NEW WAVE ENERGY - A TECHNOLOGY-BASED ENERGY COMPANY DESIGNED FOR THE CURRENT TRANSITION ERA.  

New Wave Energy (“NWE”, “Company”) is an independent, privately owned, Norwegian registered oil company. NWE is focused on acquiring a portfolio of oil producing assets with existing cash flow each of which have demonstrable upside potential. The Company has access to a suite of unique proprietary technologies enabling the screening and identification of suitable targets with currently unidentified upside opportunities.  Company growth is expected to be achievable through enhanced production rates and life of field extension through the reliable identification of existing and bypassed in field oil along with any near field exploration potential.

Separately, the Company intends to investigate the suitability of its maturing reservoirs for future sequestration and storage of CO2 enabling further deferral of abandonment with the consequent financial return improvements.

The Company has the benefit of a strong Team of seasoned industry experts with the requisite skills and experience to deliver on the Company objectives. Key team members have previously successfully negotiated both acquisition and sale agreements for similar assets and built organisations to manage them. They have previously demonstrated their ability to leverage technology to revitalise maturing hydrocarbon producing fields.

Since the company inception, the Team has concentrated on screening and selecting the most appropriate geographical regions to execute on its business plan. Within those regions NWE has identified a number of suitable opportunities and potential acquisition candidates. These assets will be secured by a combination of direct purchases, farm-ins and/or strategic partnerships. Initially, the Company will focus on non-operated assets but with a clear objective to achieve operatorship, with its attendant increased level of control, in the future.

The target assets will most likely be mature to ‘late life’ oil producing assets which may currently be non-strategic or unloved by their owners.

During the company ramp-up phase, the efficacy of the technology suite has been proven through a multitude of test projects. These have clearly demonstrated the capability to provide new insights into producing reservoirs including significant upside potential.