10/21:
"...announce the completion of the first seismic acquisition program...The processing of all seismic data and comprehensive interpretation is expected to be finalized by
early December."
9/2:
"Once the results of the vertical seismic profile and 2D seismic data on the 6-2 well are complete, the Company will make a decision on production testing."
8/5:
"Next Phase of the Exploration Program: With the confirmation of a working conventional hydrocarbon system within the first of a potential five sub basins, the Company and its joint venture partner NAMCOR will be using drilling and 2D seismic data to determine the planning and execution of future drilling locations. In addition to potential production testing results from the 6-2 and 6-1 wells, future drilling locations will target potential hydrocardon bearing structures from the seismic program with the purpose of achieving
commercial levels of oil and gas production. It is expected that once the seismic data is acquired,
an additional one or two wells will be drilled in 2021 and a further two to four wells drilled in the first half of 2022. Additionally, the acquisition and integrated interpretation of the 2D seismic data will facilitate
a farm out joint venture process for the Company which will further accelerate the overall evaluation, exploration, and development of the 8,500,000 acres in Namibia and Botswana."
Oncetheresultsoftheverticalseismicprofileand2Dseismicdataonthe6-2wellarecomplete,theCompanywillmakeadecisiononproductiontesting.