Our business model is to create, add and realise value for stakeholders through the exploration, development and production of oil and gas within a self-funding business model. Exploration offers material value upside potential to stakeholders and production provides the cash flow to sustain exploration and development.
We identify assets where activities such as 3D seismic and drilling can add value, as part of a focused exploration strategy. When successful, exploration activity can create material value.
In order to add value, we aim to progress existing exploration assets through the appraisal and development stages. We are also able to acquire new assets at this point in the oil and gas lifecycle.
We realise value by progressing our development assets through to production and/or through asset sales. The proceeds are either reinvested in the business to fund exploration and development or returned as cash.