2nd Quarter 2013 Financial Results August 22, 2013 1
Company Overview High impact onshore and offshore exploration acreage operated by Full-cycle Anadarko and Maurel & Prom assets in Two proven, producing natural gas fields and midstream assets in East Africa Tanzania Near term…
2nd Quarter 2013 Financial Results 4
Q2 2013 Highlights Secured a 10 million, long-term debt facility and drew 4 million in Q2. In conjunction with the loan, issued the lender 5,000,000 warrants each exercisable into one common share on or before December 31, 2015…
Q2 2013 Financial Results (in US) Q2 2013 Q2 2012 Revenues 235,000 182,000 Total expenses (2,726,000) (2,401,000) Derivative financial liability 393,000 6,940,000 Net finance income (loss) 1,299,000 (118,000) Net (loss) income…
Near Term Catalysts 7
Near Term Catalysts Exploration Development Results of an ongoing Mnazi Bay, Finalize a Gas Sales Agreement for up to Tanzania G&G study, including 130 mmcf/d to supply the new Mnazi Bay interpretation of new offshore 3D and to Dar…
Loading...
