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Development drilling on Avalon oil development
Execute production optimization upgrades on Anasuria Cluster
Complete 2nd successful infill well on Guillemot Field
Complete successful infill well on Cook Field
Awarded 50% working interest in in partnership with Azinor on appraisal license in UK 30th Bid Round
Awarded 50% working interest in partnership with Summit on exploration license in UK 30th Bid Round
? Anasuria produces over 5 mmbo since Ping acquisition
? Updated independent reserve audit on Anasuria by GCA. 7% increase in 2P reserves
Assume operatorship (50% working interest) of Avalon development. First oil in 2020
Assume operatorship and 100% working interest in Ranger
Drilled Ranger exploration well
Drilled successful appraisal well on Avalon oil discovery
Complete acquisition of 50% working interest in Avalon and 20% working interest in Ranger from Summit Petroleum
Completion of DneX’s acquisition of 30% of Ping Petroleum
Successful Transfer of Anasuria Operatorship
Open Ping Aberdeen office
Signing of Anasuria SPA with Shell and Esso
Incorporation of Ping Petroleum Limited July 2012. Open Ping office in Kuala Lumpur