$5,000,000
Sudan Block 17
StarOil are looking to divest their stake to fund further exploration.
Block 17 lies in the Muglad Basin and is the area outside Block 6. There are no fields or discoveries in the block but it is adjacent to producuing fields.
StarOil: ANSAN 66%, SUDAPET 34%
Details
Asset Name
: Block 17
Ref
: AF-SDN-B17
Continent
: Africa
Country
: Sudan
Location
: Onshore
Project Phase
: Exploration
Latitude
: 12.1667
Longitude
: 27.5000
Operator
: StarOil
Farmout company
: StarOil
Work Programmes
: Drilling, Development
Back Costs
: > $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000