Update: Gambia and Senegal audit report
African Petroleum (APCL) has released the results of an independent audit of prospective resources in its Senegalese and Gambian blocks. The results indicate best estimate net unrisked prospective resources of 1.2bnbbl across five prospects and 1.9bnbbl respectively across six prospects. Added to the prospectivity in its other blocks, APCL’s unrisked gross mean estimated prospective oil resources over 10 blocks has increased from 7.3bnbbl to 11.6bnbbl. The proximity of these blocks to Cairn’s successful FAN-1 and SNE-1 wells and the results from the recent seismic data should help APCL’s negotiations to farm down the blocks with a view to firming up a drilling programme for 2016/17.
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