Arawak aims to become the leading independent oil and gas company focused on the FSU.

The Company is well positioned to leverage its regional knowledge and relationships to fully develop its existing assets and to take advantage of new opportunities. Our current portfolio provides exposure to a balance of production, development, appraisal and exploration assets. It is Arawak’s intention to maintain this balance within its portfolio.

Arawak plans to deliver sustained organic growth by exploration and increasing production from its existing oil and gas blocks. We will also deliver growth through the acquisition of carefully selected assets. We intend to use our in-depth knowledge and understanding of the FSU to seek available opportunities for expansion via the award of new contracts and licences, and corporate acquisitions.

The Company has maintained its principal staff centres in regional cities close to areas of existing operations in order to reduce communication distances and maximise control. Arawak believes that strict compliance with all local and regional laws and regulations is an essential ingredient of success in the FSU.

In the future, Arawak may seek to rationalise its portfolio of assets, focusing on large Company-operated producing units and spreading exploration risk wider through alliances. In addition, the Company may diversify its activities to include other countries while maintaining its main focus on the FSU.