GLOBAL OIL & GAS AG
- ISIN DE000A1RFLG3
- Country Deutschland
Company profile
- Global Oil & Gas focuses on exploring oil and gas reserves (‘onshore’) in North America
- Global Oil & Gas has a high level of proved reserves (16.6 million BOE*) thanks to its participation in four oil and gas fields in the USA – in contrast to many competitors. It also has 0.5 million BOE probable reserves and 57.0 million BOE possible reserves
- Global Oil & Gas is benefiting from the global increase in demand for oil and gas products, in particular from emerging markets (China, India) as well as from OECD countries. The resulting increases in commodities prices also have a positive impact on the reserves that the company owns
- The business model includes the extraction of proved reserves to generate stable revenues and cash flows. At the same time the penetration and development of new oil and gas reserves open up additional potential to boost value
- The company’s own, end-to-end drilling equipment (depth of more than 1,000m) allows the rapid penetration of oil and gas reserves as well as cost-effective extraction, as it reduces dependency on suppliers
- Extensive geological and technical drilling expertise and the management’s excellent network will allow the rapid identification and development of additional attractive oil and gas fields in future
- Low fixed-cost structure
(* – barrel of oil equivalent)