Strategy

Nautical Petroleum plc intends to become a significant producer of heavy oil, initially in the United Kingdom Continental Shelf (UKCS) and in Europe.

Our aim is to secure further heavy oil discoveries in the UKCS and EU through acquisitions, farmins and licensing rounds. We aim to achieve near term production on current assets and enhance crude value and mitigate risk through our relationships.

We will acquire heavy oil exploration blocks with low to moderate commitments and farmout to mitigate portfolio risk, with the overall aim of enhancing shareholder value.