Differentiated strategy
- Leverage existing energy infrastructure to execute phased, fast-track developments with lower cost and reduced environmental footprint
- Low exploration cost and risk
Unique competence and experience
- Experienced management and extensive resources
- Long operation history in all major offshore basins
Proven E&P capabilities
- 18-month development time from acquisition to first at Dussafu
- On track to significantly increase oil production in Gabon from late 2022
- Proven ability to add new resources through low per barrell auqisitions and active exploration around established infrastructure
Capital efficient growth
- Path to increased Dussafu production and first oil from Maromba at attractive break evens
- Growing pipeline of new opportunities including the Kudu gas field in Namibia
Robust capital structure
- Largely self-financed through strong cash flow and planned RBL
- Robust cash position and access to capital markets as needed