President’s strategy is to build a primarily South American focused oil and gas production business, targeting reserve and production growth. In addition, we have a cash generative production business in Louisiana, USA.
The Company’s primary objective is to deliver material sustainable value growth for its shareholders through:
Focusing on high margin production from conventional assets, not barrels per se.
Retaining a regional focus on Latin America that enables a “cleaner” investment thesis and a more effective use of management resources.
Operating our assets which is key to enabling us to maintain tight cost control and focus on delivery.
Including material exploration activity only where appropriate as part of a balanced portfolio in which the downside risk is limited.