New Ventures

Strategic Overview

Gazelle Energy Limited (GEL) was founded by technical professionals with 30 years of experience and successful prior petroleum company start-ups. The company objective is to create shareholder value through acquiring a portfolio of international petroleum assets.

GEL acquired its first asset in January 2019, Block F17-b4 in Thrace, Turkey, and is actively seeking other investment opportunities to add to the portfolio.

Our strategy is to identify and acquire assets with:

• Low cost-of-entry.
• Robust project economics.
• Near term cash-flow.

Key Criteria for Portfolio Assets

• Basins must have a proven petroleum system.
• Opportunity via appraisals of existing discoveries or redevelopment of marginal fields.
• Exploration opportunities in the vicinity of the discovery.
• Technology-driven with the scope to apply expertise in subsurface interpretation and modelling, and drill horizontal or high angle wells with modern fracture stimulation and completion technology to achieve or enhance commercial rates.