The Company reserves its rights to the 100% operating working interest in the offshore licenses A1 and A4 comprising 2,672 km2.
Though currently in arbitration with the Government of The Gambia to protect its interests in the licenses, the Company has previously completed a significant 3D seismic survey with data covering 2,500 km2 and has found a number of analogue leads and prospects in its acreage to those of the discoveries and appraisal wells drilled by Cairn Energy in Senegal.
On 13 March 2015, the Company announced that independent petroleum consultant ERC Equipoise had prepared an updated assessment of prospective oil resources attributable to the Company’s Gambian licences. The assessment, estimates the net unrisked mean prospective oil resources at 3,079 MMStb.
Licenses: A1 and A4