Acquire and enhance conventional, low risk oil and gas producing assets. The Company has grown rapidly over the last few years, capitalising upon opportunities to acquire and enhance conventional, low risk oil and gas producing assets. Mojek Resources owns and operates gas and oil producing wells in Alberta. The Company's operations are based in Central West Alberta. Mojek's strict focus on cost controls, maintained through a combination of labour and cost efficiencies, ensures we maintain low-cost operations, thereby maximising profitability and enabling the company to generate free cash flow even during low commodity price environments.
Capitalise on the opportunity to acquire complementary producing conventional oil and gas assets in Western Canada starting from Alberta. Our target assets are characterised by predictable production rates, long-life (50+ years), and low decline rates.
Our goal is to maximise production from our portfolio through the deployment of rigorous field management programmes and accelerating or extending production by deploying new extraction technology and/or refreshing decayed infrastructure on poorly maintained wells. Through operational and cost efficiencies, we have demonstrated our ability to maximise value by enhancing production whilst lowering costs, resulting in low operating costs.
Mojek's vast portfolio is comprised of approximately 38,500 leasehold acres and high volume of Developed Non-Producing Oil in Place, provides a significant opportunity for organic growth through workover and drilling activities. As a result of our focus on conventional light oil formations, our wells are low-cost and operationally low-risk, ensuring we retain strict control of workover, drilling and completion costs. Mojek can activate a low-risk development programme in a favourable commodity pricing environment that ensures a quick return on investment.
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