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 Northern Resources was created to focus on the recovery of hydrocarbon reserves through acquisitions and project development with a major emphasis on mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities.
Northern Resources offers qualified investors energy based investment programs that have excellent tax benefits – one of several key reasons why accredited and sophisticated investors from around the world choose to participate.
Utilizing advanced recovery technologies along with a committed management team, Northern Resources has developed a strategy of identification, acquisition and development of hydrocarbon reserves.
Northern Resources focuses its attention on acquiring quality assets at the most favorable prices and will pursue choice opportunities through a pre-established relationship of professional contacts and already identified properties.
Our key hydrocarbon recovery strategies are:
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- Maintaining a low-cost operations environment (i.e., lifting costs less than $20 per barrel of oil equivalent)
- Moderate-to-long remaining life, minimum 10 years, ideally 15-30 years
- Using modern technologies such as 3D seismic to reveal untapped reservoirs
- Utilization of innovative, cost-effective technologies to increase production
- Offering quality, developmental prospects for investor participation
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Northern Resources believes a focused independent operator can acquire producing crude oil and natural gas properties and improve payback by reworking wells and reducing administrative overhead and operating costs.
More now than ever, major oil companies are offering quality non-strategic opportunities which typically produce positive cash flow, long life, uphole and behind pipe potential. However, they are decentralized to the rest of their operations.
There are many crude oil and natural gas properties available today that present solid cash flow and extremely realistic opportunities to increase present daily production rates and overall recoverable reserves.
This can be achieved through improved maintenance, more efficient employment of oil field personnel, replacement of downhill equipment and simply better field monitoring and management.
Generally, there is a great deal of difference between the day-to-day operations of a large major oil company to that of a smaller, leaner independent company. Often, this improvement in efficiency results in an increase in asset value.
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