ZPL Energy continues
to seek oil exploration opportunities in the Middle East region
and has over the past 27 months been directly involved in discussions
for that purpose with key decision makers. The company has
set aside funding capable of full field developments if successful
in an award. The company is also considering expansion thru
acquisition if an attractive asset becomes available.
West Africa operations are ongoing, and will expand later
in the 3rd quarter of 2011. Revenues will be re-invested in
the region and shall also provide financial support to the
Middle East expansion along with our proposed investor funding.
In addition the company’s owner invest in other operations,
which include drilling, completion product design and manufacturing
of down-hole tools. This investment provides products to the
E & P Company during completion operations.
Our service company operations have ventured into the provision
of OCTG with proposed storage and stocking yards in key areas
within the Middle East region in order to support ZPL’s
E & P operations and provide a ready source of products
for other operators.