$5,000,000
Morocco Greater Tendrara Blocks
Sound Energy is farming out part or its whole interest in the Greater Tendrara blocks. The work programme consists of exploration and development activity. The company has estimated Gross Unrisked OGIP of 7.97 TCF.
Highlights
- TE-6 Vertical well, 28m net pay, flow achieved pre stimulation, 17 mmscf/d achieved post-stimulation
- TE-7 Horizontal well, 32 mmscf/d after clean up: Successful Extended Well test
- TE-8 Step out appraisal well completed
- Resources certification by RPS Energy Consultants Limited completed January 2018 confirms mid-case GOIP of 0.65 Tcf (TE-5 Horst alone)
- Second TAGI discovery at TE-10 (non- commercial post testing)
Permit Area
- Figuig Province, North-East Morocco
- 120 km from Gazoduc Maghreb Europe (GME) pipeline (connecting Algeria and Morocco to the Spanish/Portuguese gas grids)
- Sub-divided into eight blocks
- Combined area of 14,500 km2.
Geology
- Represents a continuity of the Algerian Triassic Province and Saharan Hercynian platform
- Proven gas play in the Triassic ’tagi’ reservoir with significant upside potential
- Exploration programme to unlock potential of Depper Palaeozoic reservoirs
Details
Asset Name
: Greater Tendrara Blocks 1-8
Ref
: AF-MOR-GTB
Continent
: Africa
Country
: Morocco
Location
: Onshore
Project Phase
: Appraisal / Development
Latitude
: 33.1982
Longitude
: -2.6572
License Start
: 2018
License Expiry
: 2026
Operator
: Sound Energy
Other partners
: ONHYM, OGIF
Farmout company
: Sound Energy
Mandated Agent
: None
Work Programmes
: Seismic, Drilling, Other
Back Costs
: $1m - $10m
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000