Impact Investment
Vehicle Focused on
a Cleaner Future

 

 

Impact Investment Vehicle Focused on a Cleaner Future

 

 

Investors Are Driving Change

Acknowledging the urgency for climate action

Expressing intention through ESG policies and public statements

Investing in companies with high performing ESG programs

Starting to exclude selected activities within fossil fuels

Driving corporate alignment to the Paris Climate Agreement goals

Investors Are
Driving Change

  • Acknowledging the urgency for climate action
  • Expressing intention through ESG policies and public statements
  • Investing in companies with high performing ESG programs 
  • Starting to exclude selected activities within fossil fuels 
  • Driving corporate alignment to the Paris Climate Agreement goals

Transition Pathway to a Cleaner Future

White Natural Hydrogen has an incredible potential for decarbonizing the economy.

Technology Enhanced Transition (TET) will deliver profitable, clean, customized solutions in oil by adapting disruptive environmentally friendly technologies to face the challenges raised by white natural hydrogen production

Transition Pathway
to a Cleaner Future

White Natural Hydrogen has an incredible potential for decarbonizing the economy.

Technology Enhanced Transition (TET) will deliver profitable, clean, customized solutions in oil by adapting disruptive environmentally friendly technologies to face the challenges raised by white natural hydrogen production

Why TET?

 

Why TET?

 

  • TET is the successor of TEO Plc. 
  • The ESG track record of TEO Plc. is exceptional
  • Proven cutting- edge clean processes and technologies
  • New/low risk approach to clean energy sources – clean responsible oil, White Natural Hydrogen and hydrocarbon reforming
  • Scalability and sustainability
  • Real asset backed: ownership of underlying oil well lease
  • Swift deployment of capital
  • Low-correlation to traditional asset classes – valuable risk diversification
  • Positive contribution to a carbon-neutral portfolio
  • Strong corporate governance and complete transparency and accountability
  • At the forefront of transparent reporting as TET is already compliant with aspects of SFDR (Sustainable Finance Disclosure
    Regulation). These regulations are to be adopted by UK and worldwide asset managers by December 2021
  • Highly experienced team with proven track record
  • Impact investment: part of the energy transition solution
  • TET is the successor of TEO Plc.
  • The ESG track record of TEO Plc. is exceptional
  • Proven cutting- edge clean processes and technologies
  • New/low risk approach to clean energy sources – clean responsible oil, White Natural Hydrogen and hydrocarbon reforming
  • Scalability and sustainability
  • Real asset backed: ownership of underlying oil well lease
  • Swift deployment of capital
  • Low-correlation to traditional asset classes – valuable risk diversification
  • Positive contribution to a carbon-neutral portfolio
  • Strong corporate governance and complete transparency and accountability
  • At the forefront of transparent reporting as TET is already compliant with aspects of SFDR (Sustainable Finance Disclosure
    Regulation). These regulations are to be adopted by UK and worldwide asset managers by December 2021
  • Highly experienced team with proven track record
  • Impact investment: part of the energy transition solution
Insights

Clean responsible oil will play a significant role in the global energy system for the next 30 years

White Natural Hydrogen
is key to energy transition

 

 

Clean responsible oil will play a significant role in the global energy system for the next 30 years

 

White Natural Hydrogen is key to energy transition

We Cannot Ignore These Two Facts

It is our duty to make all our activities as environmentally friendly as possible and drive the White Natural Hydrogen revolution

Change is ahead

Net-Zero Emissions Future:
The Clean Energy Revolution

Public and private sectors around the world will have to deal with today’s environmental realities and inject a sense of urgency into the energy transition.

Funding will drive large-scale innovation and will look for affordable, game-changing technologies to help global economies achieve a 100% clean energy target: net- zero emissions future.

TEO to TET

Is It Possible to Balance Returns
and Have a Positive Impact on the Environment?

YES.

