Shareholders

The Carlyle Group

In 2013, CIEP (Carlyle International Energy Partners), a US$2.5 billion fund managed by The Carlyle Group (NASDAQ:CG), made a majority investment in Discover Exploration. This was the first investment by CIEP, a fund that focuses on oil and gas E&P, midstream, oil field services and refining and marketing in Europe, Africa,  Latin America and Asia.

Carlyle is a global alternative asset manager with US$222 billion of assets under management across 365 investment vehicles (as of 31 December 2019). Carlyle's purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across 4 segments –Corporate Private Equity, Real Assets, Global Market Strategies and Investment Solutions– in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. Carlyle employs more than 1,775 people in 33 offices worldwide.

Today, CIEP is continuing to fund Discover's activities and growth.

ONH

Discover's initial funding came in 2012 from ONH B.V., the holding company of Oranje-Nassau Energie B.V. (now ONE-Dyas B.V.), the largest privately-owned Dutch E&P operating company.

ONH is co-owned by AltasInvest N.V., a family office founded in 2007 and with a portfolio diverse in both scope and geography, encompassing all segments of the conventional energy chain including E&P, midstream and downstream. In addition, AtlasInvest holds significant participations in a range of renewable energy companies and in businesses complementary to the energy portfolio.

Today, ONH is continuing to fund Discover's activities and growth.

Management

Discover's management team and several other insiders together have a significant equity stake in the Company.