$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