Kuwait: In October 2012, AREF Energy Holding K.S.C.C.(AREF Energy), an investment partner in oil and gas services, has invested USD 18.68 million in Al-Taqa Fund L.P. (a Sharia compliant parallel fund) through AREF Energy International Limited (a 100% subsidiary of AREF Energy and an exempted company incorporated in the Cayman Islands with limited liability).

Kerogen Capital is an independent private equity fund adviser established in 2007. It manages the Kerogen Energy Fund L.P. and Al-Taqa Fund L.P. which specializes in providing growth and development capital to small and medium-size companies in the oil and gas sector.

Kerogen Capital is based in Hong Kong with a presence in London. Kerogen Capital focuses on investments in international emerging basins, particularly those with a nexus to Asian demand and investment flows. It also invests selectively in unconventional oil and gas projects.

The Kerogen team is comprised of oil and gas industry experts with technical, operational and private equity management experiences, in addition to an extensive strategic network.
Further information about the Kerogen team and its investments can be found at: www.kerogencap.com

This press release has been issued by AREF Energy.