Afren Plc

Transaction Type
Sellers
Field
Keta Block
Post Date
Estimated Price
MM
Description

Afren Plchas retained Stellar Energy Advisorsto sell an equity interest in the underexplored Keta Block offshore Ghana.

Afren is the operator and has a 68% working interest in the block, with more than 1.5 billion barrels of mean, unrisked resources identified in a range of Cretaceous prospects. Many of the prospects are analogous to the Jubilee and other Cretaceous discoveries in the Tano-Cape Three Points Basin. Afren plans to drill an exploration well in 2011.

Contact Dave Fassom, 44 (0) 20-7493-1977, info@stellarlimited.com.