Although virtually unexplored, the single deep well on the license (drilled in 1964) had oil shows in cores, and older coring also revealed the presence of hydrocarbons in the sub-surface.
Geological fieldwork has already commenced to focus future work, which, aided by geochemical and seismic surveys, will provide the basis for future drilling.
Chris Matchette-Downes, VP Business Development for Black Marlin, comments: "The block has all the requisite components of a successful hydrocarbon system, and builds on EAX's strategy of acquiring acreage in the Western Indian Ocean margin, the former eastern Gondwana suture". EAX is partnered with CANDAX who holds a 60% stake in the block and will operate the asset.
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