So based on Ramsey1&2 data, 2D seismic, probably acquire 3D seismic, they will drill appraisal wells updip and hopefully avoid the water ingress encountered at Ramsey 1&2, plus drill some exploration wells.
I would guesstimate around Q4 CY25 to Q1 CY26 for actual drilling to commence.
Post 3D seismic acquisition/interpretation I would expect a roadshow followed by cash topup ahead of the drilling campaign.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-2
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