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Focusing on the Company’s vision
to become a major player amongst the E&P companies in the country,
the Company obtained the requisite governmental approvals for
undertaking exploration activities, earmarking a fund of US $20
million per annum exclusively for exploration activities and has
since 2001 embarked upon a bold and vigorous exploration program.
The exploration strategy envisages evaluation of potential. |
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sedimentary basins of the country to identify and acquire new
exploration areas as well as assessing prospects and negotiating
terms for Company’s participation as joint venture partner in the
already awarded blocks. |
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Pursuing its mission it now has a fully developed, high-end exploration department, which is equipped with the state of the art hardware/software technologies and manned by professionals in geological, geophysical, petro-physical and geochemical expertise. The Company since expansion of its exploration business has participated in nineteen exploration blocks/licenses; and currently the status of its interest share as a joint venture partner in various blocks is as follows: |
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| Additionally Company operates in two D&P leases as follows: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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