Strategy
Maha Energy focuses on leading the oil and gas recovery industry by developing and operating productive fields, maximizing value, driving profitability, and working ethically and responsibly to benefit all stakeholders.
Vision
Our new concept is about rewriting journeys, renewing values and going beyond what has already been achieved.
Maha represents a unique platform geared to growing production through a combination of optimizing existing assets while also seeking to acquire new producing assets at attractive entry prices – particularly where we see a clear path to expanding volumes in a capital-efficient manner. With cash available for deployment, the right team in place to drive growth, and a sound go forward strategy, Maha has set out to find, secure and purchase good producing assets at attractive entry prices that can further support growing our production base.
In 2013, a new chapter began: the creation of Maha, an independent international oil company, focusing on recovering oil and gas reserves and operating productive assets. With a team of industry experts and a defined purpose, Maha began the journey of building a solid base of oil and gas assets and growing strategy.
Maha is an oil and gas company, aiming to become a leader within the field of recovering oil and gas reserves and operating productive assets in different regions of the world . In the US, we have production from our assets in the Illinois Basin, Illinois/ Indiana. In Brazil, we have in Q1 2024 acquired about 12 million shares in 3R Petroleum and triggered a consolidation process on the Brazilian oil market, in order to unlock potential value to shareholders. Subsequently, Enauta and 3R Petroleum merged, changed name to Brava Energia and Maha rolled-up its 15% holdings in 3R Petroleum Offshore (the Peroá and Papa Terra clusters) into Brava Energia in exchange for approximately 10 million additional shares. Maha presently holds about 22 million shares in Brava Energia, corresponding to 4.76% of the shares, in one of the leading and most diversified independent companies operating in the Latin American oil and gas chain.
Illinois Basin
95% Wl (Operator
46 deg API Oil)
3R Petroleum
Oman
65% WI
13 deg API Oil