RE: RNS1 Jul 2025 07:32
Good move by Jeremy to ensure we get all the pieces of the jigsaw in place ready for drilling later this year.
"The purpose of the Bridge Loan remains to provide the Company with working capital flexibility in preparation for the drilling of the NJOM-3 well on the Thali license in Cameroon. We are now expecting completion of the Cameroon farm-out shortly, however, with the Admarine 510 rig scheduled to be in Cameroon in October, we need to proceed with the contracting of other services. We are also making progress towards completion of the Namibia farm-out, and will update investors with concrete news on both projects when appropriate."