From Trace website.... phase II current til July 2018.... in good standing imo DYOR
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Column 2
0
Block:
Djiffere offshore
1
Contract:
Production Sharing Agreement with State Oil Company Petrosen, effective July 18th 2013 3 Exploration periods (24 months, 36 months, 30 months) Production period is maximum 40 years
2
Interest:
51% with a proportional 10% carry for Petrosen, meaning a net working interest of 45.9% for TAOL (Remaining 49% held by Sencap Energy, a 100% subsidiary of Cap Energy)
Block is covered by seismic data from different vintages : -5 seismics lines acquired in 2011 and 2012 -3925 km (107 seismic lines) acquired and processed in 2014
FAR Price at posting:
7.9¢ Sentiment: Sell Disclosure: Not Held
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