Objectives for 2016
Complete further farm-outtransactions during H1 2016 to fund forward well drilling programme for next 18 – 24 months
- > Strengthenfinancialpositionthrough successful farm-outs: contribution towards significant historic cost pool
- > Maintain capital and cost discipline with focused team
- > Undertakefocusedtechnicalworktosupportforwarddrillingprogramme
- > Manageportfoliovialicenceextensionsand/orrationaliseportfolioconsistent
with exploration potential and holding costs
- > Evaluatenewventuresandinorganicopportunities
- > Considerchangingparentcompanyjurisdictiontoalignwithrecentde-listingfrom Australia and to simplify the group structur
new presentation out by African Petroleum, page-3
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