About

About

  • A private E&P company focused on the Mediterranean and Africa, with a successful track record of over 30 years as an offshore operator and outstanding growth prospectivity
  • A full E&P lifecycle company with assets in Greece, Egypt and Israel and material 2P reserves of 30 mmboe(98% oil) and 1P of 16 mmboe (99% oil), which support an almost fivefold increase of current 1,740 bblpd production
  • Strong 2C resources of 28 mmboe provide basis for future organic growth 
  • High-netback reserves with established infrastructure and in close proximity to premium markets currently deliver a healthy EBITDA of US$25mn
  • Attractive fiscal teams and cash flow visibility supported by BP 6 year off-take agreement
  • Committed Shareholders including Third Point, Private Greek Shipowners and Management

 

 

Corporate Profile Video