Pursuing and developing exploration project opportunities in Latin America

Corporate Business

Business Objectives and Strategies

The Company’s business objective is to build a diversified oil and gas exploration and production company in South America, initially focused on Paraguay, Brazil and Guyana, with a view to expanding into additional countries in the future. The Company’s strategy is to develop its existing portfolio of assets and to potentially pursue, and most likely acquire together with third parties, additional exploration and production opportunities in areas with proven hydrocarbon systems that the Company considers to be cost-effective and of low to moderate risk. In addition, the Company will continue to evaluate strategic acquisition or business combination opportunities involving oil and natural gas companies or properties from time to time where it views further exploration and development opportunities exist. To this effect, the Company may participate in future bid rounds in Paraguay, Brazil, Guyana and elsewhere to acquire additional exploration and production acreage. The Company hopes to generate returns for its Shareholders principally through capital growth and intends to take advantage of opportunities to acquire acreage and prospects suitable for exploration, development and enhanced production. 

The Company has established the following fundamental guidelines pursuant to which it evaluates the selection and participation in new areas in an attempt to mitigate the geological risk inherent in high potential exploration:

  • the presence of a proven hydrocarbon system in the area is known;

  • the existence and availability of technical information allows preliminary evaluations;

  • the economics are attractive under conservative price forecasts; and 

  • the presence of political and economic stability in the region.