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Why Djiffere is taking so long!, page-3

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    From Trace website.... phase II current til July 2018.... in good standing imo DYOR

    Column 1 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)
    3 Size: 4584 km2, Water depth: Up to 80 meters
    4 Operator: TAOL Senegal (Djiffere) ltd, 51% owned by Trace Atlantic Oil ltd.
    5 G&G: 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
 
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