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Namibia: Farmout indicates Owambo basin exploration

Hydrocarb Energy Corp., private Houston concern, has taken a farmout from Duma Energy Corp., Houston, to earn a 39% working interest in a group of exploratory blocks in northern Namibia.

The farmout covers Owambo blocks 1714A, 1715, 1814A, and 1815A north Etosha National Park. Blocks 1714A and 1715 lie along the border with Angola. The four blocks total 5.3 million acres.

Hydrocarb, with 51% interest, remains operator, and Namibia’s NAMCOR has 10%.


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