Corporate long-term goal is to achieve a sustainable production of 10,000 bopd and 2P reserves of 35 million barrels through acquisitions and the drill-bit.
Our strategy is “to build a sound business” by bringing the right RESOURCES and COMPETENCIES together to EXECUTE projects in a timely and cost-efficient manner. Our focus at Mediterra has been to build a portfolio of assets which will generate sustainable reserves and production long term growth , thus providing strong economic returns while weathering commodity price cycles.
Near-term strategy: To continue to identify under-capitalized development opportunities where we can implement our core strategy of using our experience to enhance the value of low risk reserves by applying the most appropriate technologies and operational excellence.
Long-term strategy: To diversify our portfolio combining strong and stable production/cashflow assets with exploration opportunities where we can bring high-risk/high-reward assets, without compromising the underlying business.
To become an Oil and Gas Company of choice for all stakeholders including shareholders, Governments, team members, local communities, and service providers.
To be the best performing Canadian upstream oil & gas company, with a portfolio of assets in Africa and the Middle East, measured by generating long term sustainable reserves and production growth and providing strong economic returns for our shareholders. This can be achieved by building a company that can endure commodity price cycles and by leveraging our technical, operational, and business experience.