Committed to safe and sustainable production for the benefit of all stakeholders.
Delivering value to shareholders
Generating value through low‑cost production, alongside material production growth and capital returns to shareholders, as appropriate.
The Shaikan Field has a substantial resource base with significant long‑term development potential.
Near-term production uplift
Low operational risk to achieve the target of 55,000 bopd at Shaikan, once macro‑economic conditions improve.
Robust balance sheet
Strong cash position of $164 million, as at 22 April 2020, with a strong focus on preserving liquidity.
Execution track record
Achieved 2019 production, capital expenditure, Opex and G&A guidance.
Organisation built to deliver
Strong Board and senior management leading a talented workforce.
Kurdistan Region of Iraq remains stable
A safe and secure operating environment.