Four added nominees in the all-embracing class of the Ernst Young Entrepreneur of the Year Award, in affiliation with 'The Irish Times', Enterprise Ireland, InterTrade Ireland and Newstalk, are profiled today.
JOHN CRAVEN is CEO of Cove Energy plc (Cove), a Dublin-based aggregation complex in joint-venture oil and gas analysis with a specific focus on the arising basins of East Africa.
Cove was accustomed in 2009 if Craven, and a accumulation of agreeing investors, took ascendancy of a listed mining “shell” and implemented a new action to actualize amount through accepting oil and gas analysis and appraisement assets in geologically able areas.
A admired petroleum geologist, Craven had ahead founded Petroceltic All-embracing plc and he set a action for Cove to be an opportunity-driven business that targeted assets in areas area beyond oil companies were not yet alive or had disregarded opportunities, decidedly absorption on capturing amount through analysis and appraisal.
Cove began by entering into a collective adventure in Mozambique area it accomplished and articular the better gas acreage to be apparent common in the accomplished 10 years. Plans are accepted to body ample plants to address the gas away in its liquefied, accustomed form.
In accession to its two abstracted gas analysis areas in Mozambique, the aggregation holds about 10.5 actor acreage of deepwater analysis interests off the bank of Kenya, area able 3D seismic after-effects accept been produced and two wells are planned for Q1 2013, as able-bodied as the Mnazi Bay Gas Acreage in Tanzania which is currently beneath auction to Wentworth Resources.
To armamentarium the cogent conduct and seismic costs complex in such high-risk and cher endeavours, Cove has aloft about 180 actor from accessible markets over the accomplished three years, and today holds a bazaar cap of some 1.4 billion – added than eight times the basic invested.
In befitting with the company’s strategy, the lath of admiral put Cove up for auction beforehand this year and offers of up to 2.40 per allotment from Shell and the National Oil Aggregation of Thailand are getting considered.
The accumulation currently has no debt. It has complete banknote affluence of 60 actor and is assured that it is absolutely adjourned for analysis and appraisement programmes into 2013.
Whilst the all-around bread-and-butter ambiance is assuredly challenging, Cove’s acknowledged disinterestedness placings throughout 2009 and 2010 and debt-free cachet ensured the close maintained a able antithesis area into 2012. Going forward, Cove intends to complete the auction action which started at the alpha of the year, but until this time it is business as usual.
Comprising three audible divisions, Oxygen8 was accustomed in 2000 to advance specific adaptable casework that accredit businesses to drive new acquirement streams, advance chump communication, body cast acquaintance and access chump loyalty.
Oxygen8 Corporate Solutions offers a ambit of avant-garde and activating adaptable solutions casework that affix corporations with their barter through automatic multi-channel communications such as messaging, e-mail, voice, amusing networking, and added adaptable media.
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The accouterment of a ample ambit of adaptable casework enables audience to absolutely embrace and absorb adaptable solutions into their all-embracing business strategy, and, as a all-around business, Oxygen8 has the infrastructure, abstruse abilities and assets to yield new articles and casework to bazaar bound and easily.
Clients cover a ample ambit of adaptable networks, media groups, banks, business agencies and account companies. Centralised technical, artefact development and business teams abutment bounded bartering sales and chump abutment teams aural the accumulation to ensure best levels of chump account and all-around delivery.
The company’s about-face in 2011 was 75 actor – a 22 per cent access in advance for 2010. The aggregation aims to abound added than 20 per cent year-on-year and is on ambition to beat 90million about-face for year-end, May 2012.
Oxygen8 currently employs added than 200 humans in offices in Dublin, London, Birmingham, Australia, Canada, Caribbean, Kenya, the Philippines, South Africa, Tanzania and the US. The close hopes to accessible offices in South America and South East Asia after this year.
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