JOG II is an early-stage venture capital fund managed by Carbon Infrastructure Partners, based in Calgary, Canada. Established in 2002, JOG II focuses on investments in the oil and gas sector, specifically targeting light oil assets within Western Canada. The fund primarily invests in seed, start-up, and early-stage companies, as well as opportunities related to industry consolidation and growth capital. JOG II seeks to invest between C$5 million and C$20 million in companies that typically have an enterprise value ranging from C$25 million to C$125 million. The firm generally takes a non-controlling position, acquiring a stake between 15 percent and 50 percent, and aims to secure a board seat in its portfolio companies. JOG II typically holds its investments for a period of three to five years, contributing to the growth and development of the natural resources sector in Canada.
Vesta Energy is a privately owned oil and gas company focused on the development of commercial shale oil properties. They employ an innovative approach to oil and gas development with stakeholder involvement from the onset and endeavor to minimize the impact of their operations on its landowners and form relationships built on mutual respect and understanding.
The company was founded in 2010 and is headquartered in Calgary, Alberta, Canada.