Key Milestones

JUNE 2011
A founding partner of TAOL acquired 1,762km of 2D seismic in offshore block 5b in Guinea Bissau before the official award of the concession.

FEBRUARY 2013
A founding partner of TAOL farmed in and respectively acquired 52% Net Working Interest (“NWI”) in offshore block 1 in Guinea Bissau and 58.5% NWI in offshore block 5b in Guinea Bissau.

MARCH 2013
TAOL was incorporated under the laws of BVI by a group of entrepreneurs and investors to discover untapped oil resources in the West African region using the Rex Technologies exploration methods. Both WIs in blocks 1 and 5b in Guinea Bissau were transferred to TAOL

MARCH 2013
TAOL inked an exclusive intellectual property license agreement with Rex Technology Management Ltd for the entire West African region for a minimum of 15 years.

MAY 2013
TAOL acquired 1,810km 2D seismic data in offshore block 1 in Guinea Bissau.

JUNE 2013
TAOL acquired an additional 1,722km 2D seismic data in offshore block 5b in Guinea Bissau.

JULY 2013
TAOL was officially awarded 100% Working Interest of the offshore Djiffere block in Senegal with a 10% carry interest for Petrosen, meaning a 90% NWI.

.FEBRUARY 2014
TAOL sold 49% of its subsidiary which is holding the 90% NWI of the offshore Djiffere block in Senegal.

APRIL 2014
TAOL acquired 4,000km 2D seismic data in the offshore Djiffere block in Senegal.

NOVEMBER 2014
TAOL acquired 2,700km2 3D seismic data in the offshore block 5b in Guinea Bissau.

SEPTEMBER 2015
TAOL farmed out a 400km2 3D campaign in the offshore Djiffere block in Senegal with an option of a full carry for one exploration well

JULY 2016
TAOL awarded GM&P to perform a Notional Development Plan on Block 5b proving the financially feasible viability of the project

NOVEMBER 2016
TAOL commenced the Reprocessing of 2D lines in Block 1 performed by DUG

FEBRUARY 2017
TAOL awarded Beagle Geosciences to perform an amended interpretation of Block 1 based on reprocessed lines

JANUARY 2017
Rock Solid Images performed a Rock Physics study on Block 5b

APRIL 2018
TAOL awarded Beagle Geoscience to perform an amended Interpretation of Bock 5b

DECEMBER 2018
TAOL sold its shares in TAOL Djiffere (ltd)