Binding joint bidding agreement in Ivory Coast, and ongoing due diligence in Senegal/The Gambia. Exiting times ahead!
http://www.africanpetroleum.com.au/system/files/Edison Senegal 3Jul15.pdf?mobile=true
African Petroleum holds interests in Senegal and Gambia where its licences surround the Cairn/FAR blocks. The company’s prospects have been de-risked by the SNE-1 and FAN-1 discoveries and in total, the blocks hold independently assessed net unrisked prospective resources of 1.4bnbbls in Senegal and 1.9bnbbls in Gambia.
African Petroleum (APLC) holds large interests in four blocks in Senegal and Gambia surrounding the block containing the discoveries by Cairn/FAR at FAN-1 and SNE-1. In Senegal, APCL has identified one lead, Baobab, in the Rufisque Offshore Profond licence (ROP), which it is confident is similar to FAN-1 and this prospect is currently being matured. As in ROP, its Senegal Offshore Sud Profond (SOSP) licence to the south of Gambia is expected to contain deepwater basin fans, but crucially some shelf-edge prospects more analogous to that encountered in the SNE-1 discovery should also be present. In its two Gambian licences, A1 and A4, immediately to the south of Sangomar a number of prospects have been identified on the shelf edge and in the deepwater basin.
Standing on the shoulders of Giants:
http://www.africanpetroleum.com.au/system/files/Mirabaud - APCL Research Note.pdf?mobile=true
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Binding joint bidding agreement in Ivory Coast, and ongoing due...
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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