The 2015 KPIs related to delivering a sustainable business, maintaining a balanced portfolio and achieving operational excellence.
The Group’s 2015 KPIs were reflective of the early stage in the value creation cycle, unlike the more traditional KPIs for oil and gas exploration and production companies (such as production or operating cost targets), which the Board currently considers are not relevant as a measure of the Group’s performance.
Good progress has been made across the 2015 KPIs and a brief update on progress is presented in the table on the KPIs page.
The final decision on the overall achievement of the KPIs was made at the Remuneration Committee meeting in December 2015.
Grow the reserves and resources base to provide a basis for future growth
Deliver operational excellence in all 2015 activities and maintain licence to operate
Maintain a self funding business plan