The Road is Clearer...
Highlights 2017
Appraisal well Ntorya-2 successfully drilled and tested
at a constrained rate of 17 mmscfd;
Significant increase to resources estimates as a result
of Ntorya-2, to over 1.34 tcf gross discovered gas in place;
News Events 1st Half 2018
Further upgrade to Ntorya resources expected shortly;
(February)
Ntorya-3 appraisal well expected to spud in second
quarter;
Priorities
Near Term 6 to 12 months
Determine development options for Ntorya
Obtain a development licence for Ntorya
Initiate the monetisation of the Ntorya development
Mid Term 1 to 2 years
Recycle proceeds of Ruvuma monetisation into new and
existing opportunities
Long Term 2 to 5 years
Ntorya EPS on stream and full development significantly
advanced
Further Appraisal well agreed (NT3)
- Competent Persons Report
- NT-3 appraisal well
- 25-year development licence
- Early production scheme engineering
- Technical work potentially including 3D seismic
Deeper Multi Level Targets - Lower level Liquid Potential
Material Regional resource
Access to Market
