Macoma Capital Successfully Exits Energy Investment in Seven Generations Energy

NEW YORK, Sept. 16, 2014 /PRNewswire/ -- Macoma Capital Group, a New York-based investment company, today announced it has exited its investment in Seven Generations Energy, a Calgary-based oil and gas field development company.  Macoma initially invested in Seven Generations in 2012 as part of a financing round to provide capital for the continued development of Montney assets.

Seven Generations Energy is a private oil and gas company focused on resource plays in North America, particularly in Canada's Montney shale formation.

"We backed an excellent company and take pride in our partnership with Seven Generations, as well as in the role we played in strengthening the company's financial position," said Andrew Cohan, managing partner at Macoma Capital Group. "The management team did an exceptional job in creating value through the development of the Montney resources, and we wish them all continued success."

Pat Carlson, Seven Generations' CEO, said, "I doubt any company ever feels good about losing a supportive shareholder like Macoma, but we are very appreciative of their support when we needed insightful shareholders to invest in us during the early stages of defining the commercial potential of our asset. We hope to cross paths again in the future."

"We acknowledge Seven Generations and its tremendous success, which has enabled us to realize the second exit for our fund," added Bradford Manning, Co-founder of Macoma Capital. "Working with Seven Generations has further strengthened our confidence in energy investment opportunities in North America, and we will continue to look for similar investment opportunities in energy and other hard assets."

For more information about the investment philosophy at Macoma Capital Group, visit www.macomacapital.com.

About Macoma Capital Group
Macoma Capital Group was formed in 2010 to invest in illiquid special opportunities designed to generate superior, long-term returns. Our broad mandate and smaller size allow us to opportunistically pursue alpha in areas that are often ignored by institutional investors for structural reasons. We are not constrained by asset classes or sectors, enabling us to construct a portfolio with attractive risk-adjusted returns and low correlation to traditional alternative investment strategies. Using extensive due diligence and wide sourcing networks in less efficient markets, we are able to nimbly capitalize on opportunities related to equity, credit, hard assets, hybrid securities, and other markets.

About Seven Generations Energy LTD
Seven Generations Energy Ltd. is a private oil and gas developer with its corporate headquarters in Calgary, Alberta and its operations headquarters in Grande Prairie, Alberta. 7G is engaged in the delineation and development of its Kakwa River Project, a multi-zone, tight, rich gas project in the Alberta Deep Basin, approximately 100km south of Grande Prairie.

Contact: Jeffrey Krahel
(347) 913-2586
[email protected]

SOURCE Macoma Capital Group