MIRABUD:

Asset overview

APCL operates a large contiguous deepwater position offshore Gambia and Senegal covering a combined area of ~18,500km2 (as shown in Figure 12, below). The portfolio comprises 90% working interests in two Senegalese blocks, namely Rufisque Offshore Profond (ROP) and Senegal Offshore Sud Profond (SOSP), held in partnership with the State oil company Petrosen (10%). ****..These licences were awarded to APCL in 2011 and include a one well commitment on ROP by October 2015 (which is the subject of extension talks with the authorities following an 18 month deferral on the SOSP licence).

APCL has a drill of drop option on SOSP in April 2016 which, if exercised, will commit the company to one well by October 2017. As such, no near-term drilling activity is planned.

Hva er ståa i Gambia er ikke bra for APCL - så ser vi noen likeheter fra hvordan lillebror har valgt å behandle APCL?

APCL also holds 100% of the A1 and A4 blocks located on Gambia’s narrow strip of coastline, in between the ROP and SOSP licences. APCL was re-awarded 100% of A1 and A4 in November 2014 with an extended initial exploration term lasting until September 2016, by which time one well must be drilled on either block.


http://www.africanpetroleum.com.au/system/files/Mirabaud%20-%20APCL%20Research%20Note.pdf