Loulak's drive for growth is underpinned by its key strengths:
a) Indigenous Company status
As an indigenous company, Loulak and her partner will participate in all bid rounds ( oil block sells) including those ( marginal fields) dedicated solely to local operators. Loulak will also benefit from the Nigerian Petroleum Investment Bill (PIB) which is before the Nigerian National Assembly for consideration and support. Overall terms of this bill are favourable to local operators and by exrtension to her partners. .
b) Strong relationships
The management will seek out partners who have forged high-level, constructive and legitimate relationships with key decision makers across the Nigerian Government. The directors and advisers have extensive network of contacts with International Oil Companies, local Service providers and industry's peers. This strategic relationship is leveraged to implement the Company's strategy and to maintain a sustainable advantage over her competitors.
As an indigenous Nigerian Company, Loulak enjoys strong community links and has a real commitment to creating value. Loulak is one of the few truly upcoming indigenous upstream oil & gas companies.
c) Experienced management with proven track records
The board and management of the Company have proven exploration, development and production track records. They have over 100 years combined operations experience in Nigeria and a strong focus on HSEQ (Health, Safety, Environment & Quality).