All on track...4 Jun 2018 11:17
'Preparations are in hand to spud the first well, on the Snow Leopard prospect in Block V, in July 2018. This is to be followed back to back by a well on the Wild Horse prospect in Block IV. These two targets have estimates of 90MMbo and 480MMbo respectively of prospective resources, presenting excellent success case economics. In Block XX, five lease line prospects have been identified straddling the boundary of Petro Matad's Block XX and Petro China's producing Block XIX to the North. These targets offer prospective resources in the range of 15 to 28MMbo and have high chance of success with the potential for early commercialisation via production through adjacent processing and export facilities. Drilling in Block XX is expected to commence in the second half of 2018'.