Strategies

Oil & Gas picThe Company aims to create and developing its portfolio of upstream oil and gas assets. In order to achieve this the Company intends to pursue the following strategy:

Consolidation of prospective acreage and acquisition. The Company is pursuing growth principally through organic reserve and resource additions in its core areas. The Group operates anchor assets in each core area, which are in proven basins with growth characteristics, and where the Directors believe technical risks are low due to the management’s knowledge of the geology and petroleum system.

Focus on producing acreage targets. Production and reserve growth is targeted from current developments, discoveries and step-out exploration prospects in each of the core areas. The Company will consider taking advantage of opportunities to further develop its position or increase its participating interests in its core areas through acquisitions to complement its organic growth strategy. These add-on acquisition opportunities can both deepen and broaden the Company’s position within a core area. The company focus in early oil target monetisation via existing infrastructure.

Application of value adding technology. The Company has a pure regional focus on South East Asia which provides a number of strategic benefits to the Company, including an ability to anticipate and respond to changes in the local operating, asset trading and economic environment, extensive and focused technical knowledge, an understanding of many of the hydrocarbon basins in the South East Asian region.

Local government networking. The ability to benefit from the Company’s network of contacts and relationships across the region includes relationships with national and local governments, national oil companies, key service providers and customers. The Company believes its local knowledge and relationships provide a sustainable competitive edge, increasing its chances of profitably exploiting its current portfolio and in capturing new opportunities. This provides a politically favorable model to host countries and enables them to take control over their own destiny in development of their energy resources. When the operational platform has been structured, the partnership will secure the required funding through the financial markets

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