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Georgia
Ukraine
Krasnoarmeysk Licence
South Donbass Licence
Krutoyarivska Licence
Adjacent Super Major Activity
Bulgaria
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Ukraine Donbass Coal Basin
Bulgaria Carpathian Balkan Basin
Georgian Basin
Home
About us
Business model
Compelling advantages
Strategy
Board of Directors
Senior Management
Technical team
Corporate Responsibilities
Operations
Georgia
Ukraine
Krasnoarmeysk Licence
South Donbass Licence
Krutoyarivska Licence
Adjacent Super Major Activity
Bulgaria
Latest news
Investor relations
Corporate governance
Financial results
Reports & Presentations
Contact for investors
Contacts
About
us
Business model
Compelling advantages
Strategy
Board of Directors
Senior Management
Technical team
Corporate Responsibilities
Business Model
Focus on lower-cost / lower risk shallow plays (Georgia: 200m - 1,500m; Ukraine: 700m - 2,500m)
Low geological risk (well control/historical data)
Superior economics (European natural gas pricing and low taxes) compared to North American plays
Infrastructure (access to pipelines and local markets)
Retain leverage to unconventional/ shale upside through farm-out of deep, expensive wells in Bulgaria
First mover advantage in application of proven Western technology and skills in Georgia and Ukraine
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