The Group’s long term strategy is to build a diversified portfolio of oil and gas exploration and production assets in Central Asia and, in particular in Kazakhstan where the Board has the greatest experience.
Additionally the Group will seek to exploit associated opportunities where the board believes it can add significant value.
The Group’s principal asset is its interest in BNG, at which there are proven shallow and deep structures. The Group also owns the 3A Best Contract Area and is in the process of acquiring the Caspian Explorer, a drilling vessel capable of operating in the shallow waters of the northern Caspian Sea.
The business model is to take assets and improve them.
The Directors believe the Company is exceptionally well placed through its local presence to increase shareholder value by opportunistic acquisitions of undervalued oil and gas assets.
Once profitable the payments of dividends is a priority.