$10,000,000
South Africa Block 5/6/7
PetroSA holds 20% WI and is looking for a partner in block 5/6/7 or 224ER, offshore South Africa. Recently acquired 3D seismic data and ongoing geological studies with several prospective areas identified in the drift sequences.
Details
Asset Name
:
Block 5/6/7
Ref
:
AF-ZAF-224ER
Continent
: Africa
Country
: South Africa
Location
: Offshore
Project Phase
: Exploration
Latitude
:
-34.4965
Longitude
:
18.0670
Operator
:
TOTAL
Other partners
:
Shell, PetroSA
Farmout company
:
PetroSA
Mandated Agent
:
None
Work Programmes
: Geological, Seismic
Back Costs
: > $10m
Equity Offered
: 20 - 40%
Deal Status
:
Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
:
$10,000,000