We Have Proof…


A Success Story:
Technology Enhanced Oil (TEO)

Our Philosophy is to Ensure the Reduction of Carbon Footprints and Environmental Impact


Technology Enhanced Oil (TEO), TET’s predecessor, has created a new, high ESG standard in oil field management:

  •  Boosting oil production by delivering a tailor-made mix of clean, innovative and disruptive technologies for each particular well
  • Extends the life of existing vertical wells for decades, avoiding
    as far as possible new drilling by reactivating uneconomic wells
    using eco-friendly, safe and low-cost technologies
  • Preventing an imbalance in the ecosystem by recycling salt saturated water into the same geological formation
  • Our technologies have benefits beyond production increase: significant cost efficiencies over time; consistent performance; and other sustainable competitive advantages
  • Ongoing screening of new technologies

Scalability and repeatability of TEO’s technologies and processes have been demonstrated through the operations in Texas.

There has been a constant focus on economic efficiency in both reactivations and technology works from the operations team, leading to a general improvement of economics for such jobs, similar to the remarkable improvement seen in recurring LOE. The refinement in the process for targeting assets for technology works, combined with increased experience and more efficient new technologies, improved the economic and environmental performance of those jobs.

Our proven field experience in delivering innovative clean tech solutions results in increased production, profitability and capital value.

A Natural Evolution

With hundreds of new technologies available, TET’s inherited competitive advantage is a successful track-record in assessing and implementing the successful ones.

A Natural Evolution

With hundreds of new technologies available, TET’s inherited competitive advantage is a successful track-record in assessing and implementing the successful ones.

TEO has been rated as environment-investable in the same category as solar or PV or wind, by MJ Hudson, a leading environment footprint advisor.

TEO’s Impact Credentials

ENVIRONMENTAL

  • Zero flaring and zero venting policy
  • Minimal methane emissions
  • Gas captured is sold or reused for powering
  • Re-opening of existing wells avoids further drilling
  • Produces high-quality non-fuel use light crude oil
  • No fracking
  • Clean tech means no use of toxic chemicals

    SOCIAL

    • Policy for local communities
    • Zero work accidents
    • Use of 100% eco-friendly safe chemicals
    • Continuous training
    • Automatic reporting tools

    GOVERNANCE

    • Code of business conduct
    • Compliance committee
    • Vendor selection policy
    • Sustainability related policies
    • Emergency Response Protocols: energy, water, spills 

    ENVIRONMENTAL

    • Zero flaring and zero venting policy
    • Minimal methane emissions
    • Gas captured is sold or reused for powering
    • Re-opening of existing wells avoids further drilling
    • Produces high-quality non-fuel use light crude oil. 
    • No fracking
    • Clean tech means no use of toxic chemicals

      SOCIAL

      • Policy for local communities
      • Zero work accidents
      • Use of 100% eco-friendly safe chemicals
      • Continuous training
      • Automatic reporting tools

      GOVERNANCE

      • Code of business conduct
      • Compliance committee
      • Vendor selection policy
      • Sustainability related policies
      • Emergency Response Protocols: energy, water, spills 
      Unique Proposition

      With a low correlation to traditional asset classes, TET is a valuable risk diversifier. It will benefit from the proven and repeatable track record of TEO’s technologies with the additional remit, and access to specialized expertise, to implement the optimal combination of new clean technologies. TET will provide the best customized solution including responsible oil, White Natural Hydrogen and hydrocarbon reforming.

      Aiming For 100% Non-Fuel Product Transformation

      TET will continue to implement enhanced oil recovery technologies in an environmentally-friendly way to produce high-grade light crude oil.

      Using non-toxic chemicals, TET will continue to produce oil for non-fuel use, such as agri-farming, specialty lubricants and the pharmaceutical industry.

      Increasing Our Industry Footprint to Leverage Our Cleantech Expertise

      TET stands on three main pillars, which that will result in an even more efficient energy transition strategy to a cleaner future:

      Proven track record of identifying, testing and implementing disruptive clean technologies placed predecessor TEO in the renewables space

      Renewable White Natural Hydrogen produced directly from natural hydrogen reservoirs

        Transformation of uneconomic or nonproducing oil wells into sources of clean energy, by adapting them for in-situ hydrocarbon reforming into hydrogen

        TET will continue to drive the improvement of the eco responsibility, best practices and footprint of the oil and energy production industry globally.

        Strong Corporate Governance

        Complete Transparency & Accountability

        At the forefront of transparent reporting: TET is already compliant with aspects of SFDR (Sustainable Finance Disclosure Regulation) that is to be adopted by UK and global asset managers by December 2021.

