$100,000
South Africa East Algoa
OK Energy are seeking an investment of $100,000 to extend the license to the next exploration phase and then a further $400,000 for work programme commitments.
Option for partner to shoot 3D seismic and drill a 335 mmboe (recoverable) prospect mapped on 2D data.
Details
Asset Name
:
South Africa East Algoa
Ref
:
AF-ZAF-EA
Continent
: Africa
Country
: South Africa
Location
: Offshore
Project Phase
: Exploration
Latitude
:
-34.0000
Longitude
:
26.5000
Operator
:
OK Energy
Farmout company
:
OK Energy
Mandated Agent
:
None
Work Programmes
: Seismic, Drilling
Back Costs
: $1m - $10m
Equity Offered
: 80 - 100%
Deal Status
:
Open
FarmoutAngel Valuation
: $10,000,000 - $25,000,000
FarmoutAngel confidence
: High
Consideration Sought
:
$100,000