Coastal Africa Group (AIM:CAGL), is an AIM-listed investing company focused on acquiring and investing in the oil and gas sector, energy infrastructure, services and assets, with an initial focus on West Africa
Fully-integrated energy investment
The Company’s integrated strategy aims to enhance project execution efficiency, improve asset returns, and reduce execution risk.
This is achieved by mitigating third-party reliance, risks, and conflicts and by turning process storage and evacuation costs into a revenue stream, reducing break-even cost, lowering exposure to oil price volatility and unlocking transactions that may otherwise not be plausible.
Share Price
The Company’s strategic foundations trace back to Coastal Energy Company, as a focused shallow-water operator in Thailand. Coastal Energy Company was acquired for an enterprise value of c.C$2.3 billion, an approximate 6x return on equity capital raised.
The Company sees a compelling opportunity to replicate the Coastal Energy Company strategy in the development of proven shallow-water reserves across West Africa, underpinned by favourable structural, regulatory and market dynamics.
Nigeria and West Africa set for growth
Nigeria’s proved Crude reserves
36.89
Billion barrel
Nigeria’s proved Nat Gas reserves
209
Tcf
2030 oil production target
3
mbpd
2030 gas production target
12
bscfd