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The Company's strength is in securing dominant acreage positions in areas with large exploration upside that have historically been underexplored and where the Company can build a significant presence. |
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An initial strategy is to use a dual approach of exploiting existing discoveries for immediate cash flow while exploring for large upside allowing for each project to be financially underpinned while working towards finding and developing such potentially "company making" upside. |
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The Company's approach as an independent differentiates it from majors by seeking out niche positions in the resource sector. It maximizes use of local personnel and specialists to build a highly motivated professional team to grow and develop the business. By taking on smaller projects as part of an initial country entry, the Company can enter with low costs and thereafter demonstrate its capabilities to then obtain larger opportunities in-country. |
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The Company has acquired and uses its own drilling equipment, which is invaluable for remote projects offering cost savings and flexibility. |
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The Company's management has operated in the former Soviet Union for more than 20 years and is able to utilise existing contacts and capabilities to capitalize on new opportunities in niche technical and business areas throughout the region leveraging on a proven track record of success. |
