Peregrine’s growth strategy is focused on rapidly increasing its operated asset base through internally and externally generated exploration and development, joint ventures and acquisitions. With joint ventures, Peregrine is seeking opportunities with proven, reputable partners. With acquisitions, Peregrine is looking to increase its core asset base in one or more of the following focus areas: The Williston Basin, Anadarko Basin and the South Texas/Gulf Coast. In both categories, Peregrine is targeting assets with under developed potential where utilization of new drilling and completion technology can provide long term growth and robust economics. While preferring operated assets, Peregrine will consider quality non-operated opportunities on a selective basis.