Address by chairman

As Chairman of Bay Veritas Limited, it is both an honor and a privilege to reflect on our company’s remarkable journey, share our vision, and reaffirm our unwavering commitment to sustainable growth in Ghana’s onshore oil and gas sector. Bay Veritas has consistently exemplified zeal, adaptability, and a steadfast dedication to the highest standards. With a clear focus on the future, we remain guided by our core values of respect, fairness, integrity and our trust in God.

In pride to ourselves as one of the pioneers in the onshore oil and gas industry, our mission is to harness resources responsibly, develop innovative solutions, and create lasting value. We place immense importance on fostering meaningful relationships with stakeholders and empowering our talented team to fulfill our responsibilities to society while delivering value to our shareholders. Over the past 20 years, we have evolved from a logistics support business to a key player in onshore oil and gas exploration. This progress would not have been possible without the dedication and hard work of our managers and employees, for which I am deeply grateful.

As we navigate uncharted territory in Ghana’s onshore oil and gas sector, Bay Veritas has a proven history of turning challenges into opportunities—a quality that has been central to our success. I strongly believe that stakeholder engagement and corporate responsibility are indispensable for sustainable growth. I am personally committed to ensuring that environmental protection and strong relationships with local communities remain our top priorities. These principles are essential for securing long-term social licenses and fostering mutual trust.

We also fully support the promotion and enforcement of local content laws, recognizingtheir critical role in enhancing the participation of indigenous Ghanaian companies in the onshore oil and gas sector. Bay Veritas is dedicated to developing local expertise, advancing the use of cutting-edge technology, and forging strategic partnerships that bring significant value to both the industry and the communities we serve.

Looking back on our achievements, I take immense pride in how far we’ve come by the help of God. Our focus remains firmly on the future. We are energized by the opportunities that lie ahead and are committed to playing a proactive role in Ghana’s sustainable development. Together, we will continue to build a brighter future for our business, our industry, our communities, and our country. In God we trust!!