From the Annual:
LIKELY DEVELOPMENTS
During the subsequent financial years the likely developments of the Group will be the farming out of interests in the licences, the implementation of an exploration program that includes a plan to drill exploration wells and acquisition of new seismic data in Papua New Guinea and to take advantage of currently depressed oil and gas markets to secure future opportunities. Except as described elsewhere in this Annual Report, the likely results of the exploration activities are unknown at the date of this report.
The way I read the above, they still don't have a real strategy in place or timeframe to achieve anything.
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