Ann: Nigeria Exploration Update , page-3

Looks a little slow to me but I would expect the timeline is dependant on the timing of a favourable outcome to both the Mt Martin sale/commercialisation and award of the licensing for the high priority areas.

Mt Martin is an important short term funding source.

The wheels of bureaucracy in Nigeria are hard to predict but you cant drill if you dont have the licence. Note they still have other attractive areas to explore but would want to look at these as a priority.

Acceleration is possible if you get a positive resolution to these issues

Overall, it was nice to hear from them even if the tone was a little cautious. It's a start!