" No work was completed on Ambilobe during the quarter other than preparations to relinquish a portion of the block as required by the terms of the Ambilobe Production Sharing Contract (PSC). Once the application to relinquish has been processed, the Company expects to make the annual surface payment for the reduced area of the Ambilobe block. Subject to completing the relinquishment exercise, the Company will re-visit with parties that have expressed an interest in Ambilobe in order to progress the technical work required to generate drill targets."
JKA Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held