The Company growth and success is based in the simple expedient of acquiring high quality exploration acreage on ground floor terms from host governments and delivering value through finding hydrocarbons. The company then committed to developing and producing these reserves, becoming a full life cycle operator, to provide a long term source of revenue generation and providing a platform for future growth.
In all our activities, Vegas Oil and Gas shall:
- Ensure that HSE risks are considered as part of our overall business strategy, including annual HSE planning, mergers, acquisitions or divestments.
- Identify and comply with applicable laws and regulations for occupational health, safety and for environmental protection, and to observe international oil industry standards of good practice.
Operating licenses with high working interests has allowed the Company control over the pace of investment through exploration and development phases. This has resulted in short discovery to first oil times which were 6 months and 3 months in two of our previously held assets.
The Company now plans to implement its E&P strategy in growing the company into a successful independent oil producer through new ventures both in Egypt and throughout the MENA regionbut is also interested in other parts of the world. The Company is well funded and has no debt. The Company also intends to accelerate growth through targeted M&A activity (see New Ventures).