The Way Forward
 

The company’s business plan for the next few years focuses on the following three objectives:

   Expand Maurel et Prom Petroleum business in the Americas

HOCOL is Maurel et Prom vehicle for growth in the region. The aim is to increase operations through exploration and acquisitions jointly with other companies. The keys to this objective are the Company’s long-standing and widely recognized technical and operational expertise, its social and environmental understanding, and its financial strength.
 
    Fully develop existing assets
HOCOL will continue to excel as an operator through the efficient application of suitable technologies.
 
    Provide a financially stable plataform
A continous strengthening of the financial condition of the company through the steady leveraging of assets as new producing reserves become available.