Havoc Partners LLP currently hold investments in resource focused activities in Africa North America and Australia. Details of the partners existing principal investments are provided below. Thus far the partnership and its antecedent’s have been self-funded.
CANADA, CALIMA ENERGY
In 2017 Havoc identified an opportunity to extend the wet gas play fairway in Canada’s prolific Montney Formation. After an initial equity investment into TMK Montney Limited (TMK) via Havoc’s wholly owned subsidiary Calima Energy Jersey Limited (Calima) Havoc then negotiated a farmin agreement to create a JV between TMK and Calima. Havoc then sold Calima to ASX listed Azonto Petroleum. As part of the transaction the Havoc team agreed to provide management services to the company which was renamed as Calima Energy Limited (ASX:CE1).
Calima owns and operates over 61,000 acres of drilling and production rights for the Montney Formation in British Columbia. The company proved up the extension to the Montney wet gas play fairway by drilling one vertical and two horizontal wells. Based on these drilling results the Company was able to report that it had ~192 mmboe of 2C Contingent Resources including ~53 mmboe as “development pending” and the balance as “development on hold”. This total included 44.4 mmbbl of associated liquids. In addition, the Calima Montney assets have been estimated to hold 1.7 tcf and 84 mmbbl (condensate and natural gas liquids) of Prospective Resources.
Calima also acquired a network of pipelines and compression facilities with capacity to transfer up to 50 mmcf/d of wet gas and 1,500 bbl/d of wellhead condensate through to the North River Midstream sales line, providing access to the Canadian and US markets to AECO, Alliance and T-North/Station 2. The facilities are in excellent condition with a replacement cost estimated at A$85 mm. Approval to construct and operate a multi-well production facility has also been granted by the British Columbia Oil and Gas Commission, which includes a permit to construct a pipeline to connect the Calima well-pad with regional pipeline and processing infrastructure.
In recent years Canadian gas prices have been depressed and it has been difficult to justify the development of these resources, but the landscape is changing. With the ongoing construction of Canada LNG, the Montney is a strategic area for gas. There are a further two potential LNG export facilities at Kitimat with Chevron and Woodfibre proposed on the East Coast.
In 2021 Calima acquired a private Canadian company called Blackspur. At the time of the transaction Blackspur produced c 2,500 boepd. Calima plans to grow that production in the short term to c. 5,000 boepd and will then evaluate its options to develop the Montney play.
NAMIBIA, HARMATTAN ENERGY
Harmattan Energy Ltd, a wholly owned subsidiary of Havoc Partners LLP. Harmattan has entered into a Petroleum Agreement for offshore Block 2813B covering an area of 5,433 sqkm in the Orange River Basin of Namibia. The contract, which was awarded pursuant to a direct application to the Government, has an initial investment term of four years.
Harmattan holds a 14% equity position in the project.
COMOROS, BAHARI RESOURCES
Havoc Partners was a seed capital investor in and technical advisor to Bahari Resources Limited a private Channel Islands registered company with oil and gas interests offshore the Comoros Islands. Bahari owned 40% of a Production Sharing Contract covering c. 18,000 km2 (Blocks 35, 36 and 37) which is outboard of and on trend with Rovuma Offshore Areas 1 and 4, in Mozambique. Areas 1 and 4 are operated respectively by Total and Eni SpA and are approaching a combined 175 TCF in place of gas discoveries. Seismic (2D and 3D) acquired by Bahari and its partners indicates the extension of Rovuma basin floor fans continuing into the Comoros PSC licence area.
In 2018 Bahari sold its 40% interest to its JV partner Discover Exploration Limited in exchange for 5% of the enlarged share capital of Discover. Discover is a private equity backed E&P company financed by Carlyle International Energy Partners, a $2.5 billion fund associated with the Carlyle Group. Discovery holds a diverse and substantial portfolio of quality hydrocarbon acreage around the world.
TANZANIA, HELIUM ONE
In 2015 Havoc Partners was an early seed capital investor and provided technical and advisory services to Helium One Ltd, a privately owned company focused on the exploration and development of potentially globally significant Helium gas resources in Tanzania. Helium One has established a significant acreage position in the Rukwa area, with additional positions in Balangida and Eyasi. All three areas contain sampled natural helium seeps.
In 2020 the company changed its name to Helium One Global and secured a listing on the London Stock Exchange (AiM:HE1).
AUSTRALIA, CARBON X AUSTRALIA LTD
Havoc Partners is a seed capital investor in and technical advisor to Carbon X Australia Pty Ltd a private company established in 2021 to develop carbon sequestration projects in Australia and the Asia Pacific region.
TUNISIA, ANGLO TUNISIAN OIL & GAS LIMITIED
Since 2020 Havoc Partners has provided technical advisory services to Anglo Tunisian Oil & Gas Limited (ATOG) a private UK company that owns a portfolio of production and exploration interests in Tunisia.
DEMOCRATIC REPUBLIC OF CONGO, CENTRALE OIL & GAS
Havoc Partners through its wholly owned subsidiary Harmattan Energy Ltd has entered into a Technical Services Agreement with Centrale Oil & Gas which is privately owned company with interests in Cuvette Centrale Basin of the Democratic Republic of Congo. The Cuvette Centrale (or Congo Basin) is one of the world’s largest onshore sedimentary basins. It covers an area equivalent to 40% of the lower 48 states of the USA and yet only four exploration wells have been drilled. The Centrale license interests cover an area of 146,000 sq km. Havoc has designed a work programme using the latest in remote sensing and airborne multi-sensor technology to give new insights into this unexplored frontier.
The Technical Services Agreement gives Havoc an economic interest in the project subject to the satisfaction of some performance targets
WESTERN SAHARA, HANNO RESOURCES
Hanno Resources Limited is a private company that was established by Jonathan Taylor and Alan Stein in 2006 to complete an evaluation of the mineral resources of the Saharawi Arab Democratic Republic (SADR), commonly referred to as Western Sahara, under a Technical Co-operation Agreement. Following presentation of the results of this study, Hanno subsequently fulfilled work programmes in 7 mining licences; undertaking detailed mapping and sampling programmes. This work has resulted in definition of the notable Oum Abana Greenstone Belt (Au) and the Elmalhat Anorthosite Complex (Ni-Cu-Au,Cr-PGM, Fe-Ti-V). Hanno is continuing its work in both areas to determine the potential for commercial deposits.