Oil and Gas in Plain Terms
How an oil field makes money, and where our opening is.
Years and large sums spent searching. Most of the industry's risk sits here — the search often finds nothing.
Wells are drilled and equipment installed. A construction project with a known target.
Oil is pumped, piped to a coastal terminal and sold at the world price. Gas follows once a buyer is signed.
Revenue pays operating costs and government taxes first. What remains belongs to the field's owners, in an agreed order.
The oil in our first opportunity has already been found; the pipeline and terminal already exist a short distance away. That removes the most expensive risk in the business and shortens the path to creating profit.
Below a Major's Threshold
The same field, seen from three positions.
Capital concentrates on billion-dollar scale. Smaller assets fall below portfolio thresholds regardless of their own merit.
Proven production, reserves and infrastructure reduce uncertainty. Focused investment can extend productive life.
Government revenue, local jobs and suppliers, useful infrastructure, and more value from resources already discovered.
A field can be immaterial to a major and still be economically meaningful to a focused owner and a host country.
Development Model
Known resource. Defined work. A path to production — with funding gates between each stage.
Confirm the resource, asset rights, field data and development basis.
Work program, budget, approvals, financing and infrastructure agreements.
Fund wells, workovers, facilities, flowlines and production connections.
Commission the asset, stabilize volumes and report operating performance.
The model begins with a discovered resource or production history, not frontier exploration. Funding advances only against documented rights, approvals, field work and operating readiness.
How We Intend to Participate
African leadership, operators and communities as partners in ownership.
The mission tells us where to look. Independent technical, commercial and legal evidence tells us where the money goes.
African leaders, licence holders and operators sit inside the partnership and share in the decisions.
Investors, sponsors and operators share one transparent set of economics.
Communities around an asset receive a defined share of the profits it creates.
Every party at the table, including the community, has a written share of the outcome. Nobody depends on goodwill.
The Team
Senior capability across resource, development, operations, commercial strategy, legal affairs and African energy relationships.
28 years across exploration, development and production. Leads strategy and partner negotiations.
34 years in development, major projects and production operations across onshore and deepwater assets.
34 years in exploration, resource assessment and field development. Leads subsurface and resource review.
40 years of global experience, including more than 30 years in oil, gas and commercial strategy.
36 years as general counsel and adviser on complex energy transactions.
37 years of global experience. Former CEO of Abu Dhabi National Oil Company Onshore.
These are individual career credentials. Unite's operating record begins with the first investment.
Capital Structure
Investor and sponsor equity
Planned; final terms depend on the selected asset
$15M per well
Connections, processing, upgrades
Diligence, financing
Operating readiness
Development totals $60M ($45M wells + $15M facilities). With $4M transaction work and $11M working capital, both views total $75M.
Reference Project Economics
A 10 MMBO redevelopment case provides a reference.
per barrel, modeled
months, modeled
at $80 oil, 10% discount rate
years, modeled
Current Assumptions and Prior-Model Returns
A $75 million operation at $80 per barrel — conservative case.
The plan targets first oil at month 24 and investor distributions from Year 5, after lender repayment.
Mitigating the Risks
What can go wrong, and the protection written into the plan for each.
No risk on this list is ignored or assumed away. Each one has a specific protection written into the plan.
What the Fund Invests In
Community-selected priorities, paid from the same profits.
The Fund is paid from the same profits investors are paid from. When the field does well, the community does well alongside you.
