Exploration

Exploration means more than drilling. First we secure permits, survey properties, arrange 3D seismic shoots, choose drill targets, and hire a rig. Then the drilling begins.

Not surprisingly, all this takes time and money. But at Pemberton Energy, our commitment to increasing shareholder value drives us to find efficient and cost-effective exploration solutions, such as:

• scheduling seismic projects when surrounding crops are in hiatus to effectively lower projected expenditures
• exploring joint ownership of a drill rig to significantly reduce oilfield service costs while potentially creating an added revenue stream

Of course, the focus of exploration is production, which means further development.