Tricoastal Oil & Gas
Ltd. is involved in the exploration and development of
commercial oil and gas projects with a special focus on
offshore or deep water activities. We seek out and
acquire interests in such projects and properties
through direct investment, stock-option agreements, and
joint-venture agreements.
Increasing demand for oil and gas has, combined with
recent world events, dramatically increased the price of
oil and gas over the last several years. Many areas of
exploration and production that were once considered
"too expensive" to consider now are viable
areas for development.
Tricoastal Oil & Gas Ltd. is now targeting
opportunities for exploration assets and production
assets. Opportunities are being evaluated on their
technical and commercial merits. We are targeting
exploration and production opportunities that have the
following characteristics:
For Exploration Assets:
Ability to rapidly
commercialize discoveries
Having low to
moderate technical risk
Low to moderate
drill depths and water depths
Proximity to
infrastructure (particularly in the case of gas)
Where a market is
available (particularly in the case of gas)
Having follow-up
potential
For Production and
Development Assets:
Economic materiality
with the potential to generate significant cash flow
net of operating costs and overheads
Existing production
with proven reserves combined with reserves and
production rate upside potential or undeveloped
reserves which can be rapidly commercialized
Capable of
attracting project finance and thereby maximizing
return on equity
Stable politics,
reasonable fiscal terms, and high operating margins
Availability of
export infrastructure and market for product
By using the latest
surveying technology and assisting start-up operations
with the needed venture capital Tricoastal Oil & Gas
Ltd. is helping to unlock new fuel reserves for the 21st
century.
