15
...Business Strategy
Growth of Proved
Reserve Portfolio
•Acquisitions
–Typical Transaction
size of $5 - $20 MM
–Exhibit additional
recompletion, development and exploratory potential
–Focus on
operated properties; control well operations and development
•Development and
Exploitation
–Re-engineering: lower
recurring operating cost; increase production or arrest decline
–Comprehensive field
studies: traditional and 3-D
supported
–Development
drilling, enhanced recovery
–Cost
control