The Company’s strategy is to assemble a portfolio of international oil and gas acreage, focusing on frontier exploration projects in unproven or emerging basins. Through the application of leading edge technology and rigorous petroleum systems analysis the Company will enter new opportunities where:

• there is a high degree of confidence for a working source system
• the play fairway contains multiple high impact prospects
• and the Company is able to secure a significant part of that play fairway

The Company sees its role in the Petroleum Industry as one where it generates ideas, secures acreage, funds the early stage exploration, with the acquisition of 2D and/or 3D seismic data, takes out significant risk from the opportunity prior to attracting the larger companies to help fund the drilling campaigns.

Frontier exploration projects characteristically have a higher technical risk profile than exploration projects in mature hydrocarbon provinces. However, the scale of reward in the success case is typically large. The Company intends to focus on countries where the political / commercial risks are considered to be relatively low.