$500,000
Angola CON5
The partners of this Block are seeking investement to acquire new seismic and drill a wildcat well.
The block was recently awarded in the 2022 Bid Round.
Details
Asset Name
:
Angola CON5
Ref
:
AF-ANG-CON5
Continent
: Africa
Country
: Angola
Location
: Onshore
Project Phase
: Exploration
Latitude
:
-6.337
Longitude
:
13.016
License Start
: 2022
License Expiry
: 2027
Operator
:
MTI Energy
Other partners
:
Prodoil, Prodiaman Oil Services Gp, Upite Oil Company SA, Servicab SA
Farmout company
:
ProdOil
Mandated Agent
:
none
Work Programmes
: Seismic
Back Costs
: < $100,000
Equity Offered
: 80 - 100%
Deal Status
:
Open
FarmoutAngel Valuation
: $250,000 - $500,000
FarmoutAngel confidence
: Medium
Consideration Sought
:
$500,000