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Petrosearch
Building Shareholder Value
Petrosearch Energy Corporation (OTCBB:PTSG)
is a Houston based independent exploration and production company which has evolved to focus
on a significant oil and gas resource play in the United States.
THE MISSION
Our Strategic Goal is to build intrinsic shareholder value through focused operations
and a low cost structure. Our Near Term Goal is to bring to the Company additional production
and revenues from our existing Waterflood Project. Since the sale of our Barnett Shale asset in June 2008 the Company has been
pursuing strategic alternatives to enhance shareholder value.
STRATEGIC HIGHLIGHTS
- A majority of our capital expenditures planned through 2008 will focus on revenue
and income growth through the drill bit in our core area
- The Texas Panhandle waterflood project
(38 locations – currently 100% owned/operated)
- Our high quality oil and gas assets will allow us to have multiple year growth potential
allowing us to align our financing needs with the capital needs of our projects
- Our core asset will allow us to re-invest our capital into our project to enhance
the rate of return
NEAR TERM HIGHLIGHTS
- Texas Panhandle Anadarko Basin waterflood pilot well is on line and first phase
is in process
- Water treatment facility on the lease is providing the water needed for the waterflood
INVESTMENT CONSIDERATIONS
- A Tightly Focused Model for propelling cash flow from our core area
- Net Proved Reserves approximately 1.5 million boe as of 12/31/08
- Market Price below Net Asset Value
- Seasoned and Experienced Management Team
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