As mentioned in the previous report, the company has started preparations for drilling of one commitment well on the Altair license. According to current licence terms this well should be drilled by April 2021.
Conversations are continuing with potential farm-in partners for the drilling programme in LLA-47, where the company is committed to drill nine more exploration wells by February 2022.
Since end of December, several wells at Puli C have been shut in due to mechanical failure of equipment, reducing daily output with around 90 barrels of oil (bopd) and 220 barrels of oil equivalents per day (boepd) of gas. Management is working on getting partners’ approval to engage and mobilize pulling rig and acquire downhole equipment plus spare parts to bring these wells back on stream as soon as possible