Tullow-Namibia Report

FYI
Extract on Namibia (from Tullow First Half Report).

"Namibia
The Kudu gas project continues to progress, Gas Sales Agreement negotiations are well advanced and the Namibian national oil company is progressing the farm-out of a significant share of its upstream equity.
Following last year's farm in to the exploration licence PEL 0037, acquisition of 3,000 sq km 3D seismic and an additional 1,000 km of 2D seismic has been completed. The processing of this data is expected to be completed shortly, with several prospects and leads already identified on the fast track seismic dataset.
In July 2014, Tullow signed an agreement, subject to government approval, with Eco Atlantic to farm-in to offshore Block 2012A in the PEL 0030 exploration licence, directly north of PEL 0037. Tullow has farmed in at 25% during the seismic phase, increasing to 40% with operatorship, if a prospect is selected to drill. A 1,000 sq km 3D seismic survey of the block is due to commence in the fourth quarter of 2014."

(PEL0037... THAT'S US!...but you probably already knew that)
GLTA,
RobReg.