Two wells are planned – one in each of Blocks L-5 and L-7. The first of two wells is likely to be in L-5 on the Pomboo prospect and the second well will be in Block L-7 and is likely to be on the Sokwe prospect.
Holdings in the L5 and L7 Joint venture are Woodside 30% (and operator); Dana 30%; Repsol 20%; and Global 20%
The costs associated with Global's 20% in L5 and L7 are carried for all activities through the drilling of the first well in each of these areas. Woodside and Repsol earn their farm-in equity when these two wells are drilled.
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