Mergers & Acquisitions

Strategy to develop the asset base

We are actively engaged in seeking out and assessing potential acquisitive growth opportunities to become a multi-asset group and thereby increase production and reserves, and reduce the inherent single asset risk.

To achieve this goal we have set out the following key objectives: -

• Further explore the Cheleken Contract Area for additional reserves
• Pursue the acquisition of new value-adding assets in Turkmenistan
• Procure exploration acreage in countries with low political and economical risk
• Ensure new development projects have a sufficient level of existing infrastructure
• Partner with companies with good expertise and contacts in a new region or country
• Create a balanced portfolio of exploration and development projects in the long-term
• Continue to build a multi-disciplinary business development team capable of seeking out, managing and operating both exploration and development projects