BUSINESS DEVELOPMENT

Merit Energy Company’s principal strategy for growth continues to be the acquisition of quality, mature, producing oil and gas properties. Merit continues to aggressively pursue the property acquisitions that enhance existing operations, or will establish the Company new core areas with viable growth and upside opportunities.

Buying assets correctly is critical. Merit is continually in the market and is established as a reliable and credible cash purchaser. Our team performs a rigorous due diligence process on each acquisition to fully understand the scope of the assets. We have a low tolerance for risk. We are committed to our philosophy and our partners and strive to maintain the highest standards in our industry.

Merit is continually involved in all aspects of the transaction market. Our acquisition team screens in excess of 95% of the available assets on the market and technically reviews and issues offers on $4 to $6 billion of assets annually. Merit continues to see the major oil companies and large independent players focus on higher risk and higher return opportunities internationally and in the deep water Gulf of Mexico. These events, and the recent wave of consolidation from both independent sectors and the majors, will continue to push quality oil and gas assets on the market.