COMMAND PETROLEUM—HOME AND AWAY

Abstract

Recent overseas expansion has enabled Command to acquire new reserves cost effectively and gain access to world class exploration plays, but the company still calls Australia home. The evolution of the company's overseas expansion strategy can be directly attributed to specific and readily identifiable corporate characteristics. Through overseas expansion, the company has added value faster and more cost efficiently than would have been possible if its activities had been confined to Australia. Overseas expansion should not, however, be regarded as a growth panacea for other Australian oil companies. A company can only succeed by playing to its corporate strengths and not every company is genetically suited to overseas exploration.