Integrated Upstream-midstream-downstream ModelA vertically integrated portfolio spanning exploration, production, transport, refining and sales gives durable operational flexibility. Capturing multiple value-chain margins reduces reliance on any single segment, aiding resilience to sector cycles and supporting longer-term cash generation.
Strategic Partnerships And Government ContractsPartnerships and government contracts provide lasting benefits: access to capital, shared project risk, and preferential market access. These relationships can stabilize revenues, lower exploration funding needs, and improve contract-backed cash flows over the medium term.
Improving Free Cash Flow Trend (TTM)An improving free cash flow trend and positive FCF-to-net-income ratio indicate the business can begin converting assets into usable cash despite losses. If sustained, this supports deleveraging, funding of critical capex, or liquidity buffers without relying solely on external capital.