All 4 the 4 blocks in The Gambia have recent 3Dseis from Aug-Sep 2015 acquired by Polarcus Alima. Tracked the loops back then before the handover to Adira for SNE 3Dshoot in wk2 Sept'15.
Erin's A2 block has the country's only offshore well, Jammah-1 drilled by Chevron in 1979. It had minor gas shows in a thick Cretaceous sequence.
The recent 3D should help in remapping the area & finding any other 'Buried Hills' lookalike along that shelf-slope topography.
I thought FAR would have chased up the owners of A1 Block, since 1 of FAR's lead 'Alham....' extends into that permit. Mayb one for the future.
Fiscal terms should b ok, 25% royalty, 10% profit tax signing bonus, 15% in by GNPC etc etc. Anyways plenty of time left to identify a Lead firstup & then maturing it to a drillable target. Plenty of time.
Erin Energy Announces Farm-Out Deal With FAR for Gambia Blocks, page-18
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