Business Plan

Parallel’s mission is to consistently grow shareholder value by capturing the unrecognized value associated with oil and gas assets through the efforts of its multi-disciplined team. Its staff, four outside board members and outside consulting experts operate as a team that leverages its intellectual assets to recognize opportunities and execute its defined business plan. Parallel’s business plan is to acquire producing properties and focus on projects that have economic impact, emphasizing exploitation and enhancement activities in addition to exploration. It also seeks to expand the scope of its operations by diversifying its development and exploratory efforts, both inside and outside its current areas of operation, focusing on established geologic trends in which it can use the engineering, operations, financial and technical expertise of its entire team.