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Prospect I is located onshore Namibia in PetroleumExploration Licence 073 (“PEL73”) and is the Company’s largest prospect to be drilled so far. The results of the Naingopo explorationwell announced in January 2025 increased our confidence in the potential for Prospect I.
million acres in Namibia in the highly prospective Damara Fold Belt and Rift Basin exploration plays. The Company will be drilling its next well, Prospect I which is located onshore Namibia in PetroleumExploration Licence 073 (PEL 73). This will be the Companys largest exploration prospect drilled so far.
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