As it states on Parker’s website, “With our energy expertise and an exciting portfolio of assets we aim to create stakeholder value through exploration, reserves and production, and opportunistic value realization.”

Parker Tech President and co-founder, Harald van der Kam, states: "I welcome Drake as both a joint-venture partner and as a stakeholder in our company. Shareholders of both companies will benefit from this transaction." Parker is currently underway with plans to go public in the near future.