$10,000,000
Namibia PEL96 (1910A, 1911 & 1912B)
Tower Resources are seeking a partner to drill an exploartion well in PEL96 in the Walvis Basin.
The block is over the Dolphin Graben which is a mature source kitchen adjacent to the Alpha and Gamma prospects which are 4-way structural glosures with Albian carbonate plays draped by Tertiary sand plays.
Details
Asset Name
: Namibia PEL96 (1910A, 1911 & 1912B)
Ref
: AF-NAM-PEL96
Continent
: Africa
Country
: Namibia
Location
: Offshore
Project Phase
: Exploration
Latitude
: -19.4
Longitude
: 11.4
Operator
: Tower Resources
Other partners
: NAMCOR
Farmout company
: Tower Resources
Mandated Agent
: Envoi
Work Programmes
: Drilling
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $10,000,000