$10,000,000
Sierra Leone SL2020a
Innoson Oil & Gas are seeking a partner to fund the acquisition of new 3D data to resolve acreage prospectivity for the purpose of a drill or drop decision.
PDA SL2020a was awarded to Innoson in the 4th License round. The license is for 9 whole and part blocks was ratified April 2021 with a 7-year exploration period.
The license, which is conjugate to Guyana, includes three discoveries: Venus discovery, drilled by Repsol in 2009, Mercury discovery rilled by Anadarko in 2010 and the Jupiter discovery drilled by Tullow in 2012.
Innoson Oil & Gas may be looking to try to appraise and develop one of these discoveries and start production.
Details
Asset Name
: Sierra Leone SL2020a
Ref
: AF-SL-SL2020A
Continent
: Africa
Country
: Sierra Leone
Location
: Offshore
Project Phase
: Appraisal / Development
Latitude
: 7.09
Longitude
: -12.2
License Start
: 2021
License Expiry
: 2028
Operator
: Innoson Oil & Gas
Other partners
: None
Farmout company
: Innoson Oil & Gas
Mandated Agent
: Tudor Hall Energy
Work Programmes
: Seismic
Back Costs
: $1m - $10m
Equity Offered
: 60 - 80%
Deal Status
: Open
FarmoutAngel Valuation
: $5,000,000 - $10,000,000
FarmoutAngel confidence
: Medium
Consideration Sought
: $10,000,000