This Canadian-based oil and gas exploration company brings together an exceptional leadership team with deep MENA experience and a high-impact opportunity in Egypt’s Western Desert. The company’s zero-debt position, healthy cash reserves, and proven operational expertise provide a solid foundation for growth. Early well results demonstrate the strong potential of their strategic assets.
Here are 7 reasons they should be on your radar:
The company is poised for significant growth in the Middle East and North African region.
Their first project is in Egypt, a powerhouse in the global oil and gas industry, marked by its democratic government, diverse and rich economy, and influence in the region.
BED-1 is a 107 square-kilometer concession in Egypt’s Western Desert, early drilling results in the ARF formation have been promising. The BED 1-7 vertical recompletion, completed in May 2023, and BED 4-T100 horizontal well completed in November 2024 have produced over 25,000 barrels of oil.
Early results from evaluation wells stand shoulder to shoulder with some of the world’s top unconventional reservoirs including the Eagle Ford Shale.
A seasoned executive team that has demonstrated their track record in successful operating expertise in Canada, Austral-Asia, Albania, and Egypt.
They are well positioned with multiple raises and a potential revenue stream from a royalty asset in Australia.
The company has ongoing plans to expand their growth potential in the MENA region through strategic acquisitions.
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