Outlook

With exciting exploration programs underway and further opportunities being explored, Gippsland Offshore has been looking to continue it's growth.

Global financial conditions have slowed down progress with seeking a partner in Jamaica but the size of the opportunity and excellent PSC terms in country remain a draw card for a potential partner. As the global market stabilises, we expect to bring a partner into this project.

The coming year should see planning for wells in both Kenya and Jamaica accelerate and exploration commencing in earnest in France.

We aim to continue to build our world class portfolio.

We will continue to use our technology to lever into projects and be better at exploration.

Last updated: 6 Apr 2009