Mauritania – Coastal Basin, Block 20
Further AVO reprocessing of the 1990 data, coupled with this infill survey have revealed the presence of positive and qualitative hydrocarbon indicators that could be related to the presence of hydrocarbon both at primary (Cenomanian) and secondary targets (Albian-Aptian).
The source for the hydrocarbons within these reservoirs is a different and older source than the younger source that has given rise to the Chinguetti discoveries
The very recent discoveries of Tevet-2 and Faulcon-1 in similar lithologies offshore Mauritania (offshore B20 for the latter) have contributed to an increase in the probability of success (POS) for the planned onshore Heron-1 well and confirms Baraka's long standing hypothesis for a working Jurassic and early Cretaceous source.
Planning for Heron-1 is well underway. The second Technical Committee Meeting (TCM) and Operating Committee Meeting (OCM) for the Block 20 Joint Venture partners, China National Petroleum Corporation (CNPC) and Baraka, will be held in Baraka's office in Perth 20 and 21 December. The partners will finalize the location and depth of the first exploration well within Block 20. The spud date will also tentatively be finalised and is planned for beginning third quarter 2006, and is contingent on rig availability.
Mali – Taoudeni Basin, Blocks 1, 2, 3, 4 and 9
Year 2 of the Mali PSA work programs, following the completion of the airborne surveys due to start later this month, has been extended by the Mali Authorities, at Baraka's request, from 12 to 18 months to allow Baraka to drill shallow stratigraphic holes to confirm the source and reservoir quality and distribution at the end of 2006.
Baraka Petroleum Limited is a public company, established to acquire, consolidate and develop oil and gas assets and activities, located initially in the potential hydrocarbon basins in West Africa.
Baraka has one of the largest oil and gas exploration assets in West Africa, which has attracted the attention of international petroleum exploration and production companies. The Company has secured rights to explore and develop eight tenement areas covering over 272,000 square kilometers in Mauritania, Mali.
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