- One of the few remaining underexplored basins of the world, with great hydrocarbon potential being bordered by countries - Iran, Azerbaijan, Georgia and Turkey - that collectively produce billions of barrels of oil and trillions of cubic feet of gas per year.
- Armenia imports all of its hydrocarbon requirements including all natural gas as well as crude and refined oil, leaving a ready open market for any indigenous sources.
- There is strong local energy demand and an expanding economy. A Western-style petroleum licencing system and contracts are in place.
- Strong international relationships with Russia, Europe, Iran, Canada and the USA. Armenia possesses a strategic business location in the Caucasus with a well-positioned infrastructure and an extremely well-educated work force in addition to abundant natural resources and the potential for significant and sustained capital growth.