It plans to spud the Oyo North West Miocene exploration well before year-end.
The company has a total of four drill-ready prospects on the concession and is targeting prospective resources of 2.4 Bbbl of oil.
Offshore The Gambia, the company and partner FAR are interpreting recently acquired 3D seismic data over blocks A2 and A5 to mature identified prospects.
The company is also working with the Ghanaian government and its partners to progress development in theExpanded Shallow Water Tano block, with a new 3D seismic survey next spring. Results should improve subsurface definition and optimization of drilling targets.