Explorco reports improved 2025 performance ahead of Voltaian Basin drilling
GNPC Exploration and Production Limited reported a stronger financial position in 2025. Managing Director Samuel Opoku Arthur noted growth in profitability, revenue, and cash generation. The company also reduced its overall borrowings. These improvements provide a foundation for future investments. The firm is preparing for an onshore drilling campaign in the Voltaian Basin scheduled for the fourth quarter of 2026. These details were shared during an annual general meeting on October 27, 2026.
GNPC Exploration and Production Limited (Explorco) says its financial position improved in 2025 as it prepares for an onshore drilling campaign in the Voltaian Basin in the fourth quarter of 2026. The company reported growth in revenue and profitability, stronger cash generation and a significant reduction in overall borrowings, according to its Managing Director, Samuel Opoku Arthur. He disclosed this at Explorco’s first Annual General Meeting (AGM), held at the Accra Marriott Hotel on Tuesday, October 27, 2026. Mr Arthur said the improved performance provided a stronger financial foundation for future investments, although the company continued to manage outstanding financial obligations and receivables.