| Company Information |
| Address: |
4th Floor
Antholin House
71 Queen Street
London
EC4N 4TL
|
Index: |
FTSE Aim All-Share
|
| Tel: |
+44 (0) 20 7653 3660
|
Sector: |
Oil & Gas
|
| Fax: |
+44 (0) 20 7653 3679 |
|
|
| E-Mail: |
mail@granbyoil.com |
Epic: |
GOIL |
| Secretary: |
Neil Skinner |
|
|
| Registrar: |
Computershare Investor Services PLC
|
Updated: |
7/08/2006 |
Company Overview
The current business of the company is oil and gas exploration, appraisal and development and is primarily focused on the North Sea, Philippines, North Africa and The Middle East
Company Strategy
The key strategic elements for Granby's UK exploration are:
Integration of technical and commercial expertise - to identify/originate opportunities and maximise value
Risk management - through the development of a portfolio of exploration wells and using farm-outs to manage the financial exposure as well as to leverage the value of front end technical work
Cost management - through focusing on projects that do not require a significant expenditure by the Company. The initial focus of the portfolio has been low to moderate risk shallow prospects in relatively shallow water where the drilling costs are typically in the range of £2 to £4 million on a gross basis
Materiality - through focusing on material prospects that will be sufficiently attractive to be farmed out to other companies, while retaining sufficient net reserve potential within Granby
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