        • Internalized accounting, environment, health & safety services

         

        • Proprietary IT platform to run on-demand analytics and take advantage of field data and return of experience

         

        • Publicly disclosed production data, proving the robust and sustainable increase of production of TET’s assets

         

        • Oil gas reserves are monitored and assessed quarterly by qualified
          third-party:

           www.yournextoil.com

         

        • Reduction of carbon footprint/environmental impact monitored and assessed annually by qualified third-party:
           www.esepartners.com

         

        • Financials audited by international audit firm

           www.bdo.global

         

        • TET operates the assets directly without intermediary layers

         

        • To reduce the administrative burden and provide greater clarity and audit trail reporting is centralized through the online portal

         

        • Internalized accounting, environment, health & safety services
        • Proprietary IT platform to run on-demand analytics and take advantage of field data and return of experience
        • Publicly disclosed production data, proving the robust and sustainable increase of production of TET’s assets
        • Oil gas reserves are monitored and assessed quarterly by qualified third-party: www.yournextoil.com
        • Reduction of carbon footprint/environmental impact monitored and assessed annually by qualified third party: www.esepartners.com
        • Financials audited by international audit firm www.bdo.global
        • TET operates the assets directly without intermediary layers
        • To reduce the administrative burden and provide greater clarity and audit trail reporting is centralized through the online portal

        Reporting

        On Demand

        Management and data room via website that provides information on existing investments and due diligence reports

        Ad Hoc
        • Press Releases
        • Publishing on SGX Portal
        • Complement to Offering Circular
        Quarterly
        • Business review
        • Board meeting
        • Commentary on significant investment activity
        Annual Access
        • Audited Financials Report
        • Third-party Reserves Report
        • AGM
        • Market Commentary
        • Outlook

        From Investors to Fields

        TET has a proven proprietary process/know how to make a tailor-made selection and implementation of clean techs

        “Technology is at the heart of our operation and investment process. We identify and use advanced technologies at all stages of our investment process, from origination to operations”

        Pierre Levin, CTO

         

        A tangible, measurable, accountable impact investment. An active piece of the transition solution.

        A tangible, measurable, accountable impact investment. An active piece of the transition solution

        Prioritizing ESG

        …just as precious as energy is.

        Roads To a Better World Are Not Straight

        From the fields to investors, we are building a straight ESG Line: We analyse. We simplify. We materialize.

        TET is part of Beam Earth

        A clean technology-centric ecosystem that provides funding for environmentally-aligned businesses and services across the investment themes of clean energy, sustainability and financial innovation.
        With a cutting-edge, solutions-based mindset, together with ensuring transparent stewardship of our business interests, we seek to solve tomorrow’s problems today.

        Roads To a Better World
        Are Not Straight

        From the fields to investors, we are building a straight ESG Line: we analyse. we simplify. we materialize.

        TET is part of Beam Earth

        A clean technology-centric ecosystem, that provides funding for environmentally-aligned businesses and services across the investment themes of clean energy, sustainability and financial innovation.
        With a cutting edge, solutions-based mindset, together with ensuring transparent stewardship of our business interests, we seek to solve tomorrow’s problems today.

        BRIDGING

        Investors and direct assets
        Operators and capital markets

        TEAM

        Broad expertise
        Powerful network

        TIMING

        Urgency for true change
        Long term vision

        PARTNERS

        Pension funds
        ESG focused investors

        Adding
        Impact Value

         
          Investment Process

        • Low cost technology evaluation/verification
        • Proven cutting edge clean processes and technologies
        • Deployment of verified technologies
        • Operating expense reduction
        • Improving production performance
        • Improving safety conditions for field workers

        • Sophisticated data analytics driven sourcing and evaluation
        • Unique executive relationships
        • Generating the right deals, with attractive returns
        • Low cost technology evaluation/verification
        • Proven cutting edge clean processes and technologies
        • Deployment of verified technologies
        • Operating expense reduction
        • Improving production performance
        • Improving safety conditions for field workers

          • Sophisticated data analytics driven sourcing and evaluation
          • Unique executive relationships
          • Generating the right deals, with attractive returns
          New Green Business

          Beyond responsible production of oil, we have been investigating clean transition-related business opportunities that will have a positive social impact on the environment and where our experience and infrastructure will add value. So far, we have identified two emerging businesses and are in the process of evaluating the sufficiently mature investment targets.

