Fremont Petroleum Corporation Limited (ASX:FPL)
Fremont Petroleum Corporation Limited (ASX:FPL) is an oil and gas production and development company with operations in Kentucky, Tennessee, Virginia and Kentucky.
Fremont Petroleum is focused on growing production through improving current asset performance and opportunistically acquiring onshore oil & gas assets in the US with the following characteristics:
- producing conventional oil & gas wells;
- production that can be improved through low-cost field operations and workovers;
- leases that do not require ongoing drilling commitments; and
- economies of scale achieved through acquiring and carrying out similar enhancement strategies on nearby fields.