$5,000,000
STP-Nigeria JDZ Block 5
Oranto are seeking a partner to fund a well in exchange for a significant equity stake in this undrilled block. Multiple plays are presented here in the toe thrust area of the Niger Delta, the water here is deep, but the rewards may be large
Details
Asset Name
: STP-Nigeria JDZ Block 5
Ref
: AF-SNJ-BLO5
Continent
: Africa
Country
: STP-Nigeria JDZ
Location
: Offshore
Project Phase
: Exploration
Latitude
: 2.73
Longitude
: 7.25
Operator
: Oranto Petroleum International Ltd
Farmout company
: Oranto Petroleum International Ltd
Mandated Agent
: Simco Petroleum
Work Programmes
: Drilling
Back Costs
: $100,000 - $1m
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000