"TP/15 Exploration Permit (Norwest Operator & 25%)
Subsequent to the reporting period Norwest Energy provided notice to the TP/15 Joint Venture participants of its intention
to withdraw from the permit at the end of the current permit year, being 6 December 2021. In the meantime the Company
is in the process of transferring operatorship to Triangle Energy (Global) Ltd, to facilitate a smooth transition into the next
permit year for the remaining joint venture participants. The next permit year incorporates a work commitment to acquire
100 line kms of offshore 2D seismic data.
The Company's exit from TP/15 will better enable the Company to focus its efforts and resources on the high-impact
onshore Permian potential across the EP368 and EP426 exploration permits."
That will put Xanadu behind us and concentrate on gas with MIN
We have enough cash to move forward.
Great Job Iain.
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