Quarterly Activities Report
Highlights:
• Appointment of John Imle as new CEO
• Testing from both zones at Lempuyang-1 produced gas to surface
• New 3D seismic planned over Jerudong oil field
• Insurance claim lodged in respect of well control at Lempuyang-1 well for potential re-drill (approx $18m)
• Rombebai Production Sharing Contract extended to July 2013
• South Madura additional deep targets identified: potential for farm-out to realise value
• Funding initiatives put in place with Share Purchase Plan launched and finalisation of US$20M convertible note facility
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