They are a newly organized blank check company. They intend to capitalize on the ability of their management team to identify, acquire, and operate a business in the energy industry in North America, though they reserve the right to pursue an acquisition opportunity in any business or industry. They believe the deep, varied industry and investing experience of their directors, and the extensive experience of their management team that has operated through numerous market cycles, and their technical committee’s deep geological, petrophysical and geophysical knowledge, uniquely positions them to identify, negotiate, and execute a business combination with attractive risk-adjusted returns for their stockholders. They believe that there is a timely opportunity at this unique inflection point in the commodity price cycle to achieve attractive returns by acquiring and exploiting well-defined, high quality oil and natural gas exploration and production ("E&P") assets in proven basins. They will focus on oil and gas companies, properties, and related assets, with extensive production histories and limited geologic risk from sellers that may be distressed from being over leveraged and unable to operate within budgets due to the depressed recent commodity pricing scenario.