$12,000,000
Namibia Block PEL43 (2011B, 2111A)
Oranto are seeking a partner to fund further 3D and drilling in a block with several mapped prospects incluing the massive Ondjou structure.
Simial pay to the Wingat prospect but with a much larger closure.
Source rock prsence and maturity probven by oil in the nearby Wingt and Murombe discoveries
Only 20% of the block has 3D coverage.
Details
Asset Name
: Namibia Block (PEL43) 2011B, 2111A
Ref
: AF-NAM-2011B
Continent
: Africa
Country
: Namibia
Location
: Offshore
Project Phase
: Exploration
Latitude
: -20.99
Longitude
: 11.51
License Start
: 2011
Operator
: Oranto Petroleum International Ltd
Other partners
: Namcor 10%, Ozondje Petroleum 3%
Farmout company
: Oranto Petroleum International Ltd
Mandated Agent
: Simco
Work Programmes
: Seismic, Drilling
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $12,000,000