarie, GE Asset Management, NGP Energy Capital Management, Morgan Stanley, The World Bank / IFC, Van Eck Global, UTIMCO, Carlson Capital, Blake, Cassels & Graydon LLP, TSX, Taylor-DeJongh, Sanford Bernstein, Ammonite Resources Company, Wood Mackenzie, Shell E&P, BP, Petrobras, Schlumberger, Inter-American Development Bank, Energy XXI, Bankers Petroleum, Remora Energy, Petrosantander, Alange Energy, American Petroleum Institute, IHS CERA, Gas Rock Capital and PFC Energy, Kayne Anderson, CCMP and Accenture and Akin Gump.
Drawing from a global network of business leaders our Assembly guarantees you unparalleled access to key stakeholders and decision makers from across the oil and gas industry. Our agenda has been created and shaped by our Council Committee, Partners and Members to ensure an event of focussed content, though provoking discussion and real actionable market insight.
Topics to be debated include: new growth strategies for today’s marketplace; pioneering industry leadership; emerging CEO challenges; changing investor sentiment and investment strategies; the macroeconomic environment; the future of energy banking; current trends and price points for debt, project finance, mezzanine capital and RBL; recent M&A, A&D and IPO activity; small-cap financing; the rising influence of unconventional energy sources; the role of private capital/equity in tomorrow’s industry; independent exploration; and an investment forum on Latin America.
By attending you can share ideas, discuss key challenges and explore new opportunities face-toface in a series of engaging discussion sessions and entertaining networking activities alongside other recognised business leaders, market pioneers and industry executives.
Whether you’re a senior oil and gas executive, or an energy focussed banker, broker, accountant, economist, venture capitalist, institutional investor, private equity partner, financial advisor, analyst or service provider, interaction with our attendees at this Assembly will prove invaluable to your future business.
Furthermore our Gala Dinner on the night of October 27th ensures even more business development opportunities, as well as, a memorable night with your peers, partners and prospects.
We look forward to welcoming you to New York City in October. Space is limited so please book your place today!
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To bring you this unique eventwe have joined forceswith over 40 industry partners assembling anunprecedented speaker faculty thatalready includes seniorexecutives from: Simmons&Co,BAML,CreditSuisse,JPMorganChase,Macquarie,GEAssetManagement,NGPEnergyCapitalManagement,MorganStanley,TheWorldBank/IFC,VanEckGlobal,UTIMCO,CarlsonCapital,Blake,Cassels&GraydonLLP, TSX, Taylor-DeJongh, SanfordBernstein,AmmoniteResourcesCompany,WoodMackenzie, ShellE&P,BP,Petrobras,Schlumberger, Inter-AmericanDevelopmentBank,EnergyXXI,BankersPetroleum,Remora Energy, Petrosantander, Alange Energy, American Petroleum Institute, IHS CERA,Gas RockCapitalandPFCEnergy,KayneAnderson,CCMPandAccentureandAkinGump.
Topics to be debated include: new growth strategies for today’s marketplace; pioneering industryleadership; emerging CEO challenges; changing investor sentiment and investment strategies; themacroeconomicenvironment;thefutureofenergybanking;currenttrendsandpricepointsfordebt,projectfinance,mezzaninecapitalandRBL;recentM&A,A&DandIPOactivity;small-capfinancing;therisinginfluenceofunconventionalenergysources;theroleofprivatecapital/equityintomorrow’sindustry;independentexploration;andaninvestmentforumonLatinAmerica.
By attending you can share ideas, discuss key challenges and explore new opportunities face-to-faceinaseriesofengagingdiscussionsessionsandentertainingnetworkingactivitiesalongsideotherrecognisedbusinessleaders,marketpioneersandindustryexecutives.
Whether you’rea senior oil andgas executive, or anenergy focussedbanker, broker, accountant,economist,venturecapitalist, institutional investor,privateequitypartner,financialadvisor,analystorserviceprovider, interactionwithourattendeesat thisAssemblywill prove invaluable to your futurebusiness.
“It’svitallyimportantforacompanylikeEORInc,withthepotentialforproductiontoincreaseninefoldinfouryearsthroughlowriskin-filldrillingandCO2EOR,toshareourstoryandinvestmentopportunitieswithourpeersandleadingindustryinvestors.WewelcometheopportunitytodosoatthisimportantAssembly.”Barry Lasker, President and CEO, Enhanced Oil Resources Inc.
