The Bridgeport Vision
The Company aims to generate sustainable cash-flow by acquiring producing petroleum assets and exploiting additional reserves within those assets. Success will continue to be achieved by capitalising on opportunities in the sector through:
- Acquiring mature, under-exploited oil and gas fields; and
- Purchasing producing assets arising from company restructurings.
In accordance with the Company strategy, value will be added through cost effective capital enhancement programs to existing properties by:
- Extending field life through efficient development or redevelopment of existing reserves;
- Accessing un-drained reserves through infill drilling;
- Implementing secondary and tertiary recovery methods;
- Exploring other upside and potential opportunities within permit producing blocks, including the development of bypassed hydrocarbon pay; and
- Achieving organic growth through petroleum discoveries from exploration drilling.
As Bridgeport grows, it will become an even more diversified low cost operator with expertise in field decommissioning by making the most of economies of scale with regard to personnel and equipment and the drilling of cost effective wells through alliances with preferred drilling and third party suppliers and contractors.
