FAR 1.02% 49.5¢ far limited

The only interesting leases available in my opinion are A2 and...

  1. 824 Posts.
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    The only interesting leases available in my opinion are A2 and A5 Gambia (not politically stable) and Senegal Offshore Sud. Further South, Dome Flore found oil and potentially lot's of it, but of very heavy API. The above leases are all situated on the shelf, where African Petroleum holdings are all in much deeper waters, similar to the Fans, and with very little shelf exposure. Not of great value considering our current economic Times. Djiffere a much better option. It does appear we have positioned ourselves within the very best of  locations within a great distance, as to the North, Kosmos are looking at very large gas finds, and yet to strike oil.

    To the South, and just below Dome Flore, and satellite imagery showing once again in AGC, we sit right on the shelf, but with proven mid 30 API from the Sinapa Field. I feel our plate is full, and offering the best potential that is possibly obtainable in this region, without going overboard.



 
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