$5,000,000
Egypt West Gebel El Zeit
GHP is seeking to divest 50% of it’s equity in the southern offshore area of the concession in the Zeit Bay waters. The company wishes to drill three exploration wells on identified leads, drilled deviated from onshore via artificial man–made islands.
The block has two small undeveloped fields that surround much larger producing fields, including the Al Amir Al Ola Field.
Details
Asset Name
: West Gebel El Zeit
Ref
: AF-EGY-WGEZ
Continent
: Africa
Country
: Egypt
Location
: Onshore
Project Phase
: Appraisal / Development
Latitude
: 33.4683
Longitude
: 27.8835
Operator
: GHP Exploration
Farmout company
: GHP Exploration
Work Programmes
: Drilling, Development
Back Costs
: $1m - $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000