$5,000,000
Sao Tome Principe Block 3
Oranto are seeking a partner to fund an exploration well in exchange for a significant equity stake. The block is undrilled but contains interesting Cenomanian leads.
Details
Asset Name
: Sao Tome Principe Block 3
Ref
: AF-STP-BLO3
Continent
: Africa
Country
: Sao Tome Principe
Location
: Offshore
Project Phase
: Exploration
Latitude
: 1.97
Longitude
: 8.24
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
: High
Consideration Sought
: $5,000,000