High Peak Royalties Ltd (ASX:HPR) chairman Andrew Carroll introduces Proactive Investors to the oil & gas-focused company's business model and portfolio of royalties on producing properties around Australia and the US.
"One of the attractive aspects of royalties is they're very low risk, they're not exposed to the costs of the business, it simply generates revenue from production," explains Carroll.
High Peak's portfolio in Australia has a lot of exploration acreage but also includes income-producing royalties from operations in the USA.
The company has more than $1 million cash on hand and, having no employees, runs very low-cost overheads which are met by existing revenue.
Meet Carnarvon Petroleum Ltd, Bass Oil Ltd and High Peak Royalties Ltd at our event, Melbourne , 12 March 2019. Register here »