“TheissuesraisedanddiscussedatthisAssemblyarecrucialtoanyexecutivesunderstandingofmidcapE&Psector.”Alistair Stobie, EVP, New Ventures, Panoro Energy
“AnopportunitytodiscussandexperiencefirsthandhowthevastrangeofindependentE&Pcompaniesaddvalueforshareholdersandstakeholders”Tim Heeley, Commercial Director, Nighthawk Energy
“Longtermfinancialpartnershipshaveneverbeenmoreimportanttothesuccessofoilandgascompanies.Welookforwardtosharingourthoughtsandcontinuingtobuildtheserelationshipsatthisimportantevent”Lance Crist, Global Head, IFC Oil and Gas Investments
KeynoteM&AandA&DSession(PLENARY):“Banking the Biggest Bang for your Buck – Achieving Optimal and Sustainable Deal Value from your M&A and A&D Transactions”
MarketuncertainlyandfearsofcontagioncoupledwiththedifferingfinancialfortunesandgrowthprojectionsofOECDandnon-OECDcountrieshaveensuredtoday’sglobaleconomicpicturehasneverbeenmorecomplextounderstandandmap.Inthisspecialsessionwewelcomeacross-sectionofleadingindustryeconomiststoexplorethiscomplexlandscape,thekeyfactorsthataredrivingandshapingit,thedynamicsunderpinningitandtheramificationsthesehavefortheoilandgasindustryandcommoditypricesintheshort,mediumandlong-term.Pointsofdiscussioninclude:• What are the emerging factors influencing post-crises energy economics; new energy policy, refinery woes, resource nationalism, new
financial, trading and regulatory reforms?• The impact of sovereign debt fears, defaults and bailouts on the financial and investment communities: what are the implications for
the energy industry?• What consequences will continued volatility in currency prices have on oil and gas investment/equities?• Future supply-demand expectations/projections: is Chinese and non-OECD [demand] growth sustainable?• Future oil & gas price forecasts: will we see a $100 oil ceiling or a $100 floor, and when, if ever, will natural gas prices fully recover?
Sessionspeakersinclude:• Ed Morse, Global Head, Commodity Research, Credit Suisse• Lawrence Eagles, Global Head, Oil Research, JPMorgan Chase• Jan Stuart, Global Oil Economist, Macquarie Group• Dr Herman Franssen, Founder and President, International Energy Associates• Mark Finley, General Manager, Global Energy Markets & US Economics, BP America (awaiting final confirmation)• Silvana Tordo, Lead Energy Economist, World BankWith keynote addresses from Ed Morse and Jan Stewart
We’vegatheredanumberofseasonedveteranstoreflectonthelessonstheyhavelearnedfollowingthecrises,howtheirprioritieshavechanged,theleadershipqualitiestheyrelieduponandhowtheyareovercomingthechallengesofjugglingcorporategovernance,M&Athreats/opportunities,ensuringsustainablegrowth,retaininghumantalentandadaptingtoincreasingregulation.Pointsofdiscussioninclude:• Visionary and strategic leadership; managing and growing a world class independent in today’s markets• Pioneers? Stalwarts? Followers? What role must independents play in tomorrow’s O&G industry?• Emerging challenges for the CEO (M&A, governance, human capital, share value, increasing regulation, SEC reserves classification,
sustainable growth, debt/equity financing)
Sessionspeakersinclude:• John Schiller Jr, Chairman and CEO, Energy XXI• Steve Bell, President and CEO, Remora Energy• Randy Stilley, President and CEO, Seahawk Drilling• Luis Giusti, CEO, Alange Energy Corp• David Greer OBE, CEO, Regal PetroleumWithkeynoteaddressesfromJohnSchillerandLuisGiusti
Thelandscapeofenergybankinghasalteredsignificantlyoverthepast12months.Wewitnessedarecordnumberofoilandgasfinancings,particularlyequity,aswellas,theintroductionofnewbankingregulationandtheemergenceofnewkeyplayersinthesector.Oursessionspeakershavebeenresponsibleforleadingaswathecapitalraisingsandtransactionsacrossthesector.Hereyou’llhavetheopportunityofhearingtheircollectivethoughtsontoday’sbankingenvironment,theimpactoffinancialreform,recenttransactiontrendsanddealflow,theoutlookforIPOsandlendingcapability.Pointsofdiscussioninclude:• Exploring a new equilibrium in oil and gas debt and equity markets• How significantly have the dynamics of energy banking changed recently? Will new banking reform and oversight affect future lending
capacity? What are the implications of these for oil and gas companies?• We’re open for business! But which projects are getting financed and which are not?• Emerging trends, tools, techniques and T&Cs in oil and gas banking and financing• Examining recent IPO activity and appetite. What is the IPO outlook for 2011?
