Corporate Objective


In pursuing the Company’s principal objective to become a successful oil and gas exploration and production company with operations based in the USA and Western Australia, the Board is committed to:

  1. Applying the Company’s funds in an efficient manner with a view to providing positive and sustainable returns to Shareholders;

  2. Adopting high standards of occupational health and safety, environmental management and ethics;

  3. Recognising and honouring all legal obligations to non-Shareholder stakeholders including employees, clients/customers, traditional owners and the community as a whole; and

  4. The investment objective of the Board is to identify opportunities that will enhance long term shareholder value.

The acquisition of Emerald Gas represents the Company’s initial step to implementing this objective.

Our objectives include joint-venturing with recognised and similarly-minded industry partners, getting into production early on and generating cash flow, and sustaining corporate value and growth over the long term.

Emerald Gas has secured and retained interests in three drillable prospects in proven hydrocarbon producing regions of the USA. By participating in drilling these projects and establishing a new project pipeline through project generation alliances, the Company seeks to move quickly to producer status with a current portfolio of three potential development projects.


Strategy

Our basic strategy is to invest in select, low-cost, low-risk potential development plays and projects.

The Company aims to minimise investment risk by:

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