Company description
We screen the industry for the best developmental prospects available with the best operators in the business. After over 20 years of doing business with many other oil exploration companies that generate prospects, we receive a steady flow of prospects to review.
U.S. Emerald waits until projects are ready. We will only look at a deal after it is completely leased and researched, and seismic shot and reprocessed - in other words, when the deal is ready to drill. This allows us to look at a lot of prospects and cherry-pick only the very best. It is from this pool of completed ready-to-drill prospects that we start the evaluation process. In each prospect selection cycle, we are typically approached to look at 50 to 100 oil and gas prospects. We can usually narrow them down to four or five solid developmental prospects to research and do our due diligence on in great detail. Part of that due diligence process involves having the prospect broken down and rebuilt by one or more independent geologists. This process will often kill a couple more of the prospects, and from the remaining set we pick the best one available based on all relevant considerations, including when it will drill.
This process has allowed us to pick very solid developmental and well-researched prospects, and has given us a very good track record for over 20 years.
