In the upstream business, Linetrale's interest in this sector is part of our strategy  to diversify our oil and gas business, a strategic direction for a long term sustainability in the oil business and pursuing a vision of becoming a fully integrated oil and gas company. Our commercial model reflects the risk of the business if  risk are low, we can commit our own capital, and participate in a non professional role, but our E&P  partners must have technical skills, finance and competence.

We  intend to leverage on our  oil trading and marketing skills and be partners to small – medium sized E&P companies, adding value to marketing and transportation challenges. Linetrale has formed companies to venture into this business and already has a 2% interest in block 241 in the continental shelf of Nigerian waters with a SPV company called OPSL.


LINETRALE PETROLEUM DEVELOPMENT COMPANY

This company was formed to engage in the development of oil and gas projects in the highly prospective West African region. LPDC intends to build diversified portfolio of E&P assets in the region. The strategy is to identify, acquire and explore high quality prospects with a potential small - medium oil and gas reserves, using our financial capabilities, industry competence and network to select attractive exploration opportunities. Our geographical focus is West African region, because of the excellent prospectivity of the region.


OPSL

OPSL is a special purpose vehicle(SPV) formed to hold the combined interest of companies that were merged together as local content vehicle(LCV) partners in the 2005 oil blocks bid round. OPSL has four companies holding 10% interest in block 241 in the continental shelf of Nigeria, as a result of being selected by the winners and operators of the block. Block 241 has very postive prospectivity.