In partnership with
other companies in this industry, we have hitherto been engaged in the
development and operation of fields to extract crude oil and natural gas.
However, with greater
access to capital, which enhances our ability to secure drilling rights, purchase
or lease of equipment, and acquisition of smaller companies, FortHill Energy
Limited is poised to become one of the largest Nigerian oil and gas investment
companies, based on equity market capitalization and other critical parameters.
Forthill is a 5%
equity holder in the Tom Shot Bank (TSB) marginal oil field asset. The TSB
concession is located near OPL 276, in South East of Niger Delta, Nigeria; 11
km north of Oron field and also 14 km south west of Abana field (Moni Pulo). Tom
Shot Bank concession is an offshore concession situated about 4 km from the shore
and covers an area of approximately 20 km square.
Forthill has acquired
a 5% equity interest in OPL 286-DO (Deep Offshore) with BG Group (now acquired
by Shell Petroleum) as the operator of the asset.
Forthill has also
acquired a 3% Participatory interest in Block 4 of the Nigerian São Tomé Joint Development
Zone (JDZ).
