We are building a portfolio of development and production assets with an emphasis on stranded and marginal fields.  We target fields that are low-risk and highly appraised projects which are currently undervalued.  We seek to develop these assets utilising solutions, developed by our joint venture MFDevCo, which can significantly improve the economics of a project and by doing so we can enable the early booking of reserves.  Project delivery will be managed by MFDevCo and the Marginal Field Delivery Consortium, a group of world class oil and gas specialists. 

In addition, we continue to advance our licences located on and around the Port au Port Peninsula of western Newfoundland, Canada.  

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Generating value from undeveloped discoveries and producing fields