Insight is an oil and gas exploration focused on a set of offshore and selected onshore Mediterranean Region projects. Insight has a previously unidentified play onshore in the Eastern Mediterranean. Insight has in-progress offshore Work Programs throughout the Mediterranean.
Insight consists of predecessor company Black Gold Energy (Indonesia offshore) Founders and Management & other Senior international Management and Geosciences Team with superior methodology and major track record of discoveries.
Black Gold Energy began Indonesia offshore development in 2006 with total funding of $96.3 million and sold to Niko in 2009.
Competitive Advantage in combining unique & best practices in Multibeam, Seabed Coring Geochemistry, Heat Flow & CORE 5G.
First drillable project is unexplored area onshore Eastern Mediterranean.
- Three well drilling commitment to Government ($55.5 million)
- 100 million plus BO recoverable possible
- Production of between 2,500 to 10,000 BOPD possible
- Refiner with excess capacity nearby
- Near deep water port
BUSINESS MODEL
Revenue and Profit Centers
- Advance existing and conduct new Work Programs to seismic stage
- Seek Concessions from governments by leveraging Multi-Beam/5G Multi-Data Mapping & Reservoir Modeling for entire offshore & where appropriate onshore areas data delivery
- Seek to Farm-in to existing Concessions in need of Data, Capital, and Operations on non-promote basis leveraging Multibeam advantage and CORE 5G capabilities
- Onshore drill with well established Operating partners
- Offshore seek to sell project to industry keeping small interest