Funding20 Mar 2024 09:44
Our next steps will be to finalise the documentation of the Thali license extension with the Ministry of Mines, Industry and Technological Development ("MINMIDT"), and to move our farm-out discussions with multiple parties towards a conclusion, we hope during the first quarter of 2024. As we have explained in the past, our plan is to fund the well primarily with asset-level financing, and we still believe that is realistic.
"While we finalise the farm-out discussions, we have chosen to raise a small amount of capital of which I am investing ÂŁ80,000. We envisage that the majority of the remaining well cost will come from asset-level financing. I have chosen to participate in this fundraising myself, as I have in several of our previous recent fundraisings, reflecting my personal commitment to this project and my confidence in its success."
So trying to avoid a placing imv .
GL.