BizBahrain Magazine Nov-Dec 2017

Interview | Licorne Energy
Irina Duisimbekova
President & Founder of Licorne Energy
Omar Minhaj
President & Founder of Flamingo Oil
with very low profit 3-5% per year.
Some of our GCC private investors
were looking for a scheme where they
can have a quick return and cash
available in order to reinvest and
increase their investment portfolio.
OMAR : GCC investors can have
exposure to US onshore oil & gas via
partiipations in the royalties and direct
drilling participations with Flamingo Oil,
investors can diversify the portfoilio via
drilling multiple wells targeting different
reservoirs with established type curves
in the basin. US onshore offers stable
investments where an investor can
particpate with a cash flow generating
yield approach or a 3 - 5 year build and
hold type strategy with an exit returning
a multiple on the investment.
What about Flamingo? What is the role
that you will play as partners?
OMAR: I am CEO of the company
and discuss the company and projects
future, with our investor base and new
partnerships we form with JV partners
participating on our projects. We do
quarterly reviews and yearly business
plan meetings to develop a road map and
target yearly goals.
What excites you most about the future
of Bahrain’s oil and gas and the role you
hope to play in the industry?
OMAR: Bahrain does have a
tremendous potential for Oil & gas
business and financing oil and gas
projects from Bahrain, we have met
with several investment houses and
heard very positive feedback on the
subject. Flamingo Oil is going to keep
Bahrain as a focus area in the middle
east for participation of new oil & gas
upstream projects and as well any JV
opportunities with the groups in the
Kingdom to partner up.
IRINA: First, our investment proposal
allows our GCC investor to dispose
of cash to continue sustaining their
monthly opex locally in an actual tough
industry… some of them finance their
dayly company cost in Bahrain and GCC
with the return they obtained through
our royalties model.
The oil is and exhaustible natural
ressource that will be constantly
increasing in price as the demand
and consumption on the world scale
is growing every year by 1% nearly,
equivalent to 900,000 BPD. (world is still
consuming nearly 90 Millions Bpd)
Consequently, the oil of Bahrain
will contribute more and more to local
development and re-boost the Bahraini
economy once the prices are back to
normal. We are projecting the price of oil
within two years around 60-70 dollars
per barrel.
Due to our presence in Houston and
in the Gulf, we have also a wild range
of US Texas based companies willing
to come, to invest and to operate into
the GCC and because of my personal
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