$400,000
Morocco Inezgane Offshore Blocks 1-6
Europa Oil and Gas is looking for a partner to undertake the reprocessing of 250 km 2D seismic, and carry 1 exploration well in the Lower Cretaceous.
Europa’s forward plan is initially centred on a low cost work programme including seismic reprocessing to mature these potentially large stacked structures to drillable status over the next 2-years with a view to attracting partners to carry Europa for an exploration well in 2021 or 2022. Europa believes if the Lower Cretaceous play can be unlocked enormous upside lies within the rest of the permit area
ONHYM has a carried 25% interest in the exploration phase and pays own share of development and production costs
Details
Asset Name
: Inezgane Offshore 1-6
Ref
: AF-MOR-IO1
Continent
: Africa
Country
: Morocco
Location
: Offshore
Project Phase
: Exploration
Latitude
: 30.7539
Longitude
: -11.9900
License Start
: 2018
Operator
: Europa Oil & Gas
Other partners
: ONHYM 25%
Farmout company
: Europa Oil & Gas
Mandated Agent
: None
Work Programmes
: Drilling, Other
Back Costs
: < $100,000
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $400,000