$500,000
South Africa South Western Karoo
Falcon Oil and Gas holds the Technical Cooperation Permit on the South Western Karoo Block, located in the southwest Karoo Basin. The main target of the block is the Permian Whitehill Shale formation. Independent report estimated 390 Tcf of technically recoverable resources.
There are numerous exploration wells drilled but no discoveries.
Details
Asset Name
: South Western Karoo
Ref
: AF-ZAF-SWK
Continent
: Africa
Country
: South Africa
Location
: Onshore
Project Phase
: Frontier
Latitude
: -32.7242
Longitude
: 22.3854
License Start
: 2011
License Expiry
: 2021
Operator
: Falcon Oil & Gas
Farmout company
: Falcon Oil & Gas
Work Programmes
: Geological, Drilling
Back Costs
: $1m - $10m
Equity Offered
: Unknown
Deal Status
: Open
FarmoutAngel Valuation
: $500,000 - $1,000,000
FarmoutAngel confidence
: Low
Consideration Sought
: $500,000