• Nyuni: farm-outs signed with Key Petroleum, RAK Gas, East Africa Exploration.
• Contract signed for rig to drill two back to back wells on Nyuni.
• Placing and Right issue raises $29MM
• Seismic acquisition in Tanzania (Ruvuma Basin) and Madagascar.
• PSA signed in blocks L17 and L18 onshore/offshore Kenya.
• Kiliwani-1 well spudded with Caroil-6 rig.

• Transition zone seismic at Nyuni, Tanzania.
• PSA signed in Egypt for West El Esh Mellahah concession.

• 2 Texas development wells + 1 major work-over.
• New seismic acquisition at Nyuni.
• PSAs signed for Ruvuma (Tanzania) and Manja (Madagascar)

• 20-year petroleum co-operation agreement signed with the Government of North Korea.
• Nyuni-1 well drilled offshore Tanzania is the first offshore well to be drilled in Tanzanian waters for 13 years and prove the existence of crude oil.