Stratum is developing a large gas-condensate commercial discovery in the Poduri field.
In 2016 Stratum made a significant oil discovery which is under technical and commercial evaluation
Current production is ~5500 boepd gas-condensate from 5 wells.
Peak production is expected to exceed 30,000 boepd gas-condensate from over 40 wells.
Stratum has an excellent track record of fiscal discipline and debt repayment.
The company has a strong management team with proven execution ability.