Osprey Energy OSPRU, W
Deal done. Now FLMN Falcon Minerals
June 4 - Osprey announce deal. Link
7/21/2017 - 28,750,000 shares including over-allotment.
U = 1 com , 1/2 warrant.
1 warrant + 11.50 buys 1 common. Call 18.
Trust = 10
Osprey Sponsor, LLC
Exp 7/26/19 - 24 months.
We will seek to capitalize on the extensive experience of Edward E. Cohen, Jonathan Z. Cohen and Daniel C. Herz in the upstream and midstream energy business. Messrs. Cohen were founders of Atlas America, Inc., later renamed Atlas Energy, Inc., and responsible for its initial public offering in 2004. Under their leadership along with Mr. Herz, Atlas Energy was a pioneering company of the Marcellus Shale, and drilled more wells in southwestern Pennsylvania between 2005 and 2010 than any other company, at which point they entered into an agreement to sell Atlas Energy, Inc. to Chevron for $4.3 billion. The sale, which closed following stockholder approval in 2011, generated a total return from the initial public offering of over 930%. Edward Cohen was named Energy Executive of the Year by Hart Energy, a leading energy publication in 2011, for his extensive corporate and operating accomplishments in 2010. Messrs. Cohen were also founders of Atlas Pipeline Partners, L.P., and responsible for its initial public offering in 2000. As executives of Atlas Pipeline and its general partner along with Mr. Herz, they oversaw the growth of the company from a $40 million enterprise organization at Atlas Pipeline’s IPO to its collective sale to Targa Resources for $7.7 billion in 2015. Messrs. Cohen and Mr. Herz oversaw the operational growth of the company, including its industry leading Permian Basin midstream assets. Atlas Pipeline Partners, L.P. generated over 420% of total returns from its IPO until the announcement of its sale. Messrs. Cohen and Mr. Herz founded and took public Atlas Pipeline Holding L.P., the general partner of Atlas Pipeline, in 2006 with an enterprise value of $400 million and sold this company for approximately $2 billion in 2015 to Targa Resources.
Our management team has extensive experience in taking companies public, acquisitions, divestitures, corporate sales, and equity and debt capital markets transactions. Our management team is responsible for the successful listing and initial public offerings of six energy companies over the last 17 years. Additionally, they have overseen over $23 billion in acquisitions and divestures in the upstream and midstream energy sector. Additionally, our management team has been responsible for developing bank relationships with over 25 banks worldwide, that have provided billions of dollars of committed capital to their companies. Our team has experience investing across a variety of commodity price cycles and a track record of identifying high-quality assets and businesses with significant resources, capital and optimization potential.
Our management team has an extensive history of partnering with other management teams and operators to successfully create greater value. Over the last 30 years, our team has consistently brought in management teams to enhance the value of assets, while providing expertise in public equity and debt markets, and mergers and acquisitions. Messrs. Cohen have found and trained management teams who now oversee hundreds of millions of dollars of energy assets for private equity firms. It has been a differentiating strength of our management team in finding acquisitions and growth opportunities to be flexible in partnering with other management teams and companies. Our management team has extensive experience in energy joint-ventures including, an international joint-venture in the Marcellus Shale, with the largest publicly traded company in India; a midstream operated joint venture with Pioneer Natural Resources in the Permian Basin; a pipeline joint-venture with The Williams Companies in the Marcellus Shale; an operated joint-venture of a Federal Energy Regulatory Commission, or FERC, regulated pipeline with Southwestern Energy in the Fayetteville Shale; and a joint-venture with Chevron Corporation in a major natural gas liquids pipeline.