Project Profile
Value: Undisclosed
Location: Approximately 110 km southeast of the coastal city of Port-Gentil, adjacent to the Maghena licence area, Gabon
Reserves: Unknown
Area: 29,700 acres (120 km2)
Start-up Year: -
The Panthere NZE licence is approximately 110 km southeast of the coastal city of Port-Gentil and covers a gross area of approximately 29,700 acres (120 km2) and is immediately adjacent to the Maghena licence area. Addax Petroleum operates and holds a 92.5% interest in the licence. The license includes two fields, the Obangue and Autour. The Obangue field is Addax Petroleum’s second largest onshore Gabon producing property. It was discovered in 1988 and started production in 1998. Autour field was discovered in 1987, and further appraised in 2009. A field development plan was developed and approved in 2012. Drilling is expected to commence in 2013.
Operators:
Addax Petroleum: Operator with 92.5% interest