Outlook for 2019 and Beyond3 Jun 2019 11:08
This paragraph is in the last RNS.
Potter said that he looks forward to reporting further developments in the coming year. Is the coming year 2020 or the next 12 months?
Going forward, everyone at the Group remains entirely focussed on the singular task of seeing an initial exploration well completed. The Group's current obligation - to safely implement an environmentally responsible well prior to the end of 2020 - has been clearly laid out by the Government in our recent licence extension. The Group has not had the ability to demonstrate this level of certainty of tenure for a considerable period of time. Along with this, we have secured the working capital we need, the Government is supportive, the legislative regime is clear and enacted, and we have an adviser in place. At the same time, the surrounding industry circumstances are favourable, with sustained recovery in the global oil price, and renewed industry interest in frontier exploration. In 2019 and 2020, we thus look forward to delivering: securing the investment needed to drill an initial exploration well and thereby move this exciting project forward.
We would like to thank all our investors and staff for their continued support and perseverance and look forward to reporting on further developments to you over the course of the coming year."