In addition to our flagship Brenda/Nicol Fields, we have a variety of properties in the UK North Sea that provide us a balanced portfolio of previously made discoveries and exploration upside. In 2004, 2005 and 2006, Oilexco was the most active operator of exploration and appraisal wells in the UK.

We are constantly adding to our inventory of quality prospects. Since entering the UK in 2002, we have been an active participant in the DTI’s offshore licensing rounds. We have also engaged in a number of successful farm-in agreements, and are always in discussions with other license holders about prospective deals.

With two drilling vessels working full time and an ever expanding group of properties, we have the right ingredients to expand our production capabilities.