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BRITISH ACADIAN LTD., INC.  

 

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Strategy

Over the last fifteen years, British Acadian has developed an investment strategy of which the key components are:

  • The establishment of a group of companies and well financed, independent investors who are aware of the risks and rewards of investing directly in the domestic oil and gas production industry, and has provided them with an above average return on capital employed through direct investment in the oil and gas production of the offshore Gulf of Mexico.

  • To identify and select oil and gas producing properties which exhibit, on a conservative evaluation, the ability to generate a rate of return from proved developed producing and non-producing reserves of between 10 and 15 percent on funds employed, with low risk undeveloped potential capable of significantly increasing this rate of return.

  • Ideally, the Properties will be multi-well fields, with established production and reserve estimation histories. They will be located in areas of the offshore Gulf of Mexico in well-established producing trends with no severe technical issues such as deep water, over-pressured reservoirs or unusual operating concerns.

  • Properties will be operated by efficient, well-financed, technically competent, experienced operators.

  • The Investors will receive directly the revenues and tax benefits of such an investment. In addition, Investors, on a simple majority basis, will have the ability to veto capital expenditures and decide exit strategy.

Since its inception, British Acadian has negotiated and closed the sale of approximately twenty (20) properties and/or assets for a total acquisition cost of nearly two hundred million dollars U.S.($200,000,000.00 U.S.).  Historically, most of these acquisitions have had an average investor payback of three (3) years.  Most of the properties have a remaining field life of about ten (10) years or more.  It is important to note that virtually every single one of these acquisitions listed have subsequently had considerable development and/or exploration activity realized.  Much of this activity has been due to the advent of 3D seismic technology, which continues to add significant value to existing properties.  The additional reserves attributable to the development and exploration activity just mentioned were not figured in the determination of reserves at the time of purchase, however they would in effect, almost double those proved reserves listed.


 

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