Pacific Oil’s growth strategy can be broken down into two key sections; organic and inorganic. Resource allocation is based on a balanced approach between the two in order to facilitate risk control in the form of diversification. The management of Pacific Oil is committed to aggressive growth but is mindful to not over stretch available capital and operational man power.
Pacific Oil Company will continue to grow organically by realizing operational savings, increasing output through comprehensive work over programs and adding additional production to existing assets.
Operational savings are achieved by continually lowering the cost of production through evolving partnerships, stripping away administrative overhead and maintaining strict fiscal discipline. Production increases are the result of cost effective well maintenance that increases the efficiency and life cycle of the well.
The company believes that The Lacadena Project will be the primary source of organic growth for Pacific Oil moving forward. All 9600 acres of the project are prime energy rich land located within the Western Canadian Sedimentary Basin. Geological data indicates that multiple viable drilling targets are present and Pacific Oil will look to add light sweet crude production to the 27 natural gas wells that exist on site.
Inorganic Growth will come from the acquisition of undervalued properties that exhibit positive metrics and present the opportunity for the organic growth mentioned above. All potential acquisitions must pass a set of rigorous control mechanisms and due diligence to ensure that all capital outlays add value to both the company and its shareholders. Proximity to existing production is important however Pacific Oil is actively seeking projects in other areas so long as the right metrics are present, the control mechanisms are satisfied and the price represents value.
In addition to straight acquisitions, Pacific Oil is exploring options for joint ventures. All potential partners must have strong balance sheets, a proven track record of success and conform to the company’s core value of maintaining minimal administrative overhead.
Further develop the Lacadena Project to take full advantage of all 9600 acres of energy rich land located in prolific Western Canadian Sedimentary Basin
Actively seek out and acquire undervalued producing properties that exhibit positive metrics and present the opportunity for further the organic growth once acquired.
Realize operational savings a by continually lowering the cost of production through evolving partnerships, stripping away administrative overhead and maintaining strict fiscal discipline.
Use the company’s public market presence to raise further capital in order to achieve company milestones in time period that is acceptable to shareholders.
Establish a relationship with shareholders that is based on transparency and open communication.