Mid Tier Company11 Jul 2018 15:08
"The past 12 months, our focus was, and continues to be, on developing our highly prospective oil appraisal and development project at OPL 226, offshore Nigeria. We look forward to drilling an appraisal well to the NOA-1 oil discovery and place it on production through an Early Production Scheme. This would be followed by the drilling of up to three additional similar wells on the prolific NOA Structure. This phase of the project would precede a full field development. In the meantime, our team continues to review additional prospects in an effort to identify other exciting opportunities that fit our selective criteria. We envision building a mid-tier oil and gas company with the support of our partner Shoreline Energy, one of Nigeria`s largest conglomerates, our financing partners and our loyal shareholders.While we recognize that everything is taking much longer than we initially estimated, our preparedness, enthusiasm and persistence have not diminished one little bit."