Key Guidelines

Major influences governing the selection of any particular oil and gas investment are as follows:

  1. No involvement in companies with significant exposure in the Middle East, Russia and former Soviet Union;
  2. Relative value;
  3. A significant proportion of the fund will always be invested in the larger junior oils based on their relative value and better liquidity;
  4. A substantial proportion of the fund will be invested in oil and gas companies with a relatively small market capitalisation. In addition, funds will be kept available to invest in new issues;
  5. Companies with major new discoveries and active drilling programmes will be of particular interest in the hope that the resources will in due course become larger than those first announced;
  6. The area of exploration and development will be focused on those companies exploring the most promising areas for new oil and gas discoveries.