Overview
Central's primary goal is stable growth through quality oil and gas property acquisitions, maximum operational efficiency, and development of proved reserves. With its staff of highly experienced and capable professionals, the Company has the ability to maintain a technically superior, yet cost effective, operational capability, thus insuring the maximum return on investment to Central and its partners.
The key element to Company growth is the opportunistic acquisition of producing oil & gas properties. Utilizing a broad base of professional relationships with both major and independent energy companies, Central has demonstrated an internal capability to identify, evaluate, negotiate and then selectively acquire minimal risk producing properties with significant upside potential.
Exploitation potential is typically a prerequisite to our acquisition strategy and is coupled with the prospect of development drilling or the application of secondary or enhanced hydrocarbon recovery techniques.
The Company has demonstrated an ability to operate successfully in geographically diverse locations due to the adherence to a strict set of acquisition criteria: Predictable and long-lived reserves from mature fields, significant and well-defined upside potential, quantifiable lease operating expense and capital expenditures, identifiable post acquisition operational efficiencies, hospitable physical environments (including wells of shallow depths), stable and reputable foreign governments, respected legal systems & tax structures, and significant ownership and operational control.
Subsequent to acquisition, emphasis shifts to reserve enhancement through improved operations. The Company has the ability to effectively manage and operate oil and gas properties by constantly reassessing each producing property and the searching for improved operational efficiencies.
Conversely, market conditions occasionally dictate that divestment of previously acquired properties is necessary to maximize return on investment capital. The driving force in realizing our year over year growth and profitability profile is recognizing and then capitalizing on all the varied opportunities as they arise. A noteworthy expertise developed by Central is its ability to significantly increase proved reserves by noticeably reducing rates of production declines. The reductions of decline rates occur through quality improvements in field management and detailed operational analysis, typically achieved with minimal or no capital expenditures.
