Vision & Strategic Plan
At Norris Industries, our vision is to become the new acquisition leader in the West, aiming to generate consistent and superior returns to our shareholders.
While many players in the industry might be suffering from this temporary downturn in the oil and gas sector, we consider this downturn a golden opportunity for us to prove our strong survival skills and to take greater advantage in our opportunistic acquisition strategy via our existing and new relationships with reputable acquisition partners to quickly enhance our portfolio; therefore, we have no excuse to decline but to grow faster during this time.
To achieve this goal, we focus on driving our shareholder value, beginning with executing our business strategies of financial discipline and profitable and efficient growth from existing and newly captured petroleum resources. With our targeted exploration and acquisition programs encompassing onshore oil and natural gas assets in the U.S., we are unlocking value in each of our operating fields through increased cash flow, state-of-the art drilling and completions efficiencies and growing production in an accelerated manner via M&A growth strategy in the public markets. We are working diligently toward building a great company positioned for decades of continual growth.
We are committed to advancing a compliant, performance-driven culture through a continuous cycle of planning, executing and measuring our progress against our goals. Our strategies are:
Achieve and maintain leadership in shallow well drillings on acreages with high level of proven reserves
Grow through selective acquisitions of new assets and/or ancillary lines of business
Practice financial discipline and maintain a strong balance sheet
Identify large scale projects with proven reserves and arrange acquisitions from sovereign funds