Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Maintained outstanding occupational health, safety, and environmental track record with zero Lost Time Injuries (LTIs) and only one near miss.
• Implemented all COVID-19 government measures for safe operational management.

Social Achievements

• Assisted with building a school in Italy.
• Focused on building positive stakeholder relationships.

Governance Achievements

• Adopted the Quoted Companies Alliance Corporate Governance Code 2018.
• Established four committees: Audit, HSE/Technical, Nominations, and Remuneration.

Climate Goals & Targets

Environmental Challenges

• Availability of funding for a small-cap energy company.
• Fluctuations in commodity prices (oil and gas).
• Oil and gas exploration and production risks.
• Health, safety, and environmental matters.
• Changes in law, regulations, or government policy.
• Alignment with joint venture partners.
• Dependence on key personnel.

Mitigation Strategies

• Strategic focus on acquiring and developing an asset portfolio aligned with the energy transition.
• Prudent cost management and rigorous evaluation of investment opportunities.
• Entering into fixed-price gas sales agreements.
• Conservative price forecasts for new investments.
• Focus on responsible operation and adherence to regulatory standards.
• Active participation in joint venture management.
• Appropriate incentive packages for key personnel and a challenging work environment.
• Internal team management of key initiatives.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI, TCFD