Canoel International Energy Presentation - November 2013
Speaker: Andrea Catteneo
CEO, Canoel International Energy
About Andrea Catteneo
Andrea is the Chief Executive Office of Canoel International Energy. Andrea is a resource focused specialist in emerging markets with 30+ years' experience including
being involved in 1986 with the first loan to Vietnam after the war. Andrea is also a Member of the Business Advisory Council – Greater Tumen Initiative, an United Nations
Development Programme sponsored organisation covering Russia, China, the two Koreas and Mongolia.
About Canoel International Energy
www.canoelenergy.com
Canoel offers exposure to a what is a relatively unique business model for a junior Canadian resource company. Canoel looks to acquire small or distressed assets with proven/producing reserves that are too small for the majors to consider. It then seeks to substantially enhance their value with minimal exploration or capital.
Supporting this strategy, Canoel boasts a senior board from the Italian energy sector that provides extensive business and governmental international exposure.
To date it has completed two transactions demonstrating the strategy. The first, the acquisition of a small producing oil field in Argentina. The second, a series of gas projects in Italy.
With resource markets now appearing to have bottomed, Canoel is revitalising itself. It has successfully put its new Italian gas assets into production. A series of expansion projects worth C$7m are now proposed offering paybacks between 1.5-3 years. Further projects are in the offering in Libya and Africa. And it has now completed a 1:10 share consolidation in preparation for raising funds.