$25,000,000

Equatorial Guinea Block H

Atlas-Oranto is looking for a partner to drill the Aleta prospect in a prospective part of the Gulf of Guinea in 1240m water.

A farm-in partner would be expected to pay drilling costs for approximtely a 50% stake.

Details

Asset Name : Equatorial Guinea Block H
Ref : AF-EQU-BLOH
Continent : Africa
Country : Equatorial Guinea
Location : Offshore
Project Phase : Exploration
Latitude : 2.4
Longitude : 9.36
License Start : 2004
Operator : Atlas Petroleum International Ltd
Other partners : None
Farmout company : Atlas Petroleum International Ltd
Mandated Agent : Simco Petroleum
Work Programmes : Drilling
Back Costs : Unknown
Equity Offered : 40 - 60%
Deal Status : Open
FarmoutAngel Valuation : $25,000,000 - $50,000,000
FarmoutAngel confidence : High
Consideration Sought : $25,000,000

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