Our next One2One Forum presentation at the Chesterfield Mayfair, London on 14 May 2009 will start at 6:00pm and finish at 8pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
We move back to an oil and gas theme on the 14th, with a widely varied group of companies with very different strategies and ambitions. The line up has changed since we first announced this forum. Dragon Oil have postponed their presentation until Q3 2009, due to the current corporate restructuring underway. Xcite Energy, a Toronto and London listed oil junior with a substantial heavy oil field asset in the North Sea is now confirmed as presenting on Thursday.
Dual listed, UK North-Sea focused oil play Xcite Energy has made solid progress at the Bentley heavy oil field on Block 9/3b. Bentley is one of the largest proven undeveloped fields in the North Sea. The AIM and TSX-V listed group is currently working on plans to move forward with a range of field development studies, and is planning to drill a horizontal well in 2010 that will be tied into an Early Production System (EPS) followed by the full field development.
Gulfsands Petroleum is a firmly established producer in the Gulf of Mexico and recently added production in Syria to its portfolio, but there is still plenty more to play for in both Syria and Iraq for the company.
Dominion Petroleum’s is earlier stage, but there is certainly no shortage of speculation over the potential of its acreage in Uganda, especially considering the massive success Tullow Oil and Heritage Oil have been having in their neighbourhood.
Xtract Energy’s business model is more diversified, with multiple interests in various oil and gas companies, but the near term focus is its investment in Turkey which could provide first commercial production to the group this year.
Based on registrations to date, we are anticipating exceptionally strong interest for this event, so please register early to avoid disappointment, and please do remember that our events are for individuals with a genuine interest in the companies presenting.
Xtract Energy (AIM:XTR) identifies and invests in a diversified portfolio of early stage energy sector technologies and businesses with very significant growth potential. The company works closely with its management teams to achieve critical project milestones, to finance later development stages and to build and crystallise value for all shareholders and partners.
Gulfsands Petroleum (AIM:GPX) is a company incorporated in the United Kingdom, is an independent oil and gas production, exploration and development company. Gulfsands has exploration and development projects in the Syrian Arab Republic and exploration and exploitation projects in the USA (offshore Gulf of Mexico and onshore Gulf Coast) and upstream and midstream oil and gas business development activities in Iraq.
Dominion Petroleum (AIM:DPL) is an independent energy company domiciled in Bermuda and dedicated to exploration for new oil and gas reserves in East and Central Africa. The Group was founded in 2004 and listed on the Alternative Investment Market of the London Stock Exchange in December 2006. Dominion offers investors the opportunity to participate in the early exploration of important emerging petroleum basins in Uganda, the Democratic Republic of Congo and Tanzania, with exposure to short-term and high-impact drilling.
Xcite Energy Resources (AIM:XEL) Limited is an oil exploration and development company, which is focused on the exploration and development of heavy oil resources in the North Sea on the United Kingdom Continental Shelf. The Company is listed on AIM in London and the Toronto Stock Exchange – Venture Division in Canada.