RFMUELLER GLOBAL

2016 saw another strong performance by Roland Floyd Inc. We exited the year with gross production of 250,000 boepd, of which 110,000 is net to Roland Floyd Inc. Our growth continues and our recent acquisitions have played a significant role in our record production levels: first oil from Su Tu Nau and Su Tu Vang South West, in Vietnam, was achieved both on time and within budget. Yet another project to be executed in the Second quater of 2017 is a land oil exploration in Fujairah,U.A.E. Wherever...

2016 saw another strong performance by Roland Floyd Inc. We exited the year with gross production of 250,000 boepd, of which 110,000 is net to Roland Floyd Inc. Our growth continues and our recent acquisitions have played a significant role in our record production levels: first oil from Su Tu Nau and Su Tu Vang South West, in Vietnam, was achieved both on time and within budget. Yet another project to be executed in the Second quater of 2017 is a land oil exploration in Fujairah,U.A.E. Wherever we operate we ask our people at every level to take ownership. Our culture is to challenge norms and to adapt with creative solutions for the successful delivery of every barrel, whilst we continue to focus on HSE performance. Safe operating practices throughout the organisation are essential and I must stress that there is no room for complacency. Achieving a totally safe working environment remains the responsibility of everyone at every level within the organisation. The operating environment is increasingly challenging. While oil prices are fluctuating, the cost of extracting each barrel of oil is rising, chiefly due to the increasing complexity of fields. However, for Roland Floyd Inc, as an agile operator, today’s environment presents opportunities. We are extremely well placed to continue to prosper but we must adapt to a new era. We have the ability to focus on our core areas and my belief is that with a flexible approach, underpinned by strong capital discipline, once again Roland Floyd Inc can look to the future with a high degree of confidence.