Point of View: Pan-Ocean CEO, Pres. Lyons cites caution, diligence as keys to African success

There is only one way to take a smaller North American independent and turn it into an expanding producer in Africa with good growth prospects.Slowly, with a great deal of due diligence and more than a pinch of North American entrepreneurship, says David Lyons, president and CEO of Pan-Ocean Energy Corp. Ltd. The former small Alberta producer, once known as Ocelot Energy Inc., is now headquartered in the tax haven of Jersey, Channel Islands. Lyons is based in Winchester, near London. In its operations in Gabon, the company has focused on development of low-cost, long-life light oil reserves. Pan-Ocean is now an established producer of light crude oil, both onshore and off Gabon. The compa...

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