MetalNRG PLC's (LON:MNRG) Rolf Gerritsen talks to Proactive London's Katie Pilbeam about the announcement of its subsidiary joint venture, BritNRG to acquire Sunswept Enterprises. Sunswept Enterprises is an oil and gas firm with a licence portfolio focused in Lincolnshire, UK.
This move represents the company's first move into the energy sector. Gerritsen says the logic is that the firm first 'always looks for projects that are or close to production'.
And secondly, they look for 'substantial upside and additional opportunity within that asset' and thirdly - 'a management team to take that asset forwards'.