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Mission Statement

GlobalAtlantic Petroleum is committed to utilizing United Kindom 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.

*  Work in countries with favorable fiscal terms where we earn world market prices.

         *   United Kingdom

                     *   12.5% royalty, no production tax

                 *   VAT exempt on exploration licenses, refunded on production leases

                 *   Oil: Brent less $3-5, Natural gas: +/- $7/mcf

                 *    Currently produces less than 5% of oil and gas consumed


           *   Pursue projects that will permit development from existing cash flow, without the                              need to tie up excessive capital building reserves.

         *   Maximizing returns by reducing drilling and operating costs by efficient drilling practices,                  planning for scale, and partnering out risk.

         *   Utilize modern technology developed in the U.S. in relation to seismic, horizontal drilling,                  and stimulation to enhance and commercialize production.