          Hydrogen Rush 
          The End of Carbon-Based Energy?

          White Natural Hydrogen is our best chance to lower the global greenhouse effect. It burns cleanly, leaving only water behind. It has many potential uses, such as feedstock, fertilizer, fuel or as an energy carrier. It is versatile in production and consumption, offering variety in clean production pathways and flexibility in supply chains.

          Flows of White Natural Hydrogen have been documented throughout the world, primarily above deep continental crusts, for example in Central Africa, Russia, Brazil and the US.

          • Economic White Natural Hydrogen production has existed in Africa for several years, with no sign of loss of pressure
          • White Natural Hydrogen from the earth: Large reservoirs are under exploration in a number of countries such as Brazil, Morocco, Ukraine, USA with large multinationals
          • Demand seems to focus on White Natural Hydrogen, making it the ultimate clean hydrogen resource. White Natural Hydrogen production uses renewable energy to create hydrogen fuel.

          TET is ready to rise to the challenge of White Natural Hydrogen extraction by leveraging its proven experience in responsible and economical oil and gas technologies implementation to become a leading, successful and profitable operator for natural hydrogen fields.

          Transforming Old Wells into Sources of Clean White Natural Hydrogen

          In situ conversion of oil into hydrogen is a new technique that can draw up huge quantities of White Natural Hydrogen while leaving the carbon in the ground. Injecting oxygen into the fields raises the temperature and liberates H2, which can then be separated from other gases via specialist filters.
          It represents a genuine transition pathway for the $21 trillion natural gas industry; making the most of existing downstream infrastructure, without oil & gas production problems.
          A Canadian company has developed in-situ heavy hydrocarbon reforming by oxygen injection, producing White Natural Hydrogen and oil. White Natural Hydrogen is extracted through palladium membranes, which then act as a hydrogen filter.*
          Other companies in Norway, US and England, are developing other technologies for in -situ reforming of hydrocarbons into hydrogen. While those technologies are still in development, they might play an important role in hydrogen production.

          *TET is considering licensing some of these technologies for production in Texas and elsewhere.

          Hethos is the hydrogen operating arm of Beam, focusing on adapting disruptive clean technologies to face the challenges raised by White Natural Hydrogen production

          Providing:
          Environmentally friendly
          Innovative
          Technical and
          Economical

          Solutions

           

           

           

          Such as:

          • White Natural Hydrogen compatible downhole chemicals
          • White Natural Hydrogen proof casing, tubing and downhole equipment options
          • H2 reservoirs adapted wells architecture

          We are constantly screening potential investments that could fulfill our clean energy transition selection criteria. We believe there will be more emerging opportunities that we can capitalize on.

          Experienced Team

          Collaboration Above Hierarchy:

          Creating value by crossfeeding and interlinking talent, experience and tech expertise

          STÉPHANE LAMOINE
          Chief Executive Officer

          Stéphane co-founded Beam in 2015. With 30+ years’ experience, he is an expert in natural resources and green disruptive, technologies. Engineer from Ecole Centrale Paris, Stéphane was CIO at Société Générale Asset Management and a consultant with Elliott Advisors.



          MARC SAMUEL
          Chairman of the Board

          Marc co-founded Beam in 2015. With 30+ years’ experience, he is an expert in structuring and management. Marc has had an extensive career with the Edmond de Rothschild Group, including CEO of Edmond de Rothschild Bank. Engineer Ecole Polytechnique.

           

          PIERRE LEVIN
          Chief Technology Officer

          Pierre co-founded Beam in 2015. With 20+ years’ experience, he is a geologist and expert in oil production enhancement technologies and has brought several technologies to American oilfields from countries such as Russia and the Ukraine. Pierre is managing director at Vulcain and has founded a number of companies. Engineer Ecole des Mines de Paris.

          PAUL BOERBOOM
          Board Member

          Paul co-founded Avida International in 2007, where he is chief executive officer. With 30+ years’ experience, he is an expert in sustainability and renewable energy, gas and power sector. Previously, he was a senior executive at Royal Dutch Shell and Shell Pensions, and president of the Tomas More Foundation. 

          MICHAEL HART
          Advisor of the Board

          Michael is also head of business development for TET. With 20+ years’ experience in pension fund consulting and business development, he is an expert at communicating complex investment concepts and solutions to institutional investors. Michael has worked at bFinance, and held senior global roles in alternatives at Amundi Alternative Investment Management and Aberdeen Asset Management, amongst others.

