“Frontier Explorer with a Clear Path to Production”
1. VIC/P67 asset is progressing to exploration drilling in late 2015
- Final results of the 3D seismic interpretation;
- Studies around the multiple development options progressing;
- Potential for AWE to become operator by mid-December;
- Tap Oil have the option to increase their rate of participation, and
- Seeking farm-in partner, data-room open in October
2. Seychelles asset moving into prospect maturation phase
- Seychelles 3D marine seismic survey acquisition completed in July following the Ophir Energy plc Farmout receiving full Government and Regulatory approval on 14 April 2014;
- Fast Track seismic volume received with final pre-STM volume expected in November 2014, and
- Looking to farmout a further part of the residual interest for cash and a part appraisal carry.
3. As the two key projects mature the Company is now looking to further growth with the target being set for near term production opportunities most likely in Africa and pursue a potential dual listing on AIM.
To view Presentation please download PDF attached:
