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- Our core portfolio of oil and gas investments consist of Occidental Petroleum spin-off, California Resource Corporation, small Canadian exploitation company, Zargon, dynamic and liquids-rich Montney player, Paramount Resources, as well as a growing position in London-listed and Irish energy company, Petroceltic, one we feel holds tremendous value in a World-class gas project in Algeria.
- As many of you are very aware, Livermore, along with the company’s largest holder in Glacier Peak, have pushed hard to re-structure the company from its legacy Board of Directors and many years of mismanagement, back to a core focus of a strong and growing enterprise with solid free cash flows and ever-increasing shareholder value.
- We continue to look at all avenues to maximize the ultimate intrinsic value of the company’s $1.7B in revenues, large NOL, and vast non-core assets.