Executive Summary
- Ownership in producing properties in the Gulf of Mexico
- Debt of $3 million
- Current production of 1,300 boepd
- Annualized operating cash flow of $17 million
Near-term goals:
- TSX [Toronto Stock Exchange] listing
- Work-overs and drilling in Gulf of Mexico
Long-term goal:
- Build a company that is attractive for an accretive divestiture or merger