1st question answered:
Phase 2
– Install artificial lift system, additional tankage
– Target installation date late 2017
– Production rate dependent on field performance in Phase 1, but aim is for increase
– Costs ~$3 mm, funding under discussion
2nd question answered:
JV program has re-evaluated all data to define best targets for next drilling campaign
â–Ş Focused on Ungani trend
â–Ş Also focused on new plays from the Anderson/Reeves discovery in Ungani FW1
Exploring potential funding for multiwell high impact program with 10 prospects being cleared and and EOI for rig underway
Gas - not sure it answers how we fund it unless we completely fund it ourselves from profits, but Forward Program:
Expected ultimate resource volumes will underpin long life and large scale contracts
â–Ş Project flow is to market initial tranche of gas to underwrite pipeline, facilitate development and to create project cash flow to fund further project expansion
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