$5,000,000
Kenya Block 14T
National Oil Corp of Kenya is farming out part of their 100% owned Block 14T. Exploration work on the licence includes gravity (FTG), magnetotellurics (MT), aeromagnetic and seismic data acquisitions. Additional acquisition of 2D seismic was carried out in 2017 with two wells drilled in early 2018.
Details
Asset Name
: Block 14T
Ref
: AF-KEN-B14T
Continent
: Africa
Country
: Kenya
Location
: Onshore
Project Phase
: Exploration
Latitude
: -0.2729
Longitude
: 36.3775
Operator
: National Oil Corp of Kenya
Farmout company
: National Oil Corp of Kenya
Work Programmes
: Seismic, Drilling
Back Costs
: $1m - $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000