African Petroleum issued an update on its Sierra Leone SL-03-17 and SL-4A17 blocks. Through the company’s wholly owned subsidiaries – European Hydrocarbon Ltd and African Petroleum Sierra Leone Ltd – it has entered into the Second Extension Periods for the two blocks taking them to April 23, 2019 and September 17, 2019 respectively, and modified the work programs for both licenses.
In accordance with the modified work programs, the subsidiaries were required to commit to the drilling of one exploration well in each license during the remaining term of the respective license.
During the past 12 months the companies have been utilizing state owned well and seismic data, together with existing seismic data, to further de-risk the licenses, and to host data-rooms and engage in discussions with interested deep-water industry players. The agreed work program elements have been completed and the conclusions reviewed with the Petroleum Directorate of Sierra Leone.
Source: Petroleum Africa