In addition to demonstrating an instinct and aptitude for correctly assessing new prospect opportunities-- and quickly moving on them, Republic Resources' sustained growth must be attributed to a solid business philosophy – one which is squarely focused on maximizing margins by minimizing both risk and operating costs.

Minimizing Risk
We do this by focusing our exploration in areas with known proliferation and substantial reserves – namely, the south Texas and Gulf Coast region. However, our success in this region is not only owed to its petroleum-rich nature. Because we drill here exclusively and employ geologists and geophysicists who are experts in this region, we have developed a tremendous knowledge and understanding of the geological features and tendencies of the area – better assessing available data, and greatly increasing the odds for success.

We also minimize risk by investing heavily in 2D and 3D seismic technology. To point, 90 % of our targeted projects for the upcoming year will utilize 3D seismic, and we are in the process of acquiring an extensive amount of 3D seismic data to generate new promising prospects.

Minimizing Costs
Republic Resources has built a staff of dedicated experts that is capable of handling every phase of the exploration, development, and production cycle. This allows us to maintain tight control over operating costs by operating all of our own wells. By operating each of our wells internally, we can maintain careful control of all timing issues, expenses, negotiations with suppliers, and administration costs. Our full-time Production Supervisor manages sub-contractors at every step – eliminating wasted time and resources, and keeping our projects on time and on budget. We even have our own in-house accounting department to help control costs. We are totally accountable for every penny spent.

Maximum Response
As a small independent company we maintain certain advantages over massive exploration companies. In addition to sustaining a much lower overhead, we possess the edge of speed and flexibility. After careful analysis of a prospect, we make an immediate decision to put the wheels in motion and get our in-house landman to the courthouse. Our agility not only allows us to capitalize on new opportunities, but it becomes a valuable asset throughout the entire life-cycle.

Actually, Republic Resources enjoys the best of both worlds. We garner all the advantages of being a small company, yet we can take on large deals through our partnership programs. Republic Resources sees no limits to the opportunities and successes we can pursue.