Investor Presentaiton
Namibia PEL 37
Cretaceous Fan Play with Additional Prospectivity
SE
Cormorant-1
PEL-37 Tullow (Sept-18)
Prospect-S
PEL-71 Chariot (Oct-18)
Albatross
PEL-37 Tullow (TBD)
Osprey
PEL-30 Eco Atlantic (TBD)
800m
Cormorant proved the play
~Well indicates migration
of heavy hydrocarbons
Tertiary
Prospect-S
~1,000m above
Source Rock
Cormorant-1
~700m above
Source Rock
4 way dip
closure
Albatross
~300m above
Source Rock
Upper Cretaceous
Mid Cretaceous
TD 3,855m
Aptian Source Rock
TD 4,165m
Lower Cretaceous
•
Cormorant-1 proved fan play
•
•
•
•
Adjacent block, PEL 30, has potential near-term well (Osprey Prospect)
Albatross at same stratigraphic level as Osprey and in close proximity to Mature Aptian source
Both plays have seismic "soft" responses indicating presence of reservoir facies
Main risk remains hydrocarbon migration distance; success at Osprey de-risks Albatross
Slide 25
Osprey
~400m above
Source Rock
NW
400m
AE
AFRICA
ENERGY
Africa Energy | March 2022View entire presentation