Through our wholly owned investment affiliate, Monterey Energy Partners, LLC, and in partnership with our investors, we are actively acquiring both conventional and unconventional assets in West Texas’ Permian Basin and in the Williston Basin in North Dakota. By calendar year-end 2023, through further development of these acquired properties, we expect to be producing a minimum of 10,000 barrels of oil equivalent per day (“BOEPD”). As we further expand our footprint in these two geographic areas, we plan to grow our platform to a minimum of 30,000 BOEPD within over the next three to five years. We are also exploring opportunities in the proven Niobrara resource play in Northwestern Colorado.
