AFEX maintains an active new business development effort and continues to identify and evaluate new opportunities in West Africa, particularly in the Gulf of Guinea. This activity follows our strategy of acquiring geologically interesting acreage at the attractive cost while diversifying the exploration risk profile.The company is currently considering increasing its licence holding positions in Cameroon and Equatorial Guinea as well as evaluating new opportunities in Congo, Gabon, Ghana, Nigeria, Chad, Sierra Leone and elsewhere in West Africa.