Strategy

Our aim is to enhance shareholder value by increasing both our production of crude oil and our audited reserves of crude oil, whilst at the same time maximising our average revenue per barrel of production. We seek to achieve this by a combination of:

  • our ongoing drilling programme to sustain and increase oil production;
  • exploration and appraisal using seismic and other techniques to enhance reserves and resources; and
  • completing our physical infrastructure to minimise operational costs.

In addition we will consider selective acquisitions of, for example, adjacent licence areas.