Moving on to the gas business, 2017 is a very important year. While there is still much work to do on monetising the gas assets, there is renewed momentum behind the project. The signing of definitive agreements in February 2017 was a significant step forward that has allowed us to focus on negotiations with potential partners. These are ongoing, and we look forward to updating you in due course.
Onshore Somaliland, the acquisition of 2D seismic data commenced in March 2017. The data is being acquired as part of a Somaliland government owned speculative 2D seismic acquisition project, with the Company purchasing the associated data from the government. To date, over 500 km has been acquired.
There have recently been a number of changes at Board and management level, and Board composition is under review. However, the fundamentals of the business are sound, our strategic focus is clear, and there are significant opportunities for value creation in the portfolio.
(Source: Genel Energy)
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