RE: Current cash?25 Sep 2025 07:30
Within the offshore Lixus licence and at the Anchois project specifically, three wells have now been drilled, all of which found gas. With the resources discovered to date we still see material economic value and we are in the process of rescoping an optimised development plan with reduced capex to enable a path towards a Final Investment Decision. We also see plenty of upside opportunities beyond Anchois in shallower targets such as the Anguille hub, where a prospective best estimate recoverable resource base of 500Bcf has been identified. This cluster of prospects are on trend from Anchois and along the planned flowline route and therefore could link directly into the planned Anchois infrastructure or even be a lower cost initial development.