RNS21 Mar 2012 10:26
So the key points from the RNS are:
Cash in bank
Positive cash flow
No debt
Failure in sangaw but possibility of 2nd drill around that area
50% interest in ntem
Madagascar on hold due to political probs - biggest potential
Looking for acquisitions
Statement:
the planned exploration programme in existing assets during 2012 is relatively modest, consisting of the acquisition of 2D seismic data in the Sangaw North licence in Kurdistan and aeromagnetic data in the Ambilobe licence in Madagascar.