We believe that an opportunity currently exists in today’s depressed oil and gas market to generate superior returns by targeting smaller non-core assets.
Regardless of how good these properties might be, they will never be significant enough to impact the balance sheets of larger oil Companies, as a result, in times of reduced cash flow they are often sold at very significant discounts to reduce overhead and reallocate resources toward larger properties.
In the hands of a smaller player that can concentrate on developing these assets the upside can be significant.