A Letter from the President
My Father and I started Triple Diamond Energy Corporation because we believed demand for oil would out live us, and there was an opportunity to provide high worth risk takers with a long term, significant return. In addition, this would help our Country be less dependent on foreign sources of oil.
Our business is based on building strong relationships with our Investor Partners. Our business goals are simple, create the best opportunities possible for solid oil and gas exploration investments. We make money shoulder to shoulder with our Partners. We work to accomplish this thru multiple ventures, in multiple prospects, each with multiple wells and reservoirs. We are constantly learning about our business, adapting and improving our operations.
One critical strategic difference and advantage versus other oil exploration companies is our low overhead model and controlled costs. We are the operators of most wells and have stringent cost controls in place. I don’t believe in simply passing costs to our Partners. We have a multiple step process to seek low cost options and suppliers on all elements of our operations,. We micro manage costs thru this control and purchase order system.
As a result, we have continued to reduce our operational costs and are proud of our accomplishments in this area. We have reduced operating costs on our wells as a percent of sales consistently and will continue to find cost saving opportunities. This means your investment dollars will work harder for you.
We have challenged ourselves to remain flexible and agile, learning from our success and frankly, disappointments to become stronger operators.
We do not make money on fees and surcharges. We structure our operations to cover our administrative and operating costs and make a profit only when our Partners do, when we hit and sell oil. Our geologists and field personnel are tied into the success of our explorations as well as they are also partners in these ventures. All vested parties in each well have the same goal, to make money on each venture.
Thank You in advance for considering investment and partnering with our Company. We look forward to joint future success and additional profits in the years to come.
Chris Jent
President and Chief Executive Officer
