An investment opportunity for the acquisition and development of Conventional Onshore UK Oil Production, Reserves and Resources
Initial acquisition assets
Building an onshore UK production base focused on low-cost acquisition, the development of conventional producing oil reserves and exploration of low-risk, conventional oil resources
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No use of unconventional technology or fracking |
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Attractive economics with low NPV 10 break-even oil price (USD 18.50/bbl) |
1.49 MMbbl of net P50 reserves (1.91 MMbbl gross) |
1.05 MMbbl of P50 net (1.05 MMbbl gross) prospective resources allied to existing field |
5.25 MMbbls of P50 net (6.30 MMbbl gross) prospective resources in exploration licences |
Investment Opportunity |
Corporate Strategy |