$5,000,000
Zimbabwe SG 4571
SG 4571 Block is located in the Cabora Bassa Basin in northern Zimbabwe. The licence holds the Mzarabani prospect mapped by Mobil Oil in 1990s. Third party evaluation assigns Mean Prospective Resources of 9.25 TCF and 294 mmbbls conventional gas condensate. Looking for a partner to earn up to 50% WI on the licence and fund an infill 2D seismic survey and 2 exploration wells, plus back costs.
Details
Asset Name
: SG4571
Ref
: AF-ZWE-SG
Continent
: Africa
Country
: Zimbabwe
Location
: Onshore
Project Phase
: Frontier
Latitude
: -16.1428
Longitude
: 31.0929
License Start
: 2017
License Expiry
: 2023
Operator
: Invictus Energy Resources
Other partners
: One-Gas-Resources
Farmout company
: Invictus Energy Resources
Mandated Agent
: Envoi Ltd
Work Programmes
: Geological, Drilling, Development
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000