Glopac on the Frontiers of African Petroleum days, Jarch Capital's Phillipe Heilberg banked in South Sudan's quick to capitalise on the independence of the newly acquired assets. By Andrea Bohnstedt.
Bullish on the self -
He is a presentation that raised some eyebrows in the audience always good to do business in a difficult environment: Phillipe Heilberg have been invited to speak about investment opportunities in Sudan in the South African Petroleum Frontiers event organized by Global Pacific and Partners on 27 May 2009 in London . Capital is Jarch, Philippe Heilberg explains, companies that focus on natural resources - and investment in countries in which he anticipates' regime change '. He expects South Sudan to become independent in five years at least, may already have in the next two years, both as a result of voting to secede in a referendum scheduled for 2011, or through a unilateral declaration of independence. His prediction is international recognition, led by the United States, will follow quickly.
Thus, about her company's assets in this area will quickly gain value: According to Heilberg, Jarch has taken 50 years to lease 400,000 hectares in the United States - a major deal that was made in early 2009. Jarch also earned 70% stake in the LEAC, a company owned by Gabriel Matip, the eldest son of General Paulino Matip Nhial, now the Deputy Commander-in-Chief of the Sudan People's Liberation Army (SPLA) and the former head of South Sudan Defense Force ( SSDF). The latter is also a member of the local advisory council Jarch. Before joining the SPLA, Matip has struggled against the SPLA and the current regime.
Try and Tested Model?
The high price of food has triggered update on investment opportunities in commercial agriculture, and for all the infrastructure and political challenges, South Sudan has the potential for large-scale agricultural production. However, Heilberg not go into the specifics of the plans for investment in agriculture, adding that only companies that see the mineral prospects. Agriculture is not possible to end - or even between Jarch interest (and this will be a strange topic for the conference oil really). Heilberg mentioned that in the second stage, Jarch akan focus on hydrocarbons, but it will be the true motivation. South has managed to gain exemption from U.S. sanctions against Sudan for sectors such as agriculture and mining, but not for the hydrocarbons, thus claiming a pole in the hydrocarbons sector may require some acrobatics. In addition, while the U.S. Jarch Capital is a company, its subsidiaries, Jarch Management, is registered outside the U.S., making it easier to circumvent such restrictions.
Jarch's approach evokes the White Nile, an oil exploration company that have a strong foothold in the first B block license for Total, thanks to the company's relationship with former SPLA leader and first president of South Sudan, John Garang. According to the CPA, a license that can be discussed there, but not only are removed. The south side of the government's Total has been argued that their rights have been released because they were not active, while the claimed Total Force Majeure. In fact, had been placed Jarch claim to the same block, only to then nudged out by White Nile - and also lost a stake in it. Immediately after the Comprehensive Peace Agreement (CPA), White Nile-backer John Garang died in a helicopter crash, and today, after the long wrangles, the new block is operated by a consortium of Total readmits and include both in the north and south of the oil companies , and other foreign investors. Minister of State Mining and Energy Angelina Teny how Jany himself regretted White Nile cases have been developed since throws doubt on the enforceability contract. White Nile's example shows how fragile investment is supported by relationships with key figures in the local environment can be like South Sudan. In the case Heilberg, business partners such as Matip May was a gamble, given the history of fighting with the SPLA.
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