Welcome to GTO

  • GTO Limited is an international oil and gas exploration and production company, primarily focused on the acquisition, exploration and development of energy reserves in the North Sea sectors of the United Kingdom and Netherlands.

  • GTO has assembled a core portfolio of licence blocks in the Netherlands sector of the North Sea, that has a combination of proven gas resources (Blocks M10/M11) and high graded exploration potential (D9, E10, E14, E15c & E18b) with Tullow Oil as operator. GTO is carried through the exploration expenditure in both these licence areas.
  • In October 2010, GTO also acquired an interest in its first onshore acreage – Hungary Igal II, to explore for oil in an extended proven Paleogene play in the Pannonian Basin.
  • More recently GTO has been awarded three licences in the UK 26th Licence Round. These licences comprise Blocks 15/11 & 16b close to the Piper Field, Block 29/20 adjacent to the Auk Field and Blocks 28/24,25, 30a & 29/21, 26a in the south west margin of the Central North Sea basin.
  • GTO has also filed an application offshore France, and an award is pending for the Marge du Finistere licence.

 Current Acreage

  • The GTO strategy has been Two Fold:

  • Acquire acreage close to existing infrastructure and with proven plays and potential – modest size and technical challenges – Netherlands M10/M11, UK 29/20 & 15/11 7 16b, and Hungary Igal II;

  • Large areas with ‘blue sky’ exploration potential with large upside and exploration running room – Netherlands D + E blocks, UK 28/24,25, 30a & 29/21, 26a and France – Marge du Finistere

  • Going forward GTO is now seeking investment and or partners to work these assets and to grow the value of the company.