Our business is focused in Southeast Asia and includes all facets of exploration, development, appraisal and production, from identifying potential prospects to discovery and commercialisation. Each project is unique, encompassing a combination of key stages:

• Pre-exploration

  Our business development team will develop exploration concepts in areas where we have detailed local knowledge. When a target area is identified, we will acquire and interpret existing data including seismic or other geophysical or geological data and carry out geological field work. If the results are positive, we will seek to acquire an exploration licence from either the host government or the entity holding the existing rights to the contract area.

• Exploration

  Upon acquiring an exploration licence, we will gather and interpret further data to plan an exploratory drilling program to assess the potential reserves. At this stage, we may seek to mitigate risk and defray costs by farming out to third parties all or a portion of the exploration drilling costs.

• Development

  Once a discovery is made, we will ac- quire and interpret further information in order to formulate a delineation drilling program to assess the outer parameters of the reserves and deter- mine economic viability. If delineation drilling is successful, we will employ an independent consulting firm to certify the reserves and that assessment will be used to prepare a plan of development. Once the plan is approved, we will drill development wells and construct the facilities required for production to commence.

• Production

  Once production has commenced, we will maintain the field and make every attempt to extract oil or gas as efficiently as possible. This may include re-entry of wells to repair production equipment, the drilling of closely spaced wells and the close monitoring of reservoir/production performance.