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HERCULES ENERGY'S FOCUS

Hercules was formed to acquire oil and gas, and energy projects, particularly where new opportunities arise as a result of changes in:

Prices

higher commodity price outlook

Technology

improvements in exploration and production techniques

Infrastructure

access to new pipelines and sales infrastructure, transport systems and service providers, and/or

Geo-politics

changes in the political environment, fiscal terms, or the opening up of investment opportunities

Once a project has been identified, Hercules is able to bring a combination of technical, operational and corporate management skills together with a capacity to provide and source the necessary development capital.