Shareholders

Carlyle Group

In December 2013, The Carlyle Group (NASDAQ:CG) made a majority investment in Discover Exploration Ltd. The equity investment of up to US$200 million over 3 years will fund existing operations as well as new opportunities. This was the first investment by Carlyle International Energy Partners (CIEP), a US$2.5 billion (+US$1.5 billion in co-investments) fund of The Carlyle Group that focuses on oil and gas Exploration & Production (E&P), midstream, oil field services and refining and marketing in Europe, Africa, Latin America and Asia.

The Carlyle Group is a global alternative asset manager with US$210 billion of assets under management across 335 investment vehicles (as of 1st of October 2018). 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. The Carlyle Group employs more than 1,625 people in 31 offices worldwide.

ONH B.V.

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

Management

The Discover management team has a significant equity stake in the Company.