Build a material base of production assets through acquisitions in countries and basins that we have a deep understanding of and a strong track record.

Assets acquired will be able to be optimized within 6 to 12 months of acquisition.

Multi- task approach:  Assess and Evaluate, Acquire, Optimize and when appropriate, Exit.

Focus on near-term production and development of assets with proven reserves, rather than long-lead time exploration activities.

Balance between cash flow and growth.

Small portion invested in lower risk, high reward exploration.