Founded in 2004 by Richard Visick with co-founder Sam Moody along with key technical consultants David Bodecott and Keith Wiliams. Admitted to AIM during 2005 with Pierre Jungels as Executive Chairman, Sam Moody as Managing Director, Peter Dixon-Clarke as part-time Finance Director, Keith Williams as part-time Exploration Director and David Bodecott as lead technical consultant.
Acquired licences PL023, 24, 32, & 33 100% as Operator and farmed in to Desire Petroleum licences PL003 & PL004 for a 7.5% interest.
Operated two 2D surveys, a 3D survey, two CSEM surveys and various EIA & benthic surveys. Raised sufficient additional capital in late 2009 to share the Ocean Guardian drilling rig with Desire Petroleum to drill two firm wells on the Sea Lion & Ernest prospects.
Following completion of the 3D seismic over the Sea Lion area, Keith Williams, exploration director since the admission to AIM retires with the Board’s thanks for his contribution. David Bodecott becomes exploration director. A high quality team of technical consultants completes the technical interpretation under his guidance and Sea Lion is selected as a well location.