Awarded Best AIM Company 2016

Share price at 17:15 69.50GBp

Day change:

1.50p 2.21%

Share price information delayed by 15 minutes

View detailed share price

Our Journey


January – Further Sidi Moktar acquisition

February – Secured option to acquire Meridja reconnaissance area

March – Introduction of partner to Sidi Moktar

April – Receipt of $1 million Indonesian Contingent Consideration

April – Spud of TE-6 (first well at Tendrara, Morocco)

May – Receipt of final Badile drilling approval

July – Farm out of Badile to Schlumberger

August – Results of TE-6 at Tendrara (28m net pay, 17mmscf/d on test)

September – Inclusion on FTSE AIM UK 50 Index

November – Results of TE-7 at Tendrara (32mmscf/d after clean up)

November – Successful £26.9 million capital raise

December – Inclusion in MSCI Global Small Cap Index


April – Secured further funding from the institutional cornerstone investor

May – Morocco country entry through the onshore gas licences at Tendrara

June – Memorandum of Understanding (“MOU”) with Schlumberger as strategic partner

October – Acquisition of Sidi Moktar licences, consolidating our position in Morocco

December – Introduction of Schlumberger to Tendrara


April – Introduction of a new Institutional Cornerstone Investor, Continental Investment Partners

July – First gas on the Casa Tiberi field (Marche Region of Italy)

September – Purchase of the land required for the Badile prospect


Achieved first gas from the onshore Rapagnano field in central Italy; maturation of Italian portfolio.

2012 / 2011

Strategic decision to focus on Mediterranean onshore gas; acquisition of onshore gas portfolio; disposal of Indonesian assets.