Strategy
Gulf Western Petroleum is committed to using the latest technology and continuously strives to meet the highest standards of performance in all its operations. We have a scaleable and repeatable business strategy based on precise execution of the plan with an emphasis on growth. We explore for, or acquire reserves, which ever adds the most value, while maintaining a two to three year project development inventory. We operate the majority of our production and maintain relatively high working interests wherever possible in order to maintain control over project timing and cost. Typically we will annually direct between 5% and 10% of overall capital spending on high impact opportunities in an effort to establish new core areas with a corresponding increase in production and reserves.
We are dedicated to creating value for our shareholders by growing reserves, production and cash flow per share. Production per share is our primary performance measure with a target of 5-10% annual growth. |
