$1,000,000
Guinea Bissau Block 1
TraceAtlantic Oil is looking for partner to fund a 3D survey and develop Block 1 (Corvina).
Details
Asset Name
: Block 1
Ref
: AF-GNB-B1
Continent
: Africa
Country
: Guinea-Bissau
Location
: Onshore, Offshore
Project Phase
: Exploration
Latitude
: 11.9173
Longitude
: -16.7024
License Start
: 2008
Operator
: TraceAtlantic Oil
Other partners
: Cap Energy, Sphere Petroleum, Petroguin
Farmout company
: TraceAtlantic Oil
Work Programmes
: Seismic
Back Costs
: $100,000 - $1m
Equity Offered
: 20 - 40%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $1,000,000