          ERIC UNVERZAGT
          Director of Business Development – Land

          Eric is director of business development – land. With 14+ years’ experience, he is an expert in managing all land-related aspects of oil and gas development with expertise in unconventional, conventional and enhanced oil recovery.  He has worked for Denbury Resources, Land Star Dale Resources.

           

          SUSANA SAFAR
          SVP Operations

          Susana is director of operations. With 12+ years’ experience, she is an expert in oil and gas production technology, production engineering and operations. A petroleum engineer, Susana was previously head of production technology for a joint venture between Shell and PDVSA in Venezuela. She has BS and MS in Petroleum Engineering.

          ADAM FARRIS
          SVP, Corporate Development

          Adam is responsible for business development and corporate growth. With 25+ years’ experience, he is an expert at increasing existing oil and gas production and reducing costs of operation. He has worked at Enverus, Paradigm and Objective Reservoir. 

          LEYING LEE
          Finance Director

          Leying is finance director. With 25+ years’ experience, she is an expert in accounting/reporting for both public and private companies. Leying has spent 11 years as corporate controller at various publicly traded oil and gas companies, including Rooster Energy, GeoMet, Key Energy Services and Dynegy.

          GEORGINA RIVERA
          Director of Marketing

          Georgina is Director of Marketing. With 15+ years’ experience, she is an expert in communicating complex concepts visually. 10 years Private Wealth Management with Deutsche Bank UHNW Relationship and Investment Management. Founder of Art Consulting Firm ATRIL. MBA and BA Magna Cum Laude.

          MIKAEL BONALUMI
          Board Member

          Mikael is a board member of IEO and Beam. With 30+ years’ experience, he is an expert in structured trading and project management. Mikael heads physical trading at Audentia Global and has worked for OK Petroleum, Elf Aquitaine, Total Oil Trading and LITASCO. 

           

          DANIEL OCHS
          Reservoir

          Dan is a petroleum engineer. With 25+ years’ experience, he has worked for operating and consulting companies: Amerada Hess, GOM Shelf, Object Reservoir, Phoenix Exploration Company and Breitburn Energy Partners. Dan has managed reservoir engineering consulting projects in hundreds of fields across Texas, Los Angeles, New Mexico, Oklahoma and Colorado.

          TIM BROWN
          Senior Production Engineer

          Tim is a senior production engineer. With 38+ years’ experience, he is a Permian Basin expert. A mechanical engineer, Tim has worked in production facilities and engineering; well stimulation; re-entry and repair; operations management; and field-testing technologies for Amoco, Altura, Oxy, Whiting Petroleum and Trinity.

          RYAN JAMES SPENCER
          Reservoir

          Ryan is a reservoir engineer. With 17+ years’ experience, he is a North American upstream industry expert. Formerly with SK Innovation and Encana, Ryan has largely worked in field development, operations, data management, process improvement, acquiring and developing assets and increasing efficiencies using new technologies and operating methods.

          ROBERT DE LEON
          Board Member

          Robert is responsible for strategic acquisitions, disposals and financial transactions. With many years’ experience, he has been a former director of Anzon Energy, Roc Oil Company and Australian oil and gas companies. Robert was previously CEO of Bernard Arnault Group (LVMH) and a main shareholder and CEO of Talis. 

          Product Description

          Terms & Conditions

          Investment Instruments / Types

            Mandatory Convertible Bond

            Euroclear eligible with ISIN code

            Listed on SGX

            No issuance of other more preferred intruments

          Structure of Fees / Performance Fee
          •  No Management Fee. Co-acquisition structure, TET is operating directly the oil assets without intermediary layers.
          •  1.5% quarterly coupon (net 6% per annum) until conversion (into 80% of equity in TET)
           Beam Earth Inc. retains 20% of TET following conversion & realization
          Term / Notice Period
          •  First tranche close 15th January 2022
          •  Conversion at or before six year term (2028)
          •  Bonds will be converted into direct ownership of TET (80% to Bondholders and 20% to Beam Earth Inc.)
          Contact Us

          Be Part of This Revolutionary Vision of a Transition Pathway to a Cleaner Future

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