$5,000,000
Benin Block 5
Oranto are seeking funding for 1st wildcat well in this deepwater block, down-dip of discoveries.
Blocks 5 and 6 have modern 3D coverage with numerous leads mapped.
Details
Asset Name
: Benin Block 5
Ref
: AF-BEN-BLK5
Continent
: Africa
Country
: Benin
Location
: Offshore
Project Phase
: Exploration
Latitude
: 5.22
Longitude
: 2.16
License Start
: 2009
License Expiry
: 2018
Operator
: Oranto Petroleum International Ltd
Other partners
: None
Farmout company
: Oranto Petroleum International Ltd
Mandated Agent
: Simco Petroleum
Work Programmes
: Drilling
Back Costs
: $1m - $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $5,000,000