Background

The competition for attractive exploration acreage and producing assets is high and for a small company like Enovation it is important to focus on opportunities which, at face value, look less attractive but which hold unrealised or hidden value potential.

By using advanced geophysical technologies, as yet unfamiliar to or untried by the industry in general, to unlock this true potential, Enovation is able to exploit a value creation niche which is relatively uncontested.

In order to maximise the chances of success, Enovation will screen a large number of opportunities and be highly selective in choosing which ones to pursue. The company’s special approach to partnering provides a resource base which is both large enough to enable such a wide screening process whilst still remaining affordable. The company will acquire assets by ‘farming-in’ or ‘earning-in’ to existing assets in return for its contribution by way of an advanced technology campaign.

After successfully demonstrating and securing the added value created by its contribution, Enovation may, choose to dispose of the asset to a more appropriate owner thereby providing funds for further exploitation of the company’s competitive niche.