Jeremy Asher, chairman of (), caught up with Proactive Investors to discuss a reserves report for their Thali licence, offshore Cameroon.
The report's identified gross mean contingent resources of 18mln barrels (MMbbl) of oil across the proven Njonji-1 and Njonji-2 fault blocks with low/best/high estimates of 5/15/34 MMbbls respectively and a development contingency probability of 80% on the first phase and 70% on the second phase.
Asher says they've received a financing offer from an industry partner for the Thali licence and it's being considered alongside other funding options.
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