In the current macro environment of sustained low oil prices, the Company is primarily focused on improving profitability by cutting costs, careful allocation of cash, increased efficiency and marketing.
It is expected that the combination of these measures will leave the Company ideally positioned to take advantage of the unique business opportunities that are expected to arise in the sector as it restructures in the low oil price environment.
The Group has an excellent network of industry contacts which will enable the Exploration & Production and OilService divisions to continue to develop both organically and through the acquisition of assets.
