contract<\/a> awarding.\u00a0Funding from First Oil was to cover a significant proportion of the initial minimum work programme (FTG and 2D seismic).<\/p>\nLegal battles between Adamantine and Bowleven might have been the reason behind the slowdown in progress. The English High Court in the case of\u00a0Adamantine Energy (Kenya) Limited v Bowleven (Kenya) Limited\u00a0[2016] EWHC 130 (Comm) ruled that what happened on 25 February 2015 was not a valid \u2018drill or drop\u2019 vote under the SPA, and that Bowleven therefore did not have to transfer its interests under the PSC.<\/p>\n
This is as both parties knew that there was no realistic prospect of completing the IEP seismic data acquisition required under the minimum work commitments of the PSC by 26 May 2015 and therefore there was no realistic possibility of invoking rights under Clause 2(3), unless the requested extension were to the IEP granted.<\/p>\n
Under the farm-in agreement in September 2012 Bowleven was to fund the work programme for the initial two year exploration period at an estimated cost of $10 million including an airborne geophysical survey and the acquisition of 2D seismic. Bowleven would also provide technical support to Adamantine, as operator, under a TSA during the initial exploration period.<\/p>\n
An Environmental Impact Assessment (EIA) in block 11B by Earthview Geoconsultants was completed in April 2013 while a certification by the National Environmental Management Authority (NEMA) was awarded thereafter.<\/p>\n
Block 11B covers an area of approximately 14,200 square kilometres covering the Loeli, Lotikipi, Gatome and South Gatome basins. The basins are to the north of the Lokichar Basin where a significant oil discovery has been made in recent months with the Ngamia-1 well.<\/p>\n
Analysis of the existing gravity and magnetics and seismic datasets suggest the basins in block 11B are of similar form to Lokichar and analogous geological plays and petroleum system elements are expected.<\/p>\n","protected":false},"excerpt":{"rendered":"
A PSC between Block 11B operator Adamantine Energy and the Republic of Kenya signed in June 2012 has expired with no word of any license extensions or renewal although a … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[26,53,4551,263,344,4550,2846,896,926,970,1439,1456,4549],"class_list":["post-4734","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-2d-seismic","tag-adamantine-energy","tag-adamantine-energy-kenya-limited-versus-bowleven-kenya-limited","tag-block-11b","tag-bowleven","tag-earthview-geoconsultants","tag-environmental-impact-assessment","tag-first-oil","tag-ftg","tag-gatome","tag-loeli","tag-lotikipi","tag-south-gatome","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-1em","jetpack-related-posts":[{"id":5119,"url":"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-bowleven-lose-kenyas-block-11b\/","url_meta":{"origin":4734,"position":0},"title":"Adamantine Energy, Bowleven Lose Kenya\u2019s Block 11B","author":"","date":"September 1, 2016","format":false,"excerpt":"Kenya\u2019s Block 11B operator Adamantine Energy and joint venture partner Bowleven will not be receiving an extension on their license according to commissioner for petroleum Ministry of Energy and Petroleum Martin Heya. Speaking to OiNews Kenya the commissioner without elaborating why said the license is now vacant after expiring in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2662,"url":"https:\/\/www.oilnewskenya.com\/index.php\/adamantine-energy-seeks-15-month-extension-kenyas-block-11b\/","url_meta":{"origin":4734,"position":1},"title":"Adamantine Energy seeks 15 month extension in Kenya\u2019s Block 11B","author":"","date":"March 4, 2015","format":false,"excerpt":"Adamantine, operator of block 11B, has advised that they have applied to the Kenyan authorities for a 15 month extension to allow for the acquisition, processing and evaluation of 2D seismic. This follows delayed commencement of seismic operations due to logistical issues as well as security concerns. Given the above\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1158,"url":"https:\/\/www.oilnewskenya.com\/index.php\/2d-seismic-acquisition-in-block-11b-set-for-h2-2014\/","url_meta":{"origin":4734,"position":2},"title":"2D Seismic acquisition in Kenya’s Block 11B set for H2 2014","author":"Samuel Kamau Mbote","date":"June 6, 2014","format":false,"excerpt":"2D seismic acquisition for 500 kilometers in Block 11B is expected to start soon with the tendering process at an advanced stage according to a presentation made Bowleven CEO Kevin Hart at the 11th Africa Independents Forum. Block 11B which is held by Bowleven and Adamantine Energy is 14,200km2 in\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2058,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bowleven-awarded-one-year-license-extension-kenya-block-11b\/","url_meta":{"origin":4734,"position":3},"title":"Bowleven awarded one year license extension Kenya block 11B","author":"Samuel Kamau Mbote","date":"November 17, 2014","format":false,"excerpt":"Bowleven has announced that it has received a license extension to enable evaluation ahead of second phase decision. Following the license extension to May 2015 Bowleven says that the completion of acquisition processing and interpretation of 2D seismic on block 11B remains among the key objectives for the next 12\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/11\/screenshot_1.png?fit=519%2C389&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":5426,"url":"https:\/\/www.oilnewskenya.com\/index.php\/kenyas-block-11b-loss-cost-bowleven-11-8-million-in-2016\/","url_meta":{"origin":4734,"position":4},"title":"Kenya\u2019s Block 11B Loss Cost Bowleven $11.8 million in 2016","author":"","date":"November 24, 2016","format":false,"excerpt":"Bowleven has reported that the loss of its Kenyan acreage operated by Adamantine Energy resulted in unsuccessful exploration costs of $11.8 million being charged to the Income Statement in the current financial year. According to Bowleven the costs are significally low as a majority of expenditure on block 11