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UK has significant oil and natural gas resources that have
been fully developed. With favorable fiscal terms and high netbacks,
we believe there is vast potential in the country. We are utilizing 3D
seismic data, horizontal drilling and multistage completions to
increase production in UK.
GlobalAtlantic Petroleum is committed to utilizing United Kingdom technology to prove, define, and develop resource play potential and deliver growth for its shareholders.
Prioritize opportunities and execute a balance of near-term and longer-term projects to maximize potential.
Acquire assets with known production or verifiable show wells.
Pursue projects that will permit development from existing cash flow,
Maximizing returns by reducing drilling and operating costs by efficient drilling practices,