Our strategic vision
Through the expansion of our asset portfolio, we aim to become the leading independent exploration and production oil and gas company who are a trusted partner and employer of choice.
- Leverage our technical expertise
- Replenish exploration prospects
- Secure material equity stakes
Drill and discover
- Drill up to five material wells per year
- Spread risk and cost optimally
- Partner with strong aligned companies
- Exploit drilling success
- Trade assets across value cycle
- Maximise trade value
Generate revenue and create value for stakeholders
- Fund wells from cash flow
- Continue to build balanced production portfolio
- Achieve tax efficiency
A robust business model
We have built solid foundations in the three main elements of our business model:
- Exploration (application, licence awards, prospect maturation, discovery);
- Monetisation (appraisal, sale, swap/trade into production);
- Financing (cash reserves, cash flow, debt facilities and tax efficiency).
Each of these areas commands substantial attention and resource for the business cycle to perform optimally. As demonstrated over the years, we focus on monetising our discoveries in the near term wherever we can in order to realise value, generate cash flow, and maintain a good portfolio balance, without excessive financial exposure to a single asset.
1 wells are counted in the year that they spud