Afternoon trading March 3, page-60

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    Hartshead’s success in the UK 32nd Offshore Licensing Round resulted in the formal award of five contigous blocks in the Southern North Sea (HRL License) as announced on 25 January 2021, with four existing discoveries totalling 354 Bcf1 of 2C Contingent Resources. Of the A$8.0 million Placement, A$7.0 million enables Ansila to fully fund the work programme commitments of Phase I operations through to the preliminary field development plan submission and the additional A$1.0 million raised enables Ansila to progress work on the Phase II assets as part of a multi-phased development of existing gas discoveries: Phase I: Victoria and Viking Wx fields with 2172 Bcf of audited 2C Contingent Resources Phase II: Audrey NW and Tethys North fields with 1391 Bcf of 2C Contingent Resources
 
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