Ambit Energy Corporation is a privately held, international oil and gas exploration and production company incorporated in 2005, under the Business Corporations Act, Alberta (“ABCA”). The Corporation is headquartered in Calgary, Canada, and has offices in the UK and in Nigeria.
The business plan of the Corporation is to identify, evaluate, acquire participating interests in, and exploit potentially attractive E&P opportunities in West Africa, with an initial focus on the Niger Delta Basin in Nigeria.
Backed by a stellar management team and an operations team with an impressive track record of achievements in the international oil and gas business, Ambit is well positioned to achieve its objective of creating substantial value for its shareholders.
Ambit’s objective is to deliver substantial shareholder returns by an enterprise value of US$1 billion to US$5 billion in five to seven years.
Ambit will achieve this by:
- Purchasing significant proved producing and proved non-producing assets (Drilled Discovered Assets), as well as exploration assets with reasonable risk, at attractive prices in Africa
- Utilizing a unique corporate structure and business model, based on Nigeria’s indigenous concession program, that delivers twice the returns being delivered by the competition
- A focus on achieving first oil and positive cash flow in the shortest possible time
Ambit’s initial focus will be in the Niger Delta Basin area.