– It is a bit hefty. Currently this is the most based on faith hope and love to competent people. The question is what someone is willing to pay for names, he said.
50 million each?
Borten Moe and co-founder Erik Haugane told Adresseavisen that entrepreneurs should have a ten percent interest in the newly established oil company Okea. The last 90 percent is sold to one or more external investors for between one and two billion.
Going sales in box, it means that the shareholding of each of the founders will be worth between 28 and 56 million before the at all is running.
Analyst Kjetil Bakken Carnegie think an investor will impose stringent requirements on entrepreneurs before he eventually agrees to such a deal.
– I would assume that it is an international private equity firm that will finance this. Such companies do not pay out the entire capital immediately, but they commit to a certain amount and pay more as needed. They tend also to provide management’s strong economic incentives, meaning that entrepreneurs can earn big money if the company succeeds, he says.
Wild scored with Haugane
Such comments Borten Moe prospect of being paper millionaire: – There is no free money. We enter his own money here too and maybe we will hold ten percent of the shares in total. External shareholders take rest. We are completely dependent on the project’s success to recoup gains, he said.
– We are not going to own ten percent. Do nothing. Once the company is fully funded, we own perhaps two percent. But to start a company and already collect that you are battle erik, it is completely wrong. If I had sold my shares when Pertra went public, I would have had a profit of 90 million. Others ask whether we can do this at all. But if this goes well, it is clear that we are on par with other expects to reap tens of millions, adds co-founder Erik Haugane.
Equity Analyst Morten Lindbäck Fondsfinans believes Borten Moe & amp; co. operates with a fresh price on their heads. Nevertheless, he considered to bet his own money at Okea if he got the chance.
-Erik Haugane is a creative person – one sharpens as he calls himself – and he has the best prospects of success. This he has done before, more than once. It is never negative to combine this with a former oil minister, he said.
Do not Trønders
Haugane had no financially strong investors in the back when he was involved in starting oil company Petra in 2001. Four years later rescued the seven founders store by getting into 160 million Dollars in a spectacular fundraising among Trøndelag investors. Today is the successor The Norwegian worth ten billion on the stock exchange. Also this time it will take several years before other investors an opportunity to buy into, think Haugane.
We are in dialogue with a major player like I am reasonably sure that we will come in harbor with, but it is too early to go out with whoever it is. First in three or four or five years it may be appropriate to spread out to other investors, he said.
-high risk
Unlike Pertra and the Norwegian, who focused on oil exploration, should Okea buy into medium-sized oil and gas discoveries that have not been developed. It’s a good plan, while the timing is good, says analysts Adresseavisen have been in contact with. But it’s not going to be easy.
– Small discoveries can often have a higher risk than larger deposits, says Kristoffer Dahlberg Sparebanken1 Markets.
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