CEO: “The successful completion of the transaction with Ophir Energy in Côte d’Ivoire marks a strong start to the year for African Petroleum. It indicates an industry appetite for compelling farm- out opportunities, validates our strategy, endorses our world-class acreage and demonstrates the ability to deliver on our stated objectives, despite the challenging market conditions. The Company’s focus is to convert the multiple ongoing conversations with potential partners, across our portfolio, into farm-out transactions. The continued positive news-flow from the activities
of operators in adjacent blocks in Senegal has certainly assisted with the discussions related to our Gambia and Senegal licences. Based on the current level of interest we are receiving in those assets and the encouraging discussions we have ongoing with potential industry partners, we are confident of concluding additional transactions in the near future that will form partnerships to explore our world-class acreage position.”
