Voyager's first overseas well - Al Akhaf-1 in Yemen's Block 35, drilled in partnership with Oil Search and various overseas partners with Voyager having a 15% stake - turned out to be dry. But the company said it was still interested in Yemeni prospects, both in Block 35 and elsewhere.

"Voyager consider there is still good exploration potential in block 35 and was encouraged by the recently reported strong oil flows – over 5000 bopd – achieved from fractured basement rocks in the Nabrajah-5 well, located in the adjacent block to the west,” the company said.

Voyager has said Yemen continued to be attractive for several reasons, including good fiscal terms, oil prone basins that were still under-explored, a potential for medium-to-large prospects, and favourable location close to major infrastructure and markets.

“In the short term, Voyager’s efforts in Yemen will be directed towards evaluating and possibly acquiring additional prospective acreage,” the company said.

“In addition Voyager agreed to join a study group with 25% equity to review and potentially bid on government-offered blocks in Yemen. Bids will be required in June.”

The company is also looking for growth opportunities in Australia.

“In March Voyager bid, as operator, on an offshore exploration block offered under the Australian government bid round process,” the company said. “The results of this bid should be known in the next quarter.”

New venture efforts were not limited to exploration projects, according to Voyager.

“We continue to evaluate and consider reserves acquisitions and corporate opportunities,” the company said.

Voyager achieved net production income of $1.84 million for the March quarter and a 31 March cash balance of $8.2 million. Net production from Jingemia averaged 410 bopd.