Future Plans
The company's priority is to restore our existing oil and gas assets to commercial production. The clustered location of the six fields in the Pannonian Basin will facilitate operational and logistical synergies.
Blackstairs views the Romanian oil and gas sector as an attractive area for long-term investment and business development. The government has put in place a transparent licencing system for both exploration and field rehabilitation projects. A 10th.Licencing Round, offering extensive exploration acreage, is planned in 2009. Given the significant level of activity in the country, Blackstairs continually assesses opportunities for farmins, company acquisitions and joint-ventures.
