As per Announcement: In extracts
The agreement is subject to certain joint venture rights and to approvals by the other
joint venture parties in Block L8, namely Pancontinental and its wholly owned
subsidiary Afrex Limited and by the Kenyan Ministry of Energy. It is expected that
these conditions will be satisfied and completion will take place by the end of June.
Pancontinental offers exceptional leverage into the new Kenyan plays, and particularly
the giant Mbawa Prospect that is planned for drilling in the next year. We look forward
to the coming activities, including receiving the final Mbawa 3D seismic interpretation
and the planning for Mbawa drilling that will soon commence in earnest?.
From the first paragraph sounds like commencement next year and from the From the second paragraph it sounds like ASAP.
You maybe right Wasa ...... Im sitting tight !!
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