Proteus Energy Corporation is an independent, California-based onshore oil and gas company. We acquire, develop and operate oil and gas properties located mainly in California and other Western U.S. locations. We are primarily focused on field redevelopment and recovery of undeveloped reserves, and generally do not take pure exploration risk. We prefer oil projects to gas projects, and have expertise in thermal recovery and other enhanced oil recovery techniques. We believe that our market niche provides investment returns comparable to oil and gas exploration plays, but with significantly reduced levels of financial and development risk.
We combine a domestic and internationally experienced, highly nimble, sophisticated energy M&A team with a seasoned field operations and business management team. We currently own working interests in and are actively developing two properties in California, and have a number of additional potential acquisitions in due diligence.