Sessionspeakersinclude:• Terry Newendorp, Chairman and CEO, Taylor-DeJongh• Tom Petrie, Vice Chairman, Bank of America–Merrill Lynch• Lance Crist, Global Head, Oil & Gas, IFC / World Bank• Andrew Moorfield, Global Head, Oil & Gas, Lloyds Banking GroupWith a keynote address from Tom Petrie
“For companies looking to acquire more information on the Canadian oil and gas market and how to access the financing and other opportunities it now presents, this Assembly is the perfect opportunity to meet and speak to key advisors like Blakes, as well as, Canadian companies who themselves are success stories of growing internationally”
LatinAmericaisincreasinglybecomingaregionofhugesignificantimportanceandinterestforoilandgascompanies,large,mediumandsmall.TodiscussthechangingdynamicsoftheregionandtheinvestmentopportunitiesitnowpresentswewelcomeaplethoraofrecognisedindustrypioneersandmarketcommentatorswhohaveworkedextensivelyacrossLatinAmericatodiscusshowtheyareovercomingkeybusinesschallengestogrowanddevelopsuccessfuloilandgascompaniesandserviceproviders.Pointsofdiscussioninclude:• Winning business strategies, the economic landscape, E&P outlook, finance availability, market dynamics, risk management, regional
challenges and new investment opportunities
Sessionspeakersinclude:• Steve Bell, President and CEO, Remora Energy• Luis Giusti, CEO, Alange Energy Corp• Theodore Helms, Executive Manager and Global Head, Investor Relations, Petrobras• Ian Gollop, Executive Vice President, Petrosantander• Jed Bailey, Managing Director, Applied Research Consulting, IHS CERA• Warren Weissman, Chief, Industries & Services Division,Inter-American Development BankWithakeynoteaddressfromSteveBell
Investorshaveenduredarollercoasterriderecentlywithoilandgasstocks.Sharepricevolatility,theBPdisasterforUSdeepwaterdrillinglegislation,explorationdisappointmentsandsharedilutionfromrightsissueshaveshiedawaymorecautiousinvestorsfromthesector.Specialistinvestorshavehoweverdeliveredmarket-leadingreturnsfromtheirenergyportfolios.We’vegatheredNorthAmerica’smostrespectedfundmanagersandinvestmentadvisorstodiscusstheirinvestmentportfolios,strategiesandcriteriasotheycantellyouwheretheyaregoingtoinvestintomorrow’soilandgasindustry!Pointsofdiscussioninclude:• Risk vs. reward: current investor appetite / sentiment towards oil and gas • Cash? Assets? Management? E, D or P? Onshore? Offshore? Conventional? Unconventional? The current criteria of energy investors
revealed• New investment strategies: long, short, commodity based, regionally based• Juniors, mid-caps, majors, NOCs: buy, sell, hold? Who will tomorrow’s winners be?• Emerging investment opportunities to look out for in 2011: companies, countries, commodities
Sessionspeakersinclude:• John D’Agostino, Owner, Dagger LLC• James Wicklund, Principal and Portfolio Manager, Carlson Capital LLC• Nick Koutsoftas, Senior Vice President, Portfolio Manager & Global Sector Leader, Commodities, GE Asset Management• Mark Warner, Senior Director, Natural Resources Investing, The University of Texas Investment Management Company (UTIMCO)• Shawn Reynolds, Senior Energy Analyst and Investment Team Leader, Van Eck Global• Antonio Barbalho, Global Head, Oil, Gas, Mining and Energy, MIGA, The World Bank• Ziad Abdelnour, President and CEO, Blackhawk PartnersWith a special address from John D’Agostino
SpecialGuestSpeakers:• G. Warfield ‘Skip’ Hobbs, Managing Partner, Ammonite Resources Company and President-Elect, American Geological Institute• Sir Alan Collins KCVO CMG, British Consul-General, New York and Director General, UKTI (USA)
Thepresenceofprivateequityhasbeensomewhatmutedinthepastyearasfundshavefocussedonmeetingcashcallsanddevelopingtheirexistingportfolios.Butwithnewcapitalinflowsandbrimmingwarcheststheirinfluencecouldbepivotalinensuringthesustainedrecoveryoftheindustrygoingforward.Todiscusstheimportanceoftheroletheywillplaywe’vegatheredanumberofrenownedprivateequityfundmanagersandexecutivesfromPEbackedoilandgascompaniestocommentontheirinvestmentstrategies,portfolios,experiences,opportunitiesandtheiroutlookforprivatecapitalgoinginto2011.Pointsofdiscussioninclude:• Stick or twist? Exploring the latest investment parameters, criteria and strategies of PE investors• Current private funding capacity and availability for start-up and small-cap companies• Learning from successful investments: best practice in deal conception, execution and value creation• How significant a role will PE investment(s) play in shaping tomorrow’s oil and gas landscape?• The outlook for energy-focused PE in 2011: market challenges and opportunities
