We are listed on the London AIM Exchange and benefit from a strong team with extensive experience in developing and operating assets in Indonesia and the UK as well as a solid retail shareholder base.
In Indonesia, we plan to acquire and progress conventional on-shore undeveloped discoveries. Our focus is on assets with low-risk opportunities and high exploration upsides where we can control the timeline of development and expenditure as the majority owner and operator. We plan to take minority interests in downstream developments in circumstances which will facilitate the advance of our upstream assets.
In the UK, our strategy is to acquire and develop offshore conventional assets with a broad spectrum of maturities, which may include prospective resources. We will seek both majority and minority interests, with a preference for assets where we can leverage on our management’s North Sea experience.
We aim to deliver superior shareholder returns by:
Simon Gorringe
Chief Executive Officer
October 2018