Upcoming JRI-Invictus Webinar Questions, page-448

"If they were and have drilled off 2D and now seem to be balking at that does that not then mean that the basin is more complicated than first perceived?"

The Upper Angwa in outcrop consists of a small number of cyclical sedimentary units (sequences of sandstone/shale/(coal?). At Mukuyu the number of cycles is higher and sand units at base of each cycle appear to be generally thinner than in outcrop. This makes lateral extent of the channel units more critical to reservoir continuity and this is best mapped with 3D seismic.

I believe we won't see spud of next well until later in the year as time is needed to acquire and process 3D seismic and organize services for further drilling operations. I'm expecting August/September for spud.