$5,000,000
DRC Block III
Efora Energy and Divine Inspitration are seeking to divest their equity in DRC Block III. The block is in the Lake Albert Rift Basin but lies to the south of the lake. The companies plan to drill exploration wells.
The two companies hold the block as an entity named Semliki Group.
Details
Asset Name
: Block III
Ref
: AF-COD-B3
Continent
: Africa
Country
: Democratic Republic of the Congo
Location
: Onshore
Project Phase
: Exploration
Latitude
: 0.8306
Longitude
: 29.6666
Operator
: Efora Energy
Other partners
: Divine Inspiration
Farmout company
: Efora Energy and Divine Inspiration
Mandated Agent
: None
Work Programmes
: Drilling
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000