JOINT

The

Strong cash flow and Liquidity allows us to grow exponentially, as it is directly correlated to the ability to maximise profits and the number of deals financed.

The UK agriculture sector is dynamic, with a post Brexit world presenting a wealth of opportunity. The beef sector is a laggard behind further developed sectors such as pig or poultry.

This presents an enormous opportunity for a disruptive model.

KEY STATISTICS

Strong production growth and low operating costs
» Production forecast to double by 2022 >160 Mboepd
» Industry leading opex ~4 USD/boe

Continued focus on organic growth 
» Proven track record of company making discoveries
» Pipeline of future organic growth opportunities

Financial transformational years ahead
» Strong cash flow generation and liquidity
» Capacity to fund growth, repay debt and pay dividends

Value realisation
» Sustainable dividend growth

Strong production growth and low operating costs
» Production forecast to double by 2022 >160 Mboepd
» Industry leading opex ~4 USD/boe

Continued focus on organic growth 
» Proven track record of company making discoveries
» Pipeline of future organic growth opportunities

Financial transformational years ahead
» Strong cash flow generation and liquidity
» Capacity to fund growth, repay debt and pay dividends

Value realisation
» Sustainable dividend growth

Strong cash flow and Liquidity allows us to grow exponentially, as it is directly correlated to the ability to 

Letter to Investors

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