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Company Description (as filed with the SEC)
We are an independent oil and natural gas exploration and production company with operations focused in the U.S. Gulf Coast and the Gulf of Mexico. Our business strategy includes: (1) acquiring producing oil and gas properties; (2) exploiting and exploring our core assets to enhance production and ultimate recovery of reserves; and (3) utilizing a portion of our capital program to explore the ultra-deep trend for potential oil and gas reserves. As of June 30, 2013, our estimated net proved reserves were 178.5 MMBOE, of which 75% was oil and 61% was proved developed. Natural gas liquids comprised 5% of our oil reserves. We are one of the largest oil producers on the Gulf of Mexico shelf and operate five of the largest fifteen oil fields in that area. We were originally formed and incorporated in July 2005 as an exempted company under the laws of Bermuda to serve as a vehicle for the acquisition of oil and gas reserves and related assets. ... More ...