Offshore Namibia PEL maps
Nothing to see here but maps of Petroleum Exploration Licenses
Table of Contents
Africa Energy Corp
Africa Oil
BW Energy
Eco Atlantic Oil & Gas
Hosken Consolidated Investments
Impact Oil & Gas
Pancontinental Energy
Sintana Energy
1. Africa Energy Corp (AEC)
Website: https://africaenergycorp.com/
Assets
Main Street 1549 joint venture, 49%-owned by AEC, 51%-owned by Impact via Arostyle
Block 11B/12B
Shareholders (pro-forma for 2024/12/23 announced private placement of 988m shares » 2,396m shares in total??): Deepkloof 36.9-41.2%, Africa Oil (roughly 11.75%??), Impact (roughly 21.1%??)
2024/12/20 - Press release
Planned restructuring of Main Street 1549 with AEC increasing ownership to 75% from 49%, and Arostyle reducing ownership to 25% from 51%.
2024/11/25 - Press release
Africa Energy (AEC) through its investment in Main Street 1549, has formally become the operator of Block 11B/12B offshore South Africa. Main Street holds a 10% interest in the block, and expects to hold 100% in light of the withdrawal of the joint venture partners.
2023/06/23 - Presentation
Shareholders
South Africa, Block 11B/12B
2. Africa Oil
» Main assets
Nigeria
Namibia
Effective interests of 3.75%
AOI owns a 39.5% interest in Impact Oil & Gas Ltd, which holds the PELs
Blocks
PEL-91, Block 2912, 9.5% carried interest
PEL-56, Block 2913B, 9.5% carried interest
South Africa
Equatorial Guinea
» 2024/06/24 - Presentation
Nigeria
» 2024/05/16 - Presentation
Nigeria
Namibia
» 2024/04/17 - Presentation
South Africa
Equatorial Guinea
Blocks EG-31
AOC operated with an 80% interest
Significant gas prospectivity identified in a proven basin and benign shallow water environment
Located adjacent to high-performing EG LNG plant with increasing demand for feed gas as current fields mature
Prior exploration constrained by lack of available ullage in EG LNG – now is the right time
Success case delivers ‘advantaged gas’ through low cost and short-cycle tieback developments
Success case delivers uncontracted Atlantic Basin LNG for high-value European and global markets
Farmout process underway
» 2024/01/25 - Presentation
Namibia
» 2024/01/10 - Presentation
Namibia
Blocks
Impact will retain a participating interest of 9.5% in both licenses:
Block 2912, PEL-91 and
Block 2913B, PEL-56
3. BW Energy
» 2025/01/31 2024Q4 presentation
Namibia
Kharas appraisal well in Namibia – planned spud 2025Q3
Well located in northern portion of Kudu licence
Drilling program on track with rig bids received, selection in progress
Working closely with other operators in the Orange Basin to explore common use of available resources
Kudu PSDM 3D seismic processing completed
…
4. Eco Atlantic Oil & Gas
» 2024/07/xx - Presentation
Namibia Walvis Basin
Blocks
Timelines
Active farmout process progressing with new partners
South Africa
Blocks
1B – WI 75% - Operator Eco Atlantic
3B/4B – WI 20% - Operator Africa Oil Corp.
5. Hosken Consolidated Investments
Website: https://www.hci.co.za/
Assets:
Impact Oil & Gas, 49.9%-owned by HCI (At its 2024/11/15 earnings call, AOI mentioned that HCI owns 51% of Impact, while AOI holds 39.5%)
Africa Energy Corp, 36%-owned by Impact
6. Impact Oil & Gas
Website: https://impactoilandgas.com/
Assets:
Africa Energy Corp, 36%-owned by Impact
7. Pancontinental Energy
Website: https://pancon.com.au/
Blocks
PEL-87, 75% working interest, operatorship, 10,970 km2
» 2024/11/29 - Presentation
Namibia
» 2025/01/31 Activity report
Namibia
PEL 87 Project
During the reporting period additional technical studies have been completed on the 6,593 km2 PEL 87 3D seismic dataset, focused on Albian-age leads present within the Saturn complex that exhibit Type II AVO anomalies (believed to be consistent with major discoveries on-trend to the south).
With the benefit of this new model Pancontinental regards the geological risk associated with reservoir presence as having been mitigated to a considerable degree. Of the various play types and leads present across PEL 87 the Company is now focused on two primary exploration leads within the Saturn Complex that cover a combined area of up to 1,385 km2. Both leads are interpreted to have good reservoir potential within reworked ponded turbidite sandstones that exhibit Class II AVO anomalies and are optimally located to receive hydrocarbon charge from the underlying Kudu Shale source kitchen, which is interpreted to be within the oil maturity window within the vicinity of the Saturn Complex.
8. Sintana Energy
» Corporate structure » Subsidiaries/affiliates
Inter Oil, 49%-owned
Custos Energy, 100%-owned (by Inter Oil)
PEL-82, 10% limited carried interest, blocks 2112B & 2212A, Walvis basin
PEL-83, 10% limited carried interest, blocks 2813A & 2814B » Galp will carry Custos through the commencement of production.
PEL-87, 15% limited carried interest » Woodside’s is expected to exercise it’s option to farm-in to PEL-87 and fund the drilling of an exploration well in 2025.
Trago Energy, 100%-owned (by Custos)
PEL-90, 10% limited carried interest » Chevron will carry Inter Oil through specified exploration activities including a large 3D seismic program (completed in Q223) plus the initial exploration well (Kapana 1-X, completed 2024Q4/2025Q1, no commercial hydrocarbons).
Giraffe Energy Investments, 49%-owned, with an option for up to 67%
PEL-79, 33% limited carried interest, blocks 2815 and 2915
» 2025/01/15 - Press release » Kapana 1-X well
Trago has been notified by Chevron that while operations reached total depth 25% ahead of plan, the Kapana 1-X well did not find commercial hydrocarbons. Operations did return valuable information on important aspects of the basin and increased confidence in the future program on PEL 90.
“The geologic insights and improved confidence in the future program on PEL 90 from these operations provides strong support for continued progress and value in our portfolio in Namibia’s Orange Basin, the world’s exploration hotspot” said Knowledge Katti, Chairman and CEO of Custos and a director of Sintana.
» 2025/01/xx - Presentation
Namibia Orange Basin
Blocks
Timelines
…
Namibia Walvis Basin
Blocks
PEL-82
Chevron Namibia Exploration Limited farmed in for an 80% interest in PEL 82 an d assumed operatorship In April 2024
NAMCOR and Custos (Sintana 49%) each maintain a carried 10%
interest.
