Jan 14 (Reuters) - Azonto Petroleum Ltd APY.AX :
* Says sale proceeds will not materially impact cash balances of the company
* Says company is still negotiating the sale of residual oil field equipment held in Abidjan
* Says liquidation of Azonto Petroleum Ghana) limited which is expected to be completed imminently
* Company continues to actively evaluate new opportunities and ventures and hopes to finalize a new direction in the coming period
* Company currently has approximately A$7.9 million in balance
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