In December 2010, Corvus CEO, Andrew Regan lead a 10 man team on the first ever there-and-back crossing of the Antarctic continent, setting a new record and taking the first bio-fuelled vehicle to the South Pole.

The 10-man team left Union Glacier on 25 November and arrived, via the Geographic South Pole, on the Ross Ice Shelf on 9 December. They then retraced their tracks and completed the return journey on 17 December. In all they covered nearly 4,000 km and travelled for 20 days, 12 hours and 30 minutes.

The Route

The expedition team traveled in three vehicles. The Winston Wong Bio-Inspired Ice Vehicle (BIV) lead the way. Bio-fuelled, the BIV is an agile route-finder.. Two 6-wheeled Science Support Vehicles operated as mobile laboratories and carried the team and the state-of-the-art monitoring equipment from Imperial College London.

It is 100 years since Norwegian Amundsen stood at the South Pole, just beating Scott’s ill-fated expedition. The fascination and challenge of crossing earth’s coldest, windiest and driest continent continues. The expedition traveled in the spirit of sheer adventure and human challenge, but is committed to raising environmental awareness and facilitating the gathering of new knowledge. 

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winston wong bio-inspired ice vehicle from George Pagliero on Vimeo.

Corvus structured the reverse take over of Sirius Petroleum Plc in July 2008. Since that date Corvus has raised $8.5 million via equity placements and has structured a facility with CapInvest to provide or procure debt funding to the Company of at least $80 million.

Off-take Agreement with Glencore

On the 5th of May, 2013, Sirius Petroleum announced that it had signed an Exclusivity Off-take Agreement with Glencore, one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities.

Under the terms of the agreement, Sirius has the right to deliver up to 60,000 barrels of crude oil per day (bopd) to Glencore and Glencore has exclusivity to market the crude oil on behalf of the Company for a period of 3 years. Sirius will be entitled to draw-down funds for the development of its oil assets after satisfactory approval from the technical team of Glencore. Click here for the full RNS

Sirius Petroleum is listed on the London Stock Exchange’s AIM.

Founding and substantial shareholder of Tri-Star Resources Plc, Corvus structured the initial acquisition of the Goynuk antimony mine, in the Gediz district of Turkey. Tri-Star was established to become a vertically integrated antimony company, covering the full cycle of production from mining of the ore, through the sale of antimony trioxide and metal, processed in its roasting facility to be built in the UAE.

Founder shareholder, structured deal and arranged initial finance for the flotation of Imperial Energy plc an upstream oil and gas exploration and production company focused on the Commonwealth of Independent States and, in particular, the Russian Federation. The company was floated on AIM in 2004 at 25p per share and moved to the Official List in 2007.

Company Acquisition in 2008

In 2008 Imperial was acquired by ONGC Videsh Limited of India for £1.4 billion (1,125 pence per share) ]]> http://corvuscapital.com/imperial-energy/feed/ 0 http://corvuscapital.com/lodore-resources/ http://corvuscapital.com/lodore-resources/#comments Wed, 02 Mar 2011 14:04:25 +0000 admin http://corvuscapital.com/?p=83
Read more]]> Company Overview

Corvus Capital was the founding shareholder, structured the transaction and arranged initial finance for the flotation of Lodore Resources plc, an investment company whose primary objective was to build a group specialising in the oil and gas sector. The company was listed on AIM in 2004 with a market capitalisation of £6.4 million.

Company Sale in 2005

The company was acquired in 2005 for a total consideration of £115.0 million.

Corvus Capital was one of the founding shareholders in ASOS plc; now the UK’s largest independent online fashion and beauty retailer. The company was established in June 2000 and admitted to AIM in October 2001 with a market capitalisation of £12 million which now has a market value in excess of £1bn.

Corvus was a founding shareholder of Gable Holdings, a group specialising in the European insurance and reinsurance sector, in 2004 when it took a 33% stake. Corvus facilitated Gable Holding’s admission to AIM in January 2005, and raised £1m via an equity placing. In December 2005 the company acquired Brown Duke AG (name changed to Gable Insurance AG post acquisition) and proceeded with a stated ambition to reach £100m gross written premium in three years. Corvus sold it’s stake in Gable Holdings in 2007.

In the early 1990s, Corvus CEO, Andrew Regan ran a household products business, Cadismark, which was sold to Hobson plc. Following the sale, he became the chief executive of Hobson, which was listed on the London Stock Exchange. In 1994, Hobson acquired F.E. Barber, the food and drinks manufacturing operation and Regan was responsible for developing the Loyd Grossman range of sauces. After rationalising the operation, Hobson was sold in 1996 to Hillsdown Holdings for £154 million, through a recommended cash takeover, having grown significantly through acquisitions and organic growth.