$20,000,000
Namibia Block PEL29 (1910B, 2010A)
This block was recently relinquished by Global Petroleum Limited and is now open acreage.
Many of the plays here are shallow water carbonates, has the recent failure of the Welwitschia well cast doubt on these?
Details
Asset Name
:
Namibia Block PEL29 (1910B, 2010A)
Ref
:
AF-NAM-PEL29
Continent
: Africa
Country
: Namibia
Location
: Offshore
Project Phase
: Exploration
Latitude
:
-20.17
Longitude
:
10.59
Operator
:
NAMCOR
Farmout company
:
NAMCOR
Work Programmes
: Drilling
Back Costs
: Unknown
Equity Offered
: 80 - 100%
Deal Status
:
Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: Low
Consideration Sought
:
$20,000,000