$25,000,000
Equatorial Guinea Block H
Atlas-Oranto is looking for a partner to drill the Aleta prospect in a prospective part of the Gulf of Guinea in 1240m water.
A farm-in partner would be expected to pay drilling costs for approximtely a 50% stake.
Details
Asset Name
: Equatorial Guinea Block H
Ref
: AF-EQU-BLOH
Continent
: Africa
Country
: Equatorial Guinea
Location
: Offshore
Project Phase
: Exploration
Latitude
: 2.4
Longitude
: 9.36
License Start
: 2004
Operator
: Atlas Petroleum International Ltd
Other partners
: None
Farmout company
: Atlas Petroleum International Ltd
Mandated Agent
: Simco Petroleum
Work Programmes
: Drilling
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $25,000,000 - $50,000,000
FarmoutAngel confidence
: High
Consideration Sought
: $25,000,000