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

We believe that the Company is well positioned to leverage its regional knowledge and relationships to take advantage of new opportunities and fully develop its existing ones. 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 intends to deliver growth to investors both organically by increasing production from its existing oil and gas assets and through the acquisition of carefully selected assets.

We intend to use our in-depth knowledge and understanding of the FSU to seek the available opportunities for expansion through both the award of new contracts and licences and corporate acquisitions.

We believe that the Company is well positioned through its geological and geophysical evaluation capabilities and the expertise base of its Russian and Canadian technical teams to evaluate the potential of oil and gas opportunities in the FSU and elsewhere.

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, and we will continue to focus on this.

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