1.Large scale oil and gas project in a very under-explored, overlooked region.
2.Good technical information available from past operators; point to advanced exploration project with very strong prospectivity: multiple 150+mm barrel recoverable prospects already identified by previous operators.
3.Surface evidence, up-dip to the east of the block, of oil generation and consequential active petroleum system being present.
4.First and only well drilled on the south west corner of the block has been classified by the previous operator as a non-commercial gas discovery.
5.Excellent PSC economic terms in a stable, supportive, geo-political environment, where Western capital investment is strongly encouraged.
6.Experienced successful management team that are personally heavily vested into the company.
7.Excellent large-scale, project of ~3 million acres with strong evidence of the presence of both oil and gas resources in the project area.
8.Significant work done by previous two operators over last 25 years, accumulating an associated large amount of valuable historic data and drill ready prospects.
9.Conservative and attractive project valuation.
CamCan Energy Limited is an international oil and gas exploration company focused on south-east Asia. On Oct 7, 2013, CamCan was awarded a major oil and gas concession in Laos totaling approximately 3 million acres in a proven marine basin with an active petroleum system. The project area is vastly under-explored with only one drill-hole to date which has been classified as a non-commercial gas discovery.