Oil & Energy - , ,
GeoPetro has a diversified portfolio of "company maker" domestic and international projects. Domestically, the Company seeks to obtain high working interests and maintain control in developmental projects. Internationally, GeoPetro farms out majority interests in high-potential exploration projects whereby a third party assumes the cost of the exploratory drilling and carries the Company through the exploration phase. In both types of projects, the Company seeks to generate a minimum unrisked net present value of $50 million net to GeoPetro's interest.
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