GREY:ENGFF - Post by User
Comment by
Columbus1494on Jun 03, 2015 12:41pm
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Post# 23793508
RE:RE:RE:RE:Connection to 1711?
RE:RE:RE:RE:Connection to 1711?Its good to have such a well informed poster as you Wallywill on this board.
I havent been able to recieve information on which areas,how many km2 that will be examined.
Anyway Energulf has carried interest for seismic on 1711.Its Gazanias/the Namibians problem to finance seismic.Gazania has deposited 4 million $ and will lose that if seismic is not done and if they dont drill one well in the next 2,5 years.
The multiclient approach is interesting and could be applied on 1711.There are several different financing modalities.Azinam for example did seismic and in return they recieved working interest in that block.Polarcus (if interested) could do the same in 1711.Other seismic companies takes risks and performs seismic and later sell the results.Other deals are prefinanced.
I havent been able to get any information regarding this deal.
Actually the first seismic on 1711 was done in advance by Western Geco in a multiclient deal.
It will be interesting to se which areas are prioritised for seismic by the Namibians.
Its really about time to start seismic on 1711 now.