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COPYRIGHT 2006 Hart Publications, Inc.
Oil and Gas Investor: Describe your company's strategy.
Berilgen: Our strategy is to increase stockholder value by profitably increasing our reserves, production, cash flow and earnings using a balanced program of." developing existing properties; exploring undeveloped properties; completing strategic acquisitions; and maintaining financial flexibility. The following are key elements of our strategy:
* Further development of the significant remaining upside potential of our properties.
* Exploration growth focused in the niche areas in which we have technological and operational advantages.
* Target opportunities where we believe our reservoir management and operational expertise will enhance the value and performance of acquired properties.
* Maintain the technological expertise that helped us to achieve a historical drilling success rate of over 80%.
* Strive to minimize our operating costs by concentrating our assets within specific geographic areas.
* Actively manage our exposure to commodity price risk in the marketing of our oil and natural gas production.
OGI: Describe your core drilling and production areas.
Berilgen: We own a geographically diversified asset base comprised of long-lived reserves along with shorter-lived, higher-return reserves. Approximately 96% of our reserves are natural gas, and almost...
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