OUR COMPANY

B.C. O&G is an aggressive independent privately owned oil and gas exploration and production company oriented toward finding a productive sustainable economic niche in the ever-changing petroleum and petrochemical marketplace –especially the oil and gas and/or energy industry.

The business philosophy of B.C. O&G is rooted in the belief that tremendous opportunity exists in the evaluation and redevelopment of older oil and gas abandoned and/or producing wells, using appropriate high-tech exploration strategies that can efficiently and effectively employ modern seismic data interpretations, sophisticated and detailed geology and state-of-the-art geophysical and/or petroleum engineering solutions.

B.C. O&G concentrates on in-depth petroleum, geological and engineering evaluations near complex coastal waters of America, Africa and Europe while prospecting for oil and gas. These areas are known geologically to consist of substantial historical and traditionally abandoned so-called non-economical reservoirs which were bypassed by larger companies.

Defined by performance excellence B.C. O&G can successfully and economically re-explore and exploit these relatively low risk opportunities (abandoned well) sites, add more value to its overall reserves by exploring residual untapped reservoir environments within into more detail. These relatively low risk reserve additions, when coupled with an ability to drill and operate at costs below industry norms, could yield higher than normal rates of return and rapid payout of capital expenditures, resulting in excellent returns for our long-term investors.

At B.C. O&G we focus on minimizing geological, exploration, drilling and production risks by specifically considering only tenable prospects with low risk for drilling high production potential and proximity to substantially producing wells or abandoned marginal wells. We normally drill and produce a well that offsets existing production those commonly referred or a well that has been abandoned for inadequate or insufficient production which are refer to as “marginal wells.” B.C. O&G will “only” drill and produce in proven fields with currently producing wells, or abandoned but productive wells, and in areas known for abundant and extensive hydrocarbon reserves.

VISION

Black Crystal Oil and Gas’ Black Crystal Oil and Gas’ vision is to “become the premier, largest, privately owned, independent and environmental friendly producer of oil and natural gas in the world.” As an independent, privately-owned, international Oil and Gas Company, we are growth and performance excellence driven and are committed to environmental safety. We leverage latest scientific technology to produce efficient and cost-effective energy to enhance our growth and development.

Our organization promotes supports and actively encourages good ethical professional and competent petroleum, geological and geophysical engineering practices. We plan to collaborate with other companies, institutions and governments in leading economic exploration programs and practices that espouse performance excellence in all aspects of our oil and gas exploration, production and distribution that can add value to our own operations and supply chains.

MISSION

Black Crystal Oil and Gas’ primary mission is to “consistently find crude oil reserves and successfully produce oil and natural gas to further develop, enhance, and sustain our long term growth and increase our stakeholders’ value.”

To achieve this mission, we continuously strive for superior financial returns on investment through aggressive exploration, acquisition, and production of excellent oil and gas prospects; investments in old fields, farm-out, leases, and abandoned wells; petrochemical properties, etc. At the same time, we plan to protect and preserve the quality of the environment using current and available technology for exploration and development of oil and gas fields.

Our corporate vision and mission statements are the driving forces for action; they are the catalysts that drive our professional and business operations. We are committed to full-scale domestic, national and international acquisition, exploration and production of produce-able, affordable, and available oil and gas fields. B.C. O&G will promote and provide petroleum crude and petrochemical or natural gas related services necessary to improve the lives of people and the environments they work and live.

In the pursuit of this mission, the following are our clearly stated and reiterated objectives:

  • Improve earnings and profits by achieving superior financial returns on investment and exceed the needs and expectations of our owners, investors and customers at all times by continuously providing best-in-class practices
  • Continuously promote new technological research and enduring but excellent products and services.
  • Invest prudently in our human capital as a driving asset for growth and development.
  • Continuously operate in an environmentally responsible manner and leave minimum carbon footprint possible in the course of our exploration, drilling and production activities.
  • Protect and preserve the quality of the environment using available cost effective and efficient technology.
  • Engage in collaborative efforts with members of academic institutions to develop and maintain an efficient, state-of-the-art technology for use in the exploration and production process.
  • Provide uncommon quality customers services in a highly ethical and professional manner despite complex and demanding petrochemical market environments.
  • Develop, provide and deliver consistently quality products and services to a variety of clients in the private and public sectors while maintaining our corporate values and professional integrity.
  • In the absence of governmental regulations, our company pledges to always use “Best Management Practice (BMP) and common sense; ethical and rational judgment; solid economic base decisions making process in conducting its affairs.
  • Encourage and enforce implementation of organizations’ policy of best-in-class business practices.

These objectives were developed because our organization is dedicated to finding practical solutions to enhance and practice efficient oil and gas exploration and production methods, while taking into serious consideration environmental issues and concerns emanating from the petroleum industry.

We plan to achieve these objectives by increasing our oil and gas reserve findings, improving production, and increasing available cash flow assets. Today, we are one of the smallest national independent oil and gas producers in the world. However, we proactively look forward to growing bigger and doing better things in the future.

We currently partner with more than 10 companies and expect to be partners with several more companies in more than 50 new oil blocks bidding- rounds globally by the year 2020.

Our strategic plan is to:

  • Develop new prospects in areas that have been previously abandoned by major producers and other independent oil and gas producers for technical, not economic, reasons.
  • Expand our current operations to Africa, Europe, Canada, and South America, thereby increasing our production and asset territories
  • Continue our successful track record of sourcing external prospecting and using third party finds to increase production, and to locate producing oil and gas fields, reserves and future prospects, locally, nationally and internationally via the most economic methods.
  • Increase our direct participation and investment involving the use of third-party-generated drilling prospects and/or outright acquisitions.
  • Increase our marginal wells involvement with major producers either through profit-sharing or outright acquisitions.
  • Develop and encourage our strategy for extensive farm-out operations and/or full acquisition programs
  • Establish a long-range drilling partnership program with reputable drilling companies (with the possibility of acquiring our own drilling rig(s) in the future)
  • Increase the numbers of our internally generated prospects with promising results, based upon the record of our drilling program.
  • Develop national and international market for our production and prospects.
  • Achieve rates of return of 70-100% per annum with payouts of less than 12 to 24 months.
  • Continue successful drilling and recompletion programs in core areas of our operations--especially in new discoveries in Africa and along the Gulf Coast, New Mexico, Canada and Alaska.
  • Continue and fully participate in multiple outside-operated drilling prospects with other partners and foreign governments.
  • Generate or participate in more than 100 producing wells, with at least a 75% success rate by 2020.

Our long term strategies is to collaboratively partner with others, invests competitively and use breakthrough technology to develop and grow our oil and gas operations, while working safely to drive performance excellence. Using innovative technology that enhances growth and improve operating efficiency we are committed to exploring, developing and producing oil and natural gas to meet the growing world demand.

Our broad base of expertise, coupled with logistic technical and strategic alliances with key partners, competitors, vendors and process licensors in the oil and gas industry allow us to competitively perform at our best. We have been able to plan and position our company for active independent explorations, joint-venture participation in the on-going play for oil extraction from the vast oil sands in Canada, the shale play in the U.S and the undiscovered and discovered oil and gas resources in major African countries.

Black Crystal Oil Gas

“Excellence is a habit and it is the soul of our business”

P. O. Box 794734 Dallas, TX 75379-4734. USA. Email: mail@blackcrystaloilandgas.com