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"April could prove a momentous month in pre-salt exploration by London's junior explorers. Not only is Max's Emba B result expected that month but expects to start drilling the Tapir South well in the Namibe Basin, which forms part of the West African salt basin off the northern coast of Namibia. Hundreds of millions of years ago, when South America and Africa were joined together in the super-continent Gondwanaland, the Namibe Basin lay adjacent to Brazil's Santos Basin. If the Namibe also shares the Santos Basin's hydrocarbon prospectivity, the oil and gas finds offshore Namibia could be similarly enormous.
Tapir South could hold resources of up to 604m boe and Chariot estimates that drilling has a 25 per cent chance of making a discovery. The well will be drilled to a depth of around 5.1km and will aim for several reservoir targets. Similar to Max's prognosis of its prospects, drilling success at Tapir South would greatly increase the chances of Chariot making further discoveries across the Namibe Basin. The company has to date identified four prospects and two leads within its northern blocks and estimates that these could hold up to 2.8bn boe of oil and gas resources. The results of the Tapir South well should be known around the end of May."
Full article
https://www.investorschronicle.co.uk/2012/03/26/commodities/the-world-s-hidden-huge-oil-fields-ew1fKr7UpElAQN8cbdJYgL/article.html
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