Namibia

By OGJ editors
HOUSTON, June 17 – Partners in 2.2-million acre Block 1711 in the frontier Namibe basin off Namibia agreed on a work program for year one of the renewed exploration license.

They will fully evaluate the results of the Kunene-1 well and their implications for the block. The work will allow the group to identify future drill targets, including possible reentry of the well, plan more seismic, and evaluate current and additional prospects.

The well, the basin’s first, went to a total depth of 5,052 m and established the presence of a possibly giant gas-condensate resource at 4,698-4,748 m (OGJ Online, July 23, 2009).

Block interests are NACOR Investments Ltd., an affiliate of Sintez Group, 70%; EnerGulf Resources Inc. Houston, 10%, South Africa’s state PetroSA 10%, Namibia’s state NAMCOR 7%, and Namibian local group Kunene Energy 3%.