$1,000,000
Senegal Djiffere Block
Trace Atlantic is seeking a partner for the shallow water block. FAR had an option to Farm in but this did not complete.
Activity to Date:
• Total of 6 2D seismic surveys conducted between 1963 and 1985: – BP (1963 and 1965) – Esso (1969 and 1971) – Ocelot Senegal (1982 and 1985).
• New full fold 2D survey (3,750 km) acquired in 2014 by Dolphin Geophysical AS – processing and interpretation completed.
• 3D survey (380 km2) acquired in 2015 – processing and interpretation completed.
Next steps: Drilling of 1 exploration well.
Operator: Trace Atlantic Oil Djiffere Limited [100% owned by Sencap Limited, wholly owned subsidiary of CAP Energy]
Project Partners: Trace Atlantic Oil Djiffere Limited (90%); Petrosen (10%)
Details
Asset Name
: Senegal Djiffere Block
Ref
: AF-SEN-DJI
Continent
: Africa
Country
: Senegal
Location
: Offshore
Project Phase
: Exploration
Latitude
: 13.941
Longitude
: -16.984
Operator
: Trace Atlantic Oil Ltd
Other partners
: Petrosen
Farmout company
: Trace Atlantic Oil Ltd
Mandated Agent
: NONE
Work Programmes
: Drilling
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $1,000,000