The key asset of the Group is the petroleum and mineral rights vested in the leasehold area in the City of Gonzales (which is located in the Gonzales oil field, Texas, USA), held by the Company’s operational indirect subsidiary, Nobel Petroleum USA, Inc.

The Company plans to actively manage its existing asset and, when practical, to secure additional oil and gas assets. Active management may, depending on circumstances that exist at the time, include divestments, acquisitions, farm ins, farm outs and exchanges of interests. The Company will also evaluate opportunities to acquire producing or near-producing assets to complement its current asset and will look to expand through investing in new ventures in North America when financially capable.