Berkay completed a Master of International Relations at the University of Melbourne in 2015 before working in a number of research and communication roles. Prior to joining Proactive Investors in 2018, Berkay worked as a researcher and reporter in the mining industry, focusing on Australia and Africa. He has a strong interest in global affairs and the politics of mining.
The company continues to generate positive cash flow with field operating costs at or below US$30 a barrel.
The increased production rate is a result of completed optimisation projects.
The co-investment by Shenghe strengthens the opportunity to finalise a strategic development plan for the Kvanefjeld Rare Earths Project.
The company aims to expand its portfolio of hydrocarbon resources as it prepares oil and gas projects for production and continues its regional exploration work.
Gas production is growing as further coal enters the critical desorption window.
The due diligence conditions for the acquisition were not met.
The company is also evaluating potential onshore acquisition targets to complement it’s the oil properties in its portfolio.
On-site operations team and technical experts continue to manage the development of the gasification chamber toward commercial flow rates.