For personal use only

Description

For personal use only

Sujets

• Arts

Informations

• Publié par: ecomejex
• Nombre de lectures: 40
• Langue: Français

Extrait

ACN 120 580 618 163 Stirling Highway Nedlands Western Australia 6009 Tel: + 61 8 9389 3200 Fax: + 61 8 9389 3299 email: [e-mail] QUARTERLY REPORT For the Quarter Ended 31st March 2011 HIGHLIGHTS Southern England – Weald Basin  Onshore LIDSEY #2 DRILLING PAD CONSTRUCTION COMPLETED • Site construction work has now been completed allowing drilling to commence once drilling rig becomes available. STRONG OIL PRICES BENEFITING • Oil sales from both Brockham and Lidsey fields providing strong receipts as Company benefits from increases in world oil pricing. An average price of USD $105 per barrel achieved throughout the quarter and USD $114 throughout the month of March 2011. Tanzania – Nyuni PSA FARM DOWN NYUNI BLOCK INTEREST REDUCED FROM 20% TO 5% •with Aminex/Ndovu to reduce interest from 20% to 5%. Provides free Agreement carry through the drilling phase of Nyuni 2, to be drilled in the Nyuni Block. • PSA Licence extended and terms for a new PSA over block agreed with Tanzanian Petroleum Development Corporation (TPDC).

NYUNI 2 DRILLING •2 well now expected to be drilled in late May 2011. Nyuni

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