$2,500,000
Egypt North Beni Suef
Pharos Energy are seeking to divest 50% equity in the North Beni Suef exploration block. Work programme of the first three year phase includes drilling 2 new wells and seismic acquisition. No drilling commitments in the first phase. Existing data include 3,101km of 2D seismic, 1,625km2 of 3D seismic and 8 wells.
Details
Asset Name
: North Beni Suef
Ref
: AF-EGY-NBS
Continent
: Africa
Country
: Egypt
Location
: Onshore
Project Phase
: Appraisal / Development
Latitude
: 29.2835
Longitude
: 31.2497
Operator
: Pharos Energy
Farmout company
: Pharos Energy
Mandated Agent
: None
Work Programmes
: Seismic, Drilling, Other
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $2,500,000