- Business
- Sky Petroleum Inc (SKPI) is an emerging independent oil and gas exploration and production company that acquires, explores, develops, and produces oil and natural gas properties of others under financing arrangements in which the company funds costs in exchange for revenue interests. Founded in 2002 and headquartered at 5605 FM 423, Suite 500, Frisco, Texas, the company pursues high-impact international projects, including a production sharing contract with Albania's Ministry of Economy, Trade and Energy covering exploration blocks Four, Five, and Dumre; it targets rapid appraisal and development leveraging existing infrastructure and partners' operational expertise. Its common shares trade on the OTC Pink market under the ticker SKPI. The company, formerly known as Seaside Explorations Inc prior to its March 2005 name change, maintains a lean structure with one employee and focuses on global venture opportunities through its experienced management team led by CEO Karim Jobanputra. No major acquisitions, funding rounds, partnerships, or product launches have been reported in the last 1-2 years.