Insight Exploration, LLC, is an alliance of partners for the singular pursuit of proprietary projects which are developed and acquired after applying world-class technical expertise (Dr. John Decker, Dr. Dan Orange, Dr. Phil Teas, Dr. Mark E. Odegard and the CORE 5G Group) and Tools of the collective Insight Tool Kit to de-risk drilling and maximize success in exploration for oil and natural gas. Insight Exploration is pursuing exclusive and proprietary Work Programs for the Offshore Mediterranean Region oil and natural gas projects and a previously unidentified onshore play. These projects are major reserves in nature based on interpreted multi-data sets: geology, Multi-beam Bathymetry, SeaSeep Coring, gravity, magnetics, geochemistry, electromagnetics, satellite and others. Insight has a world-class Team of Geoscientists, and operations and financial management. Insight’s predecessor company Black Gold Energy (“BGE”), founded and operated by Decker, Orange and Teas in 2006, raised $96.3 million from Goldman Sachs and other investors for offshore Indonesia and sold to Niko in 2009. BGE was the largest holder of Concession Rights for offshore Indonesia in 2009. BGE performed, and now Decker, Orange and Teas industry service company Oro Negro Exploration LLC (“ONE”) provide, Multi-beam Bathymetry for scanning the sea floor for structures and oil seeps for the Gulf of Mexico and elsewhere, and also conduct SeaSeep Coring for confirmation of oil seeps (clients include super major oil companies). ONE is now to provide Multi-beam and SeaSeep Coring to Insight at ONE’s cost as a proprietary Mediterranean offshore exploration project for Insight.
The overriding philosophy and driving principal of Insight Exploration is to use its superior technologies and technical capabilities to know everything there is about an exploration project (whether offshore or onshore), an acquisition, drilling project or leasehold before buying the property or drilling a well. The Insight Tool Kit provides a unique and significant competitive and strategic advantage over the competition. The goal of Insight is to develop offshore and onshore Mediterranean Region oil and natural gas projects while never drilling a dry hole or non-commercial well. Though a lofty goal, Insight believes it can be attained by using all of its Tool Kit applied in a Methodology that includes all disciplines including employing the best practices in different types of drilling and completion technologies.
Insight’s management, technical team and ownership consists of oil & gas industry executives and Insight’s technology partners: Oro Negro Exploration (BGE Team) and the CORE 5G Group/Dr. Mark E. Odegard (www.grizgeo.com) and the other Founding Partners of Insight. Insight is an experienced Team of technical geoscientists, exploration, management, fund management, financial, operational experts and a group of top oil & gas technology industry executives provides a major oil company set of competencies.
Insight Exploration, LLC, was formed as a partnership of advanced geophysical technology companies, their executives, & other key industry executives to take advantage of the global oil & gas project opportunities of the group for resource control and development. The Insight Team have as a group, the technical, business and financial expertise, government & industry relationships, competencies, knowledge & experience providing sophistication only existing in the major oil & gas industry companies.
Insight Exploration, LLC, as a part of its Business Plan and strategy, is engaged in acquisitions of oil & gas properties in U.S.A. as well as exploration projects in the Mediterranean Region. There is significant upside value as unrecognized reserves in any properties Insight acquires as revealed through the Tool Kit.