Capex Data
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Future Plans
• Approval for commercial development of Khurbet East field will lead to first oil production before end 2008;
• Exploration drilling in Syria may provide material upside from the Khurbet East and other areas;
• Exploration drilling on three ANH licenses in Colombia may provide material upside on favourable fiscal terms;
• Business plan for 2008 supported by strong balance sheet with cash and cash equivalents of $40.2 million as at 31 December 2007 (2006: $15.8 million).