$500,000
Guinea Bissau Block 5B
Trace Atlantic, Cap Energy and Sphere Petroleum and seeking a partner to explore Block 5B (Becuda). The block is undrilled but sits along the shelf edge play that has proven successful to the north.
The block has 3D coverage as a part of the JAAN merge 3D survey
Details
Asset Name
: Block 5B
Ref
: AF-GNB-B5
Continent
: Africa
Country
: Guinea-Bissau
Location
: Offshore
Project Phase
: Exploration
Latitude
: 10.7415
Longitude
: -17.1230
License Start
: 2008
Operator
: TraceAtlantic Oil
Other partners
: Sphere Petroleum, Petroguin
Farmout company
: Sphere Petroleum
Mandated Agent
: None
Work Programmes
: Drilling
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $500,000