Talo Energy is one of the leading corporations in the international oil and gas exploration sector. In 2013, the firm made a significant accomplishment by purchasing Energy Resource Technology GOM, Inc. The acquisition happened a short while after the ERT has completed conducting its Phoenix exploration that led the discovering of over 100 feet of oil in the region.
The main of operations of the oil mining company are in the Gulf Coast and the Gulf of Mexico. Talo Energy recently joined efforts with two other firms to start drilling the first offshore well that has ever been dug by a non-governmental body in the region. The Mexican government recently liberalized the countries oil and gas industry, and this has made it possible for Talo Energy to explore and extract oil from the Suretse basin
The well that the company is currently mining from is called Zama-1 is estimated to have between 100 and 500 million barrels of oil. This makes it an economically viable venture. Talo Energy currently has a 35 percent stake in the Zama wells business. Other shareholders of the enterprise are Premier Oil Plc from London and Sierra Oil. The two corporations own 25 percent and 40 percent of the venture respectively. Various analysts have offered their opinions on the economic ability of the Suretse Basin, which is the home of the Zama well. Elaine Reynolds, who serves as an analyst at Edison Investments Research Ltd, believes that the exploration of oil in the region will have a positive impact. The London-based analyst’s data shows that the project has very high chances of being successful.
The reforms that are currently being made in the Mexican oil and gas industry are likely to attract several new companies to the region. The area is predicted to be very competitive in future. The liberalization of the market will allow many foreign corporations to establish themselves on the Gulf of Mexico and the Gulf Coast. According to Charlie Sharp, who is an employee of Canaccord Genuity Ltd, the drilling of the Zama well will positively impact the oil market in Mexico.
Their Facebook Page: https://www.facebook.com/talos.energy/
Working with a non profit can be one of the most rewarding things a business person takes on in their career. However, there are certain problems and situations that are exclusive to non profits that can make the work difficult. Andrew Rolfe is a chairman on the Board of Directors for the Ubuntu Fund and he, along with leader Jacob Lief, have been focusing on crafting a model that works ahead of the different traps that contain non profits from reaching their highest levels.
When you look at the Ubuntu Education Fund you will see that Jacob Lief and Andrew Rolfe have done a great job at raising money for their non profit. The problem, however, is that these donations come with strings attached. Donors get to decide, to a degree, how their money is used by the non profit. So even if the Ubuntu Fund was raising a lot of money it doesn’t mean that they are actually able to deliver said cash to the right places in order to help the right people.
Jacob Lief was at the World economic Forum when he came to a huge and heavy realization: “The money was flowing in but we weren’t changing people’s lives.” This realization meant that both Lief and Andrew Rolfe would have to take a long look at how the Ubuntu Fund was operating. This introspection eventually led to the Ubuntu Model. The Ubuntu Model focuses on gathering donations from “high net worth individuals or family foundations who understand that highly restricted funding” — according to Jacob Lief.
The biggest issue with the Ubuntu Model is that it can be hard to find donors who don’t have strings attached to their donations. Donors like to flex their abilities and powers after giving donations in order to influence what happens with the money. Other donors are more open to seeing their money spent well by the managing fund and operation. The Ubuntu Model, revolutionized by Andrew Rolfe and Jacob Lief, is going to be a game changer for non profits around the world. If the Ubuntu Fund finds success you can bet others will follow suit.
Ubuntu Education Fund assists children that are vulnerable in South Africa’s townships of Port Elizabeth in Eastern Cape Province. Andrew Rolfe is the Chairman of the BOD for Ubuntu Education Fund. This education fund does not accept help from donors whose grants have restrictions on the expenditure of money. Ubuntu works with high net-worth family foundations and individuals to focus on establishing the best methods of supporting children to benefit from the charity.
The organization uses the Ubuntu model to provide good healthcare, education, and stability by creating plans for individual children to eradicate poverty. For non-profit organizations, getting donors to fund them with no strings attached is a difficult task. Most donors like to specify which particular program will benefit from the donation while others want to have input on the overall strategy and operations management of the organization.
Perspective of Donors and Non-profit Organizations
Donors who serve on the board of non-profit organizations have a say in the organization’s operations. This factor is beneficial especially if the donors have professional experience so that the charities can harness their expertise.
Wealthy donors have a tendency to support specific projects and setting up funds for scholarships with their names. Also, most donors make only one-year grants with non-profit organizations do that they have to keep reapplying for funding once the grant period ends. Donations that are earmarked for particular program limit the flexibility of Ubuntu to be innovative. According to Grantmakers for Effective Organizations, available funds for operating costs has increased by five percent from 2008 to 2014.
Andrew Rolfe’s Involvement with Ubuntu
Andrew Rolfe is among the donors providing exceptional leadership towards the Ubuntu Education Fund. He has wealth corporate experience that drives the goal of the organization to transform the lives of orphans and needy children. Andrew has donated over a hundred thousand dollars to the fund since 2011. Andrew believes that the children in South Africa benefit more in education when they are assured that they do not have to worry about how their learning will be funded.
It is important to hold discussions up-front between the grantees and grant makers to avoid clashes while setting expectations. According to Andrew Rolfe, potential conflicts are avoided if discussions are held early. Andrew’s goal Is to give back to children in South Africa through proper education.