Strategy
The Group aims to continue to generate growth in shareholder value by focusing on high-impact international plays that provide multiple targets with the potential to discover substantial hydrocarbon reserves. The Group's growth strategy is to acquire and invest in, exploration and early development opportunities throughout the world, with a particular emphasis on its core areas of Africa, the Middle East and Russia.
To be successful, the Group has developed a highly effective network of influential industry, political and institutional relationships. These enable the Group to gain access to a wide variety of new oil and gas business opportunities.
Strengths
The Company's competitive strengths include:
- Our ability to expand a portfolio of high-impact international plays
- Experienced management and technical teams that posses a track record of finding valuable oil discoveries
- Our position in the Albert Basin of Uganda, considered by management to have the potential to contain significant quantities of commercially developable oil
- Our demonstrated success as a first-mover in acquiring assets in territories such as Uganda and the Kurdistan Region of Iraq
- Our proven track record of creating value through asset sales; approximately $100 million was raised from the sale of assets in the Republic of Congo with funds re-invested to acquire the current portfolio of play areas.