The company’s current portfolio is valued at almost $395 million and consists of 8 Oil and Gas leases, with proven (P50) reserves of 34 million barrels of oil and 281 billion cubic feet of natural gas. The company also manages gold mining in Alaska with over 620,000 ounces of gold.
THE COMPANY TRACES ITS ORIGINS BACK TO 2007 WHEN IT ESTABLISHED ITS FIRST BUSINESS AS AN OIL AND GAS PRODUCER IN THE UINTA BASIN, IN THE STATE OF UTAH.
Over the years Carraigmore has diversified its portfolio of different natural resources projects (including oil & gas and semi-precious stones), reflecting its progressive and forward looking strategy – assuring continuity, for its employees and shareholders.
OUR MANAGEMENT TEAM, SECTOR SPECIFIC SPECIALISTS AND FINANCE PARTNERS, DEVELOP SOLUTIONS TO DISCOVER AND MANAGE RESOURCES SUSTAINABLY.
Carraigmore Resources Group operates across three continents; the company is active in gold, base metals, oil and gas, and semi-precious stones extraction and development. This broad-based diversification strategy, provides for stable growth and sustainable revenues.
ORIGINALLY, THE RESOURCES GROUP WAS ESTABLISHED TO FACILITATE THE FINANCIAL PARTICIPATION IN THE DEVELOPMENT OF OIL AND GAS PROJECTS IN THE U.S.
Carraigmore Resources Group has been actively producing Oil and Gas in the Uinta Basin in Utah, USA since 2007 and has acquired, through its subsidiaries and partners, a portfolio of leases comprising over 34 million barrels of oil, and almost 300 billion cubic feet of gas reserves and resources. This will ensure decades of operations.
Carraigmore Resources Group’s management team of engineers, scientists and sector specific specialists constantly develop innovative solutions, to discover and manage natural resources more efficiently, effectively and sustainably for future generations.
BUSINESS
VENTURES
OIL & GAS
Carraigmore has been producing Oil & Gas in the Uinta Basin, Utah, USA since 2007. The resources group owns Oil and Natural Gas reserves which it develops with its partners Quinex Energy and Chasel Energy Corporation who have been successfully active for over 40 years.
GOLD MINING
During the last oil crisis, the board decided to diversify into gold. Carraigmore’s current locations produced some of the largest nuggets ever discovered in the US. Over 500,000 ounces of proven reserves and large claims of hard rock gold and base metals, assure years of mine life.
GEMSTONES
Carraigmore has interests in some of the most productive regions for semi-precious stones – in Africa and Latin America. The group plans to cover the whole value chain from extraction and processing, to distribution through its own channels in Europe, Asia and the Americas.
LATEST FACTSHEET
- Total shares issued: 85.34 mln
- Estimated price after IPO: £3.50
- New issued shares: 12 mln
- Shares offered at: £2.50
