Rheochem is a diversified oil and gas business admitted to trading on AIM and ASX that specialises in the provision of drilling fluids and engineering services to the oil and gas exploration industry with operations in Australia, New Zealand and India. Rheochem also holds investments in two near term potential development oil and gas assets located in the North Sea, UK and Texas, USA, provides mineral processing services to the mining industry, and owns and operates one of only three purpose built mud blending facilities on the North-West Shelf of Western Australia.

The Company's objective is to establish itself in the global drilling fluids market and cement Rheochem as a brand name by continuing growth in existing regions and expansion into new markets. The Company also seeks to enhance the value of its oil and gas assets by further evaluation and appraisal. The Company also has a strategy of building up a portfolio of investments in a number of oil & gas exploration projects which have near term development potential.