RE: Producing Oil17 Oct 2022 18:23
A lot of work has gone on in the background in the past year both in terms of assessing third party finance options as well as drawing up operational oil production development plans with the government. With oil prices hovering at historical highs, it is the intention of the Company to proceed quickly to signing its first production sharing agreement with the Sudanese government.
"It is the Company's intention in 2023 to be up and running across multiple fields, across multiple blocks and funded via multiple third parties so that the company is producing a significant portion of the 100,000 bopd target."