Cordel Group Plc (3EW)

Overview

Dundee Energy Limited is a company focused on the exploration, development, production, and marketing of oil and natural gas primarily in Southern Ontario, Canada. Established initially as Eurogas Corporation before changing its name in June 2011, Dundee Energy holds significant interests in onshore and offshore oil and gas properties. The company was incorporated in 1983 and has its headquarters in Toronto, Canada. Dundee Energy operates across different facets of the energy sector, owning and operating various facilities and infrastructure that are vital in the extraction and processing of natural gas and oil.

Products and Services

• Oil and Natural Gas Exploration and Production

  Dundee Energy specializes in the exploration and production of oil and natural gas. It has a 93% working interest in 35,000 gross acres of onshore oil and gas properties and an approximate 98% working interest in 268,000 gross acres of offshore gas properties located in Ontario, Canada. This indicates the company's significant presence in the region's energy sector.

• Oil Processing Facilities

  The company has full ownership of six onshore oil processing facilities. These stations are crucial for the purification, storage, and preparation of oil for sale and distribution, showcasing Dundee Energy's integrated approach to oil production.

• Drilling and Completion Equipment

  Ownership of an onshore rotary drilling rig and an offshore fleet of drilling and completion barges underscores Dundee Energy's capabilities in drilling operations. This equipment plays a vital role in the exploration of oil and gas reserves.

• Natural Gas Manufacturing and Compressor Stations

  The company operates three natural gas manufacturing facilities and two gas compressor booster stations. These facilities are essential for the treatment and transportation of natural gas, ensuring its readiness for consumer and industrial use.

• Castor Offshore Gas Storage

  Dundee Energy also operates the Castor offshore underground natural gas storage facility in Spain, demonstrating its operational reach beyond Canada. This storage facility enhances the company’s ability to manage supply and demand by storing excess gas during low demand periods for use when demand peaks.

• Offshore Tunisia Interests

  Further expanding its international reach, Dundee Energy holds a working interest in the Sfax permit located offshore Tunisia. This interest in international oil and gas exploration regions signifies the company's broader strategic vision.