$15,000,000
Equatorial Guinea Block P PDA Area
Vaalco are seeking to farm out in return for well and back costs. The PDA contains the Venus-1 Field and the Europa-1 Field.
Details
Asset Name
:
Equatorial Guinea Block P PDA Area
Ref
:
AF-EQU-BLOP
Continent
: Africa
Country
: Equatorial Guinea
Location
: Offshore
Project Phase
: Appraisal / Development
Latitude
:
2.07
Longitude
:
9.55
Operator
:
VAALCO Energy Inc
Other partners
:
Atlas 32%, Crown 5%, GEPetrol 20%
Farmout company
:
VAALCO Energy Inc
Mandated Agent
:
None
Work Programmes
: Drilling
Back Costs
: $1m - $10m
Equity Offered
: 20 - 40%
Deal Status
:
Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
:
$15,000,000