$5,000,000
Ghana Keta Delta
Swiss African are seeking funding for 1100 km 2D seismic and 1 well.
The company has a reported minimum expenditure of $40m but this would appear to be ambitious.
This coastal block covers both the onshore and offshore parts of the basin, with Devonian, Jurassic and Cretaceous potential.
Details
Asset Name
: Keta Delta
Ref
: AF-GHA-KTDL
Continent
: Africa
Country
: Ghana
Location
: Onshore, Offshore
Project Phase
: Exploration
Latitude
: 5.84
Longitude
: 0.91
License Start
: 2014
License Expiry
: 2022
Operator
: Swiss African Oil Company Ltd
Other partners
: Pet Volta Investments, GNPC
Farmout company
: Swiss African Oil Company Ltd
Mandated Agent
: none
Work Programmes
: Seismic, Drilling
Back Costs
: Unknown
Equity Offered
: 40 - 60%
Deal Status
: Open
FarmoutAngel Valuation
: $1,000,000 - $5,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $5,000,000