Company Overview
Tallahassee Exploration is an oil and gas company active in low-risk property exploitation and strategic acquisitions in Western Canada. The Company has an extensive inventory of low-risk oil and gas development assets.
Tallahassee Exploration has a healthy mix of oil, liquids & gas portfolio with 4 focused core exploitation regions within Canada. We focus on lower risk, undervalued oil & gas production acquisition portfolios and further exploitation of these assets.
The asset-based portfolio is well spread and de-risked with an estimated 700 oil & gas wells on a gross level basis, with direct Tallahassee managed and operated interests in 400 wells, and remaining as non-operated with varying working interests and/or royalties across Alberta (AB), British Columbia (BC), Manitoba (MB), and Saskatchewan (SK).
We take pride in maintaining a long-term focused, financially stable company, including:
1. FULLY EQUITY based investment till this stage
2. Focused on HIGH QUALITY & MARKET DRIVEN DISTRESSED ASSETS acquisitions with equity raised.
3. Focused on CASH FLOW DRIVEN growth of existing assets and long term value creation for the Shareholders.
This approach has complimented our long-term stability, vision, and growth while most of the industry peers have struggled during industry distress times as seen historically.
REASON FOR NEW FUNDING ROUND:
1. Reserve funds allocation to protect the existing baseline production and revenues during cyclic or operational challenging short periods
2. Maximum monetization of existing low hanging and low risked opportunities on the existing assets which is expected to result in significant increase in the production and revenues growth for 2024.
3. Maximizing IPO value for a pubco exit plan for 2024 (summer).