Shareholders

The Carlyle Group

In 2013, The Carlyle Group (NASDAQ:CG) made a majority investment in Discover Exploration. The equity investment of up to US$200 million over 3 years was to fund existing operations as well as new opportunities. This was the first investment by Carlyle International Energy Partners (CIEP), a US$2.5 billion fund of Carlyle 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 1 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. Carlyle employs more than 1,625 people in 31 offices worldwide.

ONH B.V.

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

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

Management

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