Rift basinThis initial seismic data proves the Company’s basic premise, that the Kavango Basin is clearly a rift basin (geologically different from the Owambo Basin), with similar features to many of the world’s petroleum producing provinces.”
Rift basins are well known as prolific hydrocarbon-bearing provinces worldwide, with estimated total recoverable oil reserves of approximately 2 x 1011 barrels (Morley 1999). ... It is the basin fill that provides the source rocks, reservoirs and seals for rift-basin hydrocarbon accumulations.