History & Growth

Established in 2014, we have grown organically and through strategic transactions to become one of the highest quality small-cap oil and gas companies listed on the AIM market in London 

The company was formed in 2014 and executed a £500k reverse takeover of the London listed company Trap Oil Limited in 2015.  We recapitalised the business, refocused the asset portfolio on the core UK North Sea licence area we have today and established an exciting and fully funded position in one of the UK’s most material oil development projects. 

The delivery of this strategic plan has been made possible by attracting industry funding and investment into our capital expenditure programmes, along with prudent cost management, resulting in only £43 million of equity being raised since inception.  With the redevelopment plan in the process of being prepared for our core asset, the Buchan oil field, which lies at the heart of the Greater Buchan Area, we are poised to unlock many multiples of this value for our shareholders.

The GBA is estimated to contain gross discovered and recoverable oil volumes of over 100 million barrels across the Buchan field and the Verbier and J2 discoveries, along with significant additional exploration upside opportunities.