Company brief

Comtrack is an oil and gas exploration and production company based in and managed from Cyprus. The management team are professionals of Cypriot origin and have long experience in the Upstream oil and gas industry. Through its excellent contacts in the industry Comtrack is able to identify and develop, and participate in profitable investments in oil & gas exploration and production opportunities globally. Comtrack draws on the expertise of a selected group of world class oil industry technical and commercial experts.

About Cyprus

On 1 May 2004 the Republic of Cyprus became a full member of the EU completing a long journey that lasted more than three decades. Accession to the EU was a natural choice for Cyprus, dictated by its culture, civilization, history, its European outlook and adherence to the ideals of democracy, freedom and justice, EU accession has launched a new era of challenges, opportunities and responsibilities for Cyprus.

While Cyprus has a lot to benefit from EU membership, it also has a lot to offer as a member state. Strategically situated at the crossroads of Europe, the Middle East, North Africa and Asia, Cyprus is becoming an even more important regional business centre, as well as an international communications and transport hub. With its modern infrastructure, sound legal system, tax incentives, low crime rate and well educated labour force Cyprus is a favourite regional operations platform for European companies.

Since its accession to the EU, Cyprus has undergone significant structural reforms that have transformed its economic landscape. Trade and interest rates have been liberalised, while price controls and investment restrictions have been lifted. Private financing has been introduced for the construction and operation of major infrastructure projects and monopolies have been abolished.

In January 2008 Cyprus joined the single currency Euro Zone.

Philosophy and vision

The principle activities of Comtrack are investments in upstream oil and gas projects, by establishing or acquiring subsidiary or associated companies, which participate in oil & gas exploration licenses. Comtrack is also engaged in trading securities in the oil and gas industry using its in depth knowledge of the industry and oil & gas exploration activities. Another activity is making investments in oil exploration companies at the pre IPO stage. Comtrack is committed to continue with this activity as long as suitable opportunities can be identified and capitalised upon in the foreseeable future.