Hong Kong left 11:15 – 12:15 Great Debate – everything from bonds, equities,
FX and commodities
Moderator: Clive McDonnell, Head of Equity Strategy,
Standard Chartered Bank
Panelists:
? Grant Williams, Portfolio Manager & Strategy
Advisor, Vulpes Investment Management
? Peter Elston, Head of Asia Pacific Strategy and
Asset Allocation, Aberdeen Asset Management
? Chen Zhao, Managing Editor, Global Investment
Strategy, BCA Research
? Callum Henderson, Head of FX Research,
Standard Chartered Bank
Resources and geopolitics – changes over
the next decade
Panel Introduction by Parag Khanna, Senior
Fellow, Singapore Institute of International
Affairs, and author of the international bestsellers Hybrid Reality (2012), How to Run the
World (2011), and The Second World (2008).
(15 mins)
Moderator: Javier Blas, Commodities Editor,
Financial Times, Expert on resource markets,
investment and regulation, and Award-winning
journalist
Panelists:
? Parag Khanna, Senior Fellow, Singapore
Institute of International Affairs, and author of
the international best-sellers Hybrid Reality
(2012), How to Run the World (2011), and
The Second World (2008)
? Marko Papic, Chief Geopolitical Strategist,
BCA Research
Royal Dutch Shell PLC
JJ Traynor
Executive Vice President,
Investor Relations
Mart Resources
Wade Cherwayko
Chairman and CEO
Facilitated by Duke Suttikulpanich,
Director, Equities Analyst (Oil & Gas),
Standard Chartered Bank
Wade presented today in New York
Here is a recap from IV board
Mart New York Presentation
The CFO today did a presentation in New York. Not much that is new but there are a few pieces worth repeating.
l. The bank loan is not signed. It is close but still a few details.
2.The second pipeline work has already started and it is expected to be completed by end of September.
3.They have signed an oil purchase agreement with shell. The transport agreement has to go through the neighboring field. This is a jv between shoreline and the Nigerian oil firm (name passes me). This agreement has not been signed but should be or rather they expect it to be signed before the completion of the pipeline. Les than clear but this is Nigeria.
4. He also stated that they expect the new wells they would drill should have a daily production volume of 4,000 to 5,000 b/d. Seems like a lot of oil per day but there was no comment about this. No color on the projected drill schedule.
5.They are looking at bidding on several additional marginal fields but did not give a clear indication as to when these bids would be open. So it is a bit of a waiting game.
Other than the above ,the rest was routine.
If you have questions advise and I will do my best to respond. He was not clear if Wade's presentation in Paris would be available for reply. I think we may have to wait for his presentation in Hong Kong.
best SC4
Thanks SC4