Ambit Energy Corporation is an international company focused on oil and gas exploration and production in the Niger Delta Basin in Nigeria and other locations in West Africa. The world’s 12th largest petroleum system, the Niger Delta Basin has reserves of more than 35 billion barrels of oil. Ambit Energy Corporation strives to capitalize on this potential and create value for shareholders, drawing on technical expertise and financial capability to develop a portfolio of profitable assets.
Ambit utilizes a unique and efficient corporate structure and business model based on Nigeria’s indigenous concession program. The tax-effective model takes advantage of the company founder’s dual citizenship to avoid restrictions placed on foreign participants and allow unrestricted access to gas and oil opportunities. The benefit for shareholders is the potential for twice the return on investment as competing companies.
Headquartered in Calgary, Canada, the company also has offices in Nigeria and the United Kingdom.