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.