The company has acquired interest in two concessions; a 10% net interest in the Onshore Rovuma concession, and 8.5% net interest in Rovuma Basin Offshore Area One.
|Asset ||Operator ||Working Interest ||Status ||Licence Area (km2) |
|Rovuma Offshore Area 1 ||Anadarko ||8.50%* ||Exploration ||10,000 |
|Rovuma Onshore Concession ||Anadarko ||10.00%* ||Exploration ||12,000 |
In 2010 and early 2011 four significant gas discoveries were made by the Rovuma Offshore Area 1 partnership.
The geology is akin to that offshore, however there has been oil seeps onshore.