Melrose Resources
Description
Melrose Resources plc is an oil and gas exploration development and production company with interests in Egypt, Bulgaria, Romania, United States, France and Turkey. Melrose has a balanced portfolio of producing assets, development projects and exploration interests. The Group's activities range from frontier exploration in upper Egypt to mature enhanced recovery projects onshore in the USA. Significant production is generated in Egypt, Bulgaria and the United States. The company's strategy is to maintain a balanced portfolio of production, development and exploration assets in politically stable and low cost environments. Melrose aims to hold material working interest positions, preferably as field operator, in upstream assets that offer significant upside potential through exploration or field development.