$10,000,000
Senegal St Louis and Cayar Shallow Offshore
Oranto have a recently acquired 3D and are seeking a partner to fund an exploration well
St Louis has 13 leads mapped and the company is looking for a partner to share the exploration risk. The 8-year exploration phase requires 1,500 km2 seismic acquisition, drilling of a well at the minimum depth of 2,000 m and relinquishment of 25% of the block.
Cayar has 3 identified prospects, Fish Eagle,Vulture and Gainde. The Cayar block is in the second phase of its exploration programme, requiring drilling of one well and relinquishment of 20% of the block.
Oranto holds 90% WI on St Louis and Cayar Shallow Offshore blocks.
Details
Asset Name
: St Louis and Cayar Shallow Onshore
Ref
: AF-SEN-SLCSO
Continent
: Africa
Country
: Senegal
Location
: Offshore
Project Phase
: Exploration
Latitude
: 15.4160
Longitude
: -16.8821
License Start
: 2008
Operator
: Oranto Petroleum
Other partners
: Petrosen
Farmout company
: Oranto Petroleum
Mandated Agent
: Simco
Work Programmes
: Drilling
Back Costs
: > $10m
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000