Identify and license low-risk, previously relinquished undeveloped discoveries. For instance, the decision makers at that time did not have the benefit of additional local infrastructure or pipeline ullage that has been added since. We then deploy new, reprocessed, and higher resolution data that is now available to reaffirm the economic viability of the discovery, and eventually synthesize a development plan using innovative techniques and software tools.
Aim to acquire mature production assets that are closer to the beginning of their decommissioning phase where we can leverage other assets in the region to extend its life and capitalize on our ability to structure the financing of the decommissioning liability in a unique and cost effective manner.
Through joint ventures and partnerships, it is our goal to create alignment of interest in the region to extend the life of the local infrastructure thereby enhancing the viability of several other blocks in the region that may not be otherwise economical to develop.
Tangram is fully capitalized through shareholder funds and has access to highly sophisticated market participants that are able to tap into their vast network of investors and financiers. The Management team is able to deliver efficient corporate capital structure to obtain optimum risk reward for the shareholders.
Tangram is eager to partner with like-minded, well-funded partners that echo the philosophy of the management team and are committed to generating significant shareholder value through innovation, technology and creative approaches.
LICENCE P2359 (SAMEDI)- UNDEVELOPED OIL DISCOVERY
LICENCE P2440 (UNO) - UNDEVELOPED GAS DISCOVERY
LICENCE P2421 (SKYE) - UNDEVELOPED OIL DISCOVERY