Events of the past few years continue to remind us that there are myriad challenges as well as opportunities in this sector, and that we live in an ever more interconnected world where events in one part of the globe can impact all of us.
Our company’s primary responsibility is to maintain our niche position in the global energy marketplace while pursuing steady and responsible expansion. And, in line with our core values, our activities will continue to leave the smallest footprint possible on the environments and communities in which we are active.
Our company’s objectives are tied to economic growth, peace and tranquility around the world. Strife torn countries make for less than optimal business environments, and more significantly, impose terrible hardships on the citizens and inhabitants of those countries. As another part of our core values, our company will always do whatever it is able to do to promote comity and reconciliation in the communities in which we do business.
Looking ahead, we will continue to aggressively pursue and expand upon on our upstream and downstream activities. We are currently negotiating for production rights to several oil blocks in West Africa. This is in addition to our domestic production ventures which also have seen steady growth. Moreover, we have set a goal of acquiring an additional 50,000 bpd in refining capacity either through direct acquisition or Joint Venture Agreements. To that end, we have identified several refineries along the U.S. Gulf Coast that are potential acquisition targets or JV Partners.
Long term there is much to be done. We are invigorated by the challenges and possibilities. Indeed, anything is possible for those who have faith and vision, and who study, learn and work hard.
We are looking forward with great anticipation.
My Best,
Bruce Anugwom
President & CEO