ARC Energy Ltd
ARC Energy Ltd (ARC) is a publicly listed Western-Australian–based petroleum production and exploration company focused on the north Perth Basin, about 360 kilometres north of Perth.
ARC has consolidated a major position in the most prospective part of the onshore Perth Basin; developed and operates key infrastructure for the area; has a solid earnings base from oil and gas production; employs an experienced management team with proven project execution skills; maintains a strong balance sheet; and has outstanding near term exploration potential.
ARC's clear and focused corporate vision is to become a major Australian oil and gas company through organic growth and value adding to its existing assets.
To achieve its goal, ARC maintains a focused asset portfolio and simple corporate and commercial structure.
The strategy for its Perth Basin assets is to:
- Produce cash flow from new discoveries as quickly as possible;
- Drill as many exploration prospects as possible to replace and increase reserves; and
- Add value to its existing assets by commercial and technical innovation.
ARC has provided the Xyris Gas Field in the Perth Basin as the demonstration site for Cool Energy's CryoCell® Technology. ARC is committed to supporting the development of oil and gas technologies in Western Australia and providing this site allows them to meet that objective. Fees for services provided to the demonstration project will be re-invested in Cool Energy, another example of ARC's commitment to technical innovation to support the growth of both the company and the oil and gas industry.
For further information about ARC, please visit www.arcenergy.com.au
