$5,000,000

Sao Tome Principe Block 3

Oranto are seeking a partner to fund an exploration well in exchange for a significant equity stake. The block is undrilled but contains interesting Cenomanian leads.

Details

Asset Name : Sao Tome Principe Block 3
Ref : AF-STP-BLO3
Continent : Africa
Country : Sao Tome Principe
Location : Offshore
Project Phase : Exploration
Latitude : 1.97
Longitude : 8.24
Operator : Oranto Petroleum International Ltd
Farmout company : Oranto Petroleum International Ltd
Mandated Agent : Simco Petroleum
Work Programmes : Drilling
Back Costs : $100,000 - $1m
Equity Offered : 60 - 80%
Deal Status : Open
FarmoutAngel Valuation : $10,000,000 - $25,000,000
FarmoutAngel confidence : High
Consideration Sought : $5,000,000

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