Strategy
The Company strives on an annual basis to re-place its produced reserves through acquisitions of existing producing leases or through low-risk drilling. The company periodically sells assets that no longer constitute a core long-term focus. The Company is a bank-financed production and acquisition company.
- We specialize in acquiring low-risk and low-cost properties to optimize value.
- We partner with other companies that provide key synergy in order to optimally develop properties in a safe and efficient manner.
- We apply 2D and 3D seismic technology where applicable.
- We use state of the art 3D software to model geology and petroleum distribution in all fields.
- We pick core areas in known oil and gas basins to best apply our operating and technical expertise.
- We target large fields with many multiple pay zones to allow for low-risk infill drilling or well optimization strategies.
- We acquire assets from small operators in which reserves may have been by-passed and allow for infill development.