Sessionspeakersinclude:• Ken Hersh, CEO, NGP Energy Capital Management• John Moon, Managing Director, Morgan Stanley Private Equity• Jess Larsen, President and Senior Managing Director, Katana Energy Fund • Kelly Plato, Managing Director, NGP Capital Resources Company• Bob Sinnott, President, Kayne Energy• Brian Spector, Managing Director, Structured Products, BP• Karl Kurz, Managing Director, CCMP Capital
Including special remarks from guest keynote chair Ken Hersh and a keynote address from John Moon: “Dispellingthemythsofthecostsandconsequencesofprivateequityfinancings?Whyshouldtoday’soilandgasCFOs/FDsconsidertheprivateequitymarketbeforethepublicequity/debtmarkets?Isprivatecapitalstillanalternativefinancingoptionornowthebestfinancingoption?”• John Moon, Managing Director, Morgan Stanley Private Equity
StrongandrelativelystablecommoditypriceshavehelpedunderwriterecentM&Aactivityasmanycompanieshavedisposedofnon-coreassetsandsoldoffassetstostrengthentheirbalancesheets.Inthemidstofcontinuedmarketuncertainlyandarguableassetvaluationscanweexpectanewwaveofindustryconsolidationorsimplysporadictransactions?OilandgascompanyexecutiveswhohaverecentlyleveragedtheM&AmarkettocreateshareholdervaluejoinusherealongsideleadingM&ApractitionersandadvisorstoanalyserecentM&Aactivityanddealflow,anddiscusswhatcorporatedevelopmentstrategiesaremosteffectivelyfortoday’smarkets.Pointsofdiscussioninclude:• The current M&A and A&D environment – opportunity or threat? Is it a Buyers or Sellers universe?• Evaluating recent corporate-level and asset-level deal trends, metrics, economics and valuations• The inside line: deal pricing, structuring, due diligence, and achieving optimal and sustainable value • Has M&A overtaken exploration and organic growth as the key factor in ensuring new growth?• Recent M&A and A&D case studies: who got it right, who got it wrong and why
SessionSpeakersinclude:• Alistair Stobie, EVP, New Ventures, Panoro Energy• Christopher Sheehan, Senior Vice President and Director, M&A Research, IHS Herold• Ian Fay, Founding Partner, Odin Advisors LLC• Grant Darnell, SVP, Graves & Co
Hererenownedindustryexecutiveswillexplorethekeybusinesschallengesoilandgascompaniesfaceinexploringandproducingunconventionals;discussingtheexplorationpotential/outlookofunconventionalsacrosstheAmericas;highlightingthestrengthandweaknessesofthesector’sinvestmentcaseandeconomiclandscape.Pointsofdiscussioninclude:• Supply and demand forecasts, underlying economics, new investment opportunities and market players• Price forecast implications on the industry: who wins, who loses?• Financing unconventional plays• Which unconventional holds the most (i) exploration and (ii) investment potential?• Unlocking the value in unconventional reserves: overcoming development, cost, technology, regulatory and reputational challenges
Sessionspeakersinclude:• John Felmy, Chief Economist, American Petroleum Institute• Lew Watts, Chairman, North America, Regester Larkin• Roger Diwan, Partner and Head, Financial Advisory, PFC Energy• Chris Hopkins, Vice President, Unconventional Resources, Schlumberger• Melvyn Giles, Global Theme Leader, Unconventional Gas, Shell Exploration and ProductionWith special addresses from John Felmy, Chris Hopkins and Melvyn Giles
Herewe’lldissectthecurrentcapitalraisingenvironment;emergingfinancingtrends;thefinancialtoolsandvehiclesnowavailabletoCFOs/FDs;andthedecisionmakingprocessesofCFOs/FDswhenchoosingafinancingsolution.Pointsofdiscussioninclude:• The challenges in effectively accessing, raising, securing and investing new capital in today’s markets• Choosing the right financing option, structure and partner: what must CFOs/FDs now consider?• Future outlooks and pricings for debt, RBL, project finance and mezzanine capital• Ingredients for success: what must companies demonstrate to secure funding?• Hedging and risk management strategies for today’s oil and gas climate.
Sessionspeakersinclude:• Scott Johnson, Co-Founder, Weisser, Johnson & Co. and GasRock Capital LLC • Laurent Lavigne du Cadet, Deputy CEO, Taylor-DeJongh• Scott Cochlan, Partner, Blake, Cassels & Graydon LLP• Mike Corley, President, EnRisk Partners, LLC• Senior Representative, TSXWith a guest address from Scott Johnson on capital availability and mezzanine capital
Financing and Capital Raising Session II (STREAM B)“Punching Above Your Weight – How Small-Caps and Start-Ups can Secure Market-Beating Financing”
Innovativeapproachesandspecialistfinancingareincreasinglybeingusedbysmall-capstoraisecapitalinchallengingmarketconditions.HerewewelcomeaselectionofCFOs,investorsandfinancialadvisorstodiscusshowsmall-capscanbestleveragetoday’scapitalmarketstofundthegrowthanddevelopmentoftheircompany.Pointsofdiscussioninclude:• Analysing recent small-cap capital raisings: market trends / observations / challenges• How can small-caps best raise capital today? Debt vs. equity vs. PE vs. strategic investors?• Proven strategies and best practice in raising finance for small-caps• Innovative small-cap financing: thinking outside the box to attract, bid and secure capital
Sessionspeakersinclude:• Chris McLean, President, Stonechair Capital• Art Vivar, Executive Vice President and CFO, Rangeland Energy LLC• James “JW” Vitalone, Senior Vice President, Investment Banking, Oberon Securities• Tray Black, Former CFO, Lime Rock Resources
Today’sindependentsenabletheprogressionofourindustry,breedinnovation,pioneersnewfrontiers,findanddevelopworld-classreservoirsandcreatenewmarketleadersandentrepreneurs.Recentlyhowevermanyhavesufferedsignificantcorporatesetbacks,sharepricecapitulationandhavescrambledtosecurenewequityfinancingfromtheirexistinginvestorbases.Somehoweverhavethrivedandcapitalisedontheopportunitiesrecentmarketeventshaveunearthed.Toexplorethesectoranditsoutlookwe’vegatheredsomeoftheworld’smostrespectedoilandgasanalyststoexplorecurrentmarketdynamics,valuationsandtoidentifythecompaniesbestplacedforfuturegrowth.Pointsofdiscussioninclude:• Current state of play and outlook for independent O&G companies, advisors, financiers and investors• In today’s marketplace are cash flow and quality assets king? If not what is?• Are current share prices accurately reflecting the real value of independents?• Will the recent BP GoM disaster have an impact on small-/mid-caps ability to operate deep offshore?• Separating the wheat from the chaff: who are currently the market’s best performing companies and who will potentially be the
companies of tomorrow?
SessionSpeakersInclude:• Ben Dell, Senior Energy Analyst, Sanford Bernstein• Rafi Khouri, Oil & Gas Equity Analyst, Raymond James
Plusaspecialaddressonthefutureoftheindependentoilandgasmarketsfrom:• William Transier, Chairman, CEO and President, Endeavour International Corporation(Also includes a special Speed Debating Session – short and insightful dialogue with a table of your peers and prospects where you discuss topical issues with the conclusions drawn helping to compile a snapshot of current market sentiment)
A series of quick-fire corporate introductions into pioneering companies that are innovating the market with their business strategies and operations. You’ll hear first-hand insights from the executives leading these companies as they share with you the challenges they are overcoming, how they are positioning themselves for future growth and the investment opportunities they now posses.
Sessionspeakersinclude:• Randy Stilley, President and CEO, Seahawk Drilling• Barry Lasker, President and CEO, Enhanced Oil Resources• Other Oil & Gas and Oilfield Services Companies to be confirmed soon...
Ice-breaker Drinks Reception
“Financial partnerships have never been more important to the future success of an oil and gas company. This Assembly is an excellent forum sharing thoughts and strengthening relationships amongst companies, investors and banks.”
Terry Newendorp, Chairman & CEO, Taylor-DeJongh, Inc.
Through our Assemblies and e-mediawe bring together influential executives to tackle key business challenges, champion best practice,developstrategicpartnershipsandencouragenewbusinessdevelopmentwhileshowcasingnewinvestmentopportunities.
Step 2: Enhance your registration:BookaseatatTheOilCouncilGalaDinnerWednesday27October2010JoinyourindustrycolleaguesforaneveningofvaluableconversationanddiningatTheOilCouncilGalaDinner