Plans For Growth
- Vegas has traditionally grown through exploration success, acquiring acreage from the licensing authority (EGPC). Vegas will continue to play to its strengths and use this option as a future source of growth.
- As the company has become more established and increased its footprint in Egypt, Vegas is now looking to accelerate growth through other acquisitive activities
- Asset transactions
- Corporate M&A.
- Vegas plans to use its current operating credentials and successful track record in pursuing new opportunities throughout Europe, Africa and the Middle East.
- Vegas is focused on delivery of results. Our portfolio is routinely reviewed for performance with the aim of maximising returns on investment.
2011 Bid Round
15 blocks offered in 2011 Bid Round, located in Gulf of Suez, Western Desert, Eastern Desert and the Sinai sedimentary basins; Deadline for bids has been extended to end March 2012. Vegas have subsequently been awarded the East Lagia concession in the Sinai region.