$2,000,000
Cuba Block 21 A-P
Petro Australis is seeking investemnt in two blocks; Block 21 A-P, which contains the Pina oilfield and Block 14/13 NE which has considerable exploration upside.
Block 21 A-P Pina Oilfield Resource Estimates:
Pina Tuff; 13.9 MMBO, 150 locations
Pina Effusivos; 187 MMBO, tested in 50 wells, 500 locations
Carbonates; Two stacked exploration prospects:391 MMBO, CoS:20-30%
Details
Asset Name
: Cuba Block 21 A-P
Ref
: NA_CUB_21AP
Continent
: North America
Country
: Cuba
Location
: Onshore
Project Phase
: Production
Latitude
: 22.0
Longitude
: -78.75
License Start
: 2018
License Expiry
: 2043
Operator
: Petro Australis
Other partners
: None
Farmout company
: Petro Australis
Mandated Agent
: Moyes & Co
Work Programmes
: Production
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $2,000,000