We aim to build a portfolio of high quality oil and gas assets, which we will then commercialise or monetise to achieve maximum return for our shareholders, business partners and host governments.
To enhance shareholder value in a way that also benefits the people and places where we operate. Our track record demonstrates the importance we place on relationship building.
NewAge aims to be a full cycle exploration and production business and a long-term partner to governments and businesses in the countries where we operate.
Strategy for creating value
Our strategy is to build a portfolio of high quality oil and gas assets in and around selected proven petroleum basins in Africa through the acquisition of early-entry, stranded and undervalued discovered resources and attractive exploration areas. We then commercialise or monetise these to achieve maximum return for our shareholders, business partners and host governments.
NewAge specialises in early stage appraisal and development activities, maturing discovered resources to production, whilst adding value at each stage of the upstream value chain, from exploration to production. We seek to balance risk and reward and Africa offers a unique opportunity to discover new oil and gas plays.
Our focus is on three key areas:
- Near-field opportunities in West Africa
- Early opportunities in rift and transform margins
- High impact prospects in proven petroleum basins
Build a portfolio of high quality oil and gas assets in emerging or undervalued regions in known petroleum basins in Africa, with a balance of risk and reward
Appraisal & Development
Move early for upside opportunities, develop resources at optimal costs, seek high value solutions and project manage for capex efficiency
Maximise returns, operate cost effectively, look to extend life-of-field, operational excellence