Ambit Energy Corporation is a privately held, international oil and gas exploration and production company with its initial focus on building value from oil and gas assets in the Niger Delta Basin in Nigeria and other West African jurisdictions.
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 from an initial capital investment US$350 million.
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.
