SILK ENERGY LIMITED

* For the Annual General Meeting held on the 21st of January, 10am EST, all relating documents can be found under the investors section 'AGM'. *

 
Oil refineries_edited.jpg
 

NEWS

* For the Annual General Meeting held on the 21st of January, 10am EST, all relating documents can be found under the investors section 'AGM'. *

31st August, 2020

31st August, 2020

Image by Martin Adams
 
Image by Zbynek Burival

ABOUT US

A Company Overview

Silk Energy AS was originally established in Norway in 2007. It was created specifically to review and acquire upstream assets in the Republic of Kazakhstan and to benefit from the Tax Treaty between Norway and Kazakhstan. Silk Energy AS completed a reverse takeover of Silk Energy Limited (Silk) in September 2019.

 

The management of Silk has a history in taking undervalued upstream assets and creating significant shareholder value. The team also has considerable experience in capital markets and to date have raised over US$300 million for their upstream projects in Kazakhstan.

 

Silk has completed the acquisition of the first target giving the company

50% of the KMG Ustyurt exploration licence in the Mangystau region of western Kazakhstan. The contract area is 6,450 square kilometres and is in the Caspian Sea transition zone. It is comprised of both shallow water and onshore areas and multiple leads ranging from 66 million barrels to several billion barrels have been identified by previous operators with 2D seismic. The contract territory is bounded by a number of significant oilfields.

 

The Company is actively screening a number of other projects in Kazakhstan. Our aim is to build a portfolio of oil and gas fields at different stages of maturity so that there is a balance of exploration and production assets. This will ensure that future producing assets will be replaced by new discoveries from Silk’s exploration activity.

 

Suite 4100, 66 Wellington Street West
Toronto, Ontario, M5K 1B7 CANADA

©2021 Silk Energy Limited