History & Mission
Woburn Energy Plc is engaged in oil and gas exploration. The company was admitted to AIM in April 2001 as Black Rock Oil & Gas Plc. Since that time it has been active in Australia, Colombia, the Republic of Ireland and the UK, and currently has a 25.5% interest in the Las Quinchas Association Contract in Colombia. The company changed its name to Woburn Energy Plc in January 2009.
The company’s mission is to grow via an active exploration programme and selective acquisitions. The company is looking at new onshore oil or gas opportunities within its current areas of activity together with those proven oil basins where it has existing experience or influence. In particular, we would highlight Europe, Africa, the Middle East and Central Asia as our target areas. Any assets acquired will be generally non-operated but the company is looking in the long-run to build a technical team and establish operational capabilities.
Initailly we are seeking to acquire production to create immediate cash flow and profits but we are also actively examining development and appraisal opportunities for longer-term growth and upside for the company.
Last revised August 2011 |
