Historically, GTO has utilised its Board's extensive knowledge of the North Sea, gained whilst working for large multinational companies, to re-evaluate mature but generally overlooked areas in the UKCS, utilizing more modern techniques than were available to the early UKCS explorers, and largely developed outside the UKCS with typically much lower relief structures.

This approach has generated some excellent opportunities and has led to GTO making several bids in previous licence rounds, however with one exception (Block 47/12) it has usually been outbid by much larger companies with much deeper pockets.

With the onset of the Promote type of licence and the Fallow Initiative more significant UKCS opportunities have been made available and GTO was successful in obtaining 8 blocks in the UK 24^th Round with a significant interest in all but one Blocks. Part of the Company's strategy is to seek to obtain a relatively large interest in order to finance exploration by farming out up to 50% of its interest , thereby still retaining a significant stake, whilst upgrading the value of its portfolio without significant cash outflow. Seed corn capital has been raised by a combination of Director's own resources and securing reimbursement for preliminary exploration work in identifying suitable target Blocks.