CLOs on the Move

Split Pine Technologies

www.splitpinetech.com

 
Split Pine Technologies is a Tallahassee, FL-based company in the Agriculture and Mining sector.
  • Number of Employees: 25-100
  • Annual Revenue: $1-10 Million

Executives

Name Title Contact Details

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ROOSTER ENERGY

Rooster Energy Ltd. is an independent oil and gas exploration and production company headquartered in Houston, Texas. It conducts business through its wholly owned subsidiaries. Its oil and gas properties are located in the offshore waters of the Gulf of Mexico shelf in the United States adjacent to the states of Louisiana and Texas. Rooster identifies prospective oil and gas properties through acquisitions and lease sales primarily by using 3-D seismic technology. After acquiring an interest in a prospective property, Rooster evaluates the area for additional exploitive and exploratory opportunities. If the new drilling results with commercial oil and/or gas accumulations, Rooster completes the wells and begins producing the oil or gas. Because Rooster`s operations are located in the offshore Gulf of Mexico, the company installs facilities such as offshore platforms and gathering pipelines in order to produce the oil and gas and deliver it to the marketplace. Certain properties require additional drilling to fully develop the oil and gas reserves and maximize the production from a particular discovery. In order to increase its oil and gas reserves and production, Rooster continually reinvests its net operating cash flow into new or existing exploration, development, and acquisition activities. Rooster shares ownership in many of its oil and gas properties with various industry participants. Rooster currently operates the majority of its properties and resultant daily production. As operator, Rooster is generally able to maintain a greater degree of control over the timing and amount of capital expenditures on its exploration and development operations, which facilitates the management of cash flow. Rooster`s long-term strategy is to increase its oil and gas reserves and production while keeping its finding, development and operating costs low. Rooster implements this strategy through drilling exploratory and development wells from an inventory of available prospects that it has evaluated for geologic and mechanical risk and future reserve potential. Rooster`s drilling program contains some high risk/high reserve potential opportunities as well as some lower risk/lower reserve potential opportunities, in order to attempt to deliver a balanced program of reserve and production growth for our shareholders. As part of its "Cradle to Grave" strategy for building reserves, Rooster conducts, for its own account and third party operators, well intervention services, including well plug and abandonment, through its wholly owned subsidiary, Morrison Well Services, LLC, which owns 16 rig-less wireline units or spreads.

Marengo

Marengo Mining Limited is committed to developing exciting new ventures combining high quality projects with an experienced team and a proven track record. After reviewing a number of mineral opportunities globally, Marengo committed to the Yandera Copper Project, Papua New Guinea, in April 2005. At that stage the prospect comprised a granted exploration licence and two separate but non JORC compliant resource estimates. Seven years later, Yandera is one of the largest undeveloped copper projects in the Asia-Pacific region with a JORC and NI43-101 compliant resource and the completion of feasibility for mine planning and project development due in 2013. Marengo's development partners include Chinese State Owned Enterprise, China Nonferrous Metal Industry's Foreign Engineering and Construction Pty Ltd (NFC) as well as Kumul Mining Holding Ltd (KMHL) (fomerly Petromin PNG Holding Limited), an independent company created by the State of Papua New Guinea to hold the State's mining and mineral exploration assets and to maximise indigenous ownership and revenue gains in the minerals sector. From the beginning Marengo committed to the health, safety and employment opportunities for the people of the Yandera region, Madang province and the country of Papua New Guinea. We are proud to be the leading employer in our region, to have a majority PNG national workforce and to continue to have a positive impact on the lives of the people. The Company believes that the efforts put into community affairs has created a strong bond between Marengo and our communities.