TREFOIL ENERGY

Trefoil is an exploration and production company focused in Mendoza, Argentina. Smedvig Capital invested a total of $12m of equity growth capital in a series of investments commencing in 1996 and a similar level of debt. The company was led by a team of very experienced Argentine oil executives who were well placed to capitalize on the favourable industry dynamics in the region. This included Roberto Monti, the former CEO of YPF, the then Argentine State oil company. Trefoil was listed on the Oslo Stock Exchange in 2005 and later sold to Mercuria in 2011 with both founders and investors realising substantial returns.