$5,000,000
Senegal Diender Block
Africa Fortesa are seeking to farming-out part of its interest in the producing gas-to-power Diender Block onshore Senegal.
AFRICA FORTESA have two onshore permits, a long-term exploitation permit and an exploration permit that is on-trend with the recently discovered Sangomar field, where substantial oil reserves were uncovered in 2014. FORTESA is seeking further new shareholders to join our share capital that is 60% private equity and 40% management and U.S. investors; FORTESA has not sought to farm-down their position in Senegal.
Details
Asset Name
: Diender
Ref
: AF-SEN-D
Continent
: Africa
Country
: Senegal
Location
: Onshore
Project Phase
: Production
Latitude
: 14.8865
Longitude
: -17.0452
License Start
: 1997
Operator
: Fortesa International
Other partners
: Petrosen
Farmout company
: Fortesa International
Mandated Agent
: None
Work Programmes
: Development, Production
Back Costs
: Unknown
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000