The Group and its subsidiaries are planning to grow in key countries throughout the Middle East and North Africa. This growth to be by means of investment in the existing assets and the acquisition of new assets. Dove Energy plans to efficiently pursue new acquisitions during the current low oil price cycle. New acquisitions means by way of through licensing rounds and new applications for acreage, farmin arrangements and corporate acquisitions.

The team at the new headquarters in Dubai will be charged leading this growth in the region. The team will set out to secure additional new funds for the aggressive growth plans and identify new opportunities for investment.

Please contact us for more information.

Block 73 Farmout Opportunity

Dove Energy Limited (Dove) owns and operates the block with a 92.5% equity. The State owned Yemen Company holds 7.5% and is carried for costs. Phase 1 obligations have been met and the block entered Phase 2 in January, 2009. Dove now wishes to Farmout up to 50% equity in line with corporate guidelines on risk management.

Additional details are available in the Farmout Flyer. Follow link below to download. No data, other than the “Flyer” will be made available until the Dove Confidentiality Agreement has been executed.