22 reasons why Jagercor will succeed 22 reasons why Jagercor will succeed under the guidance of Bullrich, Russo, and Antonius in Argentina
When it comes to raising serious money, look no further than Matias Bullrich and his lengthy career starting with Morgan Stanley:
1) In 1999, Matias Bullrich on behalf of Morgan Stanley engineered the largest financing of an Argentine oil company with the issuance of long term debt, for $500 million and $700 million, with Perez Companc, the largest non-government controlled oil company in Argentina at the time.
2) Morgan Stanley was for a long time pitching the advantages of this type of financing. Perez C finally accepted the arguments presented. When Argentina went through its banking crisis in December 2001, the absence of short term maturities was one of the key elements in helping Perez C through the crisis.
3) In May 2002, Brazil's Petrobas bought Perez C for approximately $2 billion.
4) In addition to his work in finance, Mr. Bullrich, after obtaining the approval of the Central Bank of Uruguay, took over and restructured Banco Surinvest in Uruguay, where he brought Banque Heritage in as a partner to the transaction.
5) Additionally, he founded Samba, a real estate developer which has completed in excess of 200 thousand square feet of luxury apartments at a prominent beach location in Buenos Aires, Argentina.
6) He participated in new issues (with Morgan Stanley) both for the U.S. and emerging markets exceeding $30 billion.
7) Recently he was involved in the structuring of significant financings in the Argentina oil industry and has developed relationships with several teams of local operating experts including Edgardo Russo.
Edgardo Russo may be the most qualified man in Argentina to run Jagercor:
8) 20 years of experience in the oil and gas industry in Argentina, mainly in YPF SA (largest integrated oil company in Argentina), and most recently working as Field Development manager for Baker Hughes.
9) General Manager of YPF SP, leading more than 500 employees in operating 15 Rigs.
10) Duties included operation, safety, engineering, purchasing and finance, as well as reporting to the board of directors of YPF SA.
11) Operations Manager, responsible for Loma La Lata production area (Vaca Muerta shale reservoir).
12) The area includes 250 Producing wells (18Mn3/d net gas and 13 kbbl/d net oil).
13) He assessed conventional and unconventional reservoirs that finally recognized the productive potential of the Vaca Muerta Shale.
14) At the same time he started the massive development of Tight Gas in Sierra Barrosa.
15) In 2004 he was Field Manager responsible for production at Rincon de Los Sauces, Neuquen.
16) In Q1, 2006 there were 200 producing wells (12000 bbl/d net oil and 1000 km3/d net gas).
17) Based on Russo’s earlier production record, it’s no wonder Carlos Slim and George Soros recently invested so heavily in YPR (Slim 33 Mil shares and Soros 3.9 mil shares).
18) Shell thinks that Argentina will need $300 billion to develop Vaca Muerta in a six-year period that would make the country oil sufficient starting in 2020 and will keep producing for as many as 40 years.
19) Chevron anticipates investing as much as US$16 Billion on their joint venture with YPF and will announce this within 30 days.
20) Jagercor will benefit from Russo’s expertise in labor relations management, detailed knowledge of Argentina's oil basins, and a full book of relationships throughout the industry in Argentina and all of Latin America
21) Bullrich's strong ties to Wall Street and Russo’s remarkable track record in Argentina ensure additional influential management positions will be forthcoming.
Karl Antonius will continue assisting Jagercor in its expansion:
22) He served as President and CEO of Mandalay Resources from January 2006 to May 2008 and as a director until June 2009. Mandalay boasts a present market cap of $314 million.