Category Archives: Investment

Home / Investment
3 Posts

Environmental Clean Technologies Limited began a major project in December of 2016.This project involved performing research and development in India which is where the main base of the project would project benefits. ECT is an operations set in Melbourne Australia and they have partnered with Equities first Holdings to utilize their shareholder financing program.EFH gladly assisted with this endeavor as to it was for a great cause and a great opportunity to utilize the company’s innovations and concentrated management team. The funding which EFH helped ECT with was $30 million to aid in the very important well sought-after understandings of emerging energy and minerals technologies.

This project held such a promise to Equities First Holdings that they relocated this office to Melbourne Australia one month earlier in November of 2016.The Melbourne-based company also trains in engineering and commercialization of leading-edge coal benefaction and iron making technologies. Today these types of developments are pertinent to the growth and healthy environment of this world. EFH is not only interested in share holding but also in assisting with making great changes in this world.

Stone Energy chief executive outlined that the company is committed adding value to shareholders investment through dedication to work. The company aims to direct more investments in sea drilling to improve the potential for more cash flow into the company. Exploration at Mt. Providence Well and Derbio Well are some of the recent of expeditions by Stone Energy Corporation as it aims to improve its valuation in future. The net income for the company was $ 17.1 million for the quarter ending on December 2017. The average production was about 17.6 thousand barrel, which was efficient despite challenges to Hurricane Nate. The company also continued with production effectively despite a shutdown of one its platforms, which underwent replacement of the compressor engine.

Talos Energy Merges with Stone

The two companies completed the merger in November 2017 after the approval by the Board of Directors from the two sides to create a single entity as Talos Energy Inc. The stock of drilling and exploration company will trade under the symbol of TALO on the NYSE.

Expenses

According to the results, transport, processing and other related costs for 2017 was $ 11 million. The depreciation expenses, as well as the amortization, had $133.8 million. The salaries and other general expenses for 2017 were $54.7 million a reduction by 2.55% from 2016, which stood at $58.9 million. Salaries expenses for the year also included restructuring costs pertaining to the reduction of employees in 2017. The net derivative costs rose in 2017 as compared to 2016 from $0.8 million to $15.20 million. The rise was due to Stones’ policy settling on the 2017-2019 commodity derivatives as a cash flow in 2017.

Company Liquidity and other Operations

One of the prospects of the company is the Derbio Deep Water Well, which the company hopes the project will be a success. Rampart Well portrays huge potential for over 107 feet rich in natural gas. Mt. Providence Well is another project providing the company with 153 net feet oil pays. The company has about $263.5 million cash at hand and a line of credit of $87.4 million. It has $ 18.7 million saved in company’s restrictive accounts for use in future operations. At end of 2017, the outstanding debt for Stone Energy was $235.9.

Peter Briger On Forbes and His Position At Fortress Investment Group

The Co-Chairman of the Board of Directors at Fortress Investment Group LLC in San Francisco, California, is Peter Briger. He is listed as one of Forbes Top 400 experienced business persons. His duties at Fortress Investment Group LLC included being in charge of the company’s Credit fund business. Fortress Investment Group LLC is an investment management company.

Peter Briger began working at Fortress Investment Group LLC in 2002 as part of the Management Committee. Fortress Credit Business was created by Pete Briger. The company is focused on underrated resources and discombobulated and credit assets that are illiquid. In 2006 Peter Briger joined the Board of Directors at Fortress Investment Group LLC.

Peter Briger’s Other Leadership Roles And Qualifications

Peter Briger serves on the Board of Directors for many companies including the Central Park Conservancy, the Hospital for Special Surgery, the Princeton University Investment Company, and the Global Fund for Children. He serves on the Board of Directors at the Central Park Conservancy and supervises Central Park in New York City. These companies are non-profit businesses.

Over 600 million dollars have been invested by Peter Briger in Central Park since the Central Park Conservancy was founded in 1980. Companies worldwide have enhanced their abilities to help children who are at-risk in many parts of the world.

Before he began his career at Fortress Investment Group LLC, spanning 15 years, Peter Briger worked at Golden Sachs. He was involved in investing overseas, which included the Asian exchange (market). During his career at Golden Sachs Company, he filled many roles in leadership. His leadership roles included handling distressed liability in the Asian market, investment opportunities in Asia, trading, loan sales, and real estate in Asia. Peter Briger was a member of the Global Control and Compliance Committee, the Asian Management Committee and the Japan Executive Committee. In 1996, he became a partner with Goldman Sachs.

Peter Briger worked as a U.S. Treasury Official during the administrations of Lyndon B. Johnson and John F. Kennedy. He was an Advisor to the International Finance Corporation debt issues that were in distress. Peter Briger was a member of the CompuCredit Corporation Board of Directors. He is now a member of the Council on Foreign Relations which is an independent company that helps officials of the government, citizens and experienced people to have an understanding of overseas policy affairs.

What Is Peter Briger’s Educational Background?

Peter Briger graduated from Princeton University, where he received a B.A. degree. He attended the Wharton School of Business at the University of Pennsylvania and received his Masters in Business Administration.

Fortress Investment Group LLC, founded in 1988. They employ over 1,000 employees and are a privately held organization. They specialize in Credit Funds, Traditional Asset, Private Equity Funds, and Liquid Market Funds. They are a global investment company that is extremely diversified and a leader in their field. As of September 30, 2017, they oversee and administer global investments that are diversified with over 36.1 billion dollars of capital.

To Read More Click Here