Surestream Petroleum

Surestream Petroleum, London, has retained Nanes Delorme Capital Management LLC, New York, to sell 40% of its interest in Ndunda Block, onshore Congo, to fund exploration. Surestream has an 85% working interest in the block which covers approximately 932 square kilometers. The remaining 15% working interest is held by CoHydro, the Congo national oil company, and a local Congolese company. Surestream plans to start a 2-D seismic campaign in 2008 and to drill two exploration wells in 2009. This block appears to be on trend with M'Boundi Field, which is the largest onshore field discovered in recent years in West Africa. Ndunda Block is in the narrow coastal strip of the Congo River estuary, between mainland Angola to the south and the enclave of Cabinda to the north. Geologically, the province lies within the Congo Basin. Contact Julien Balkany, 212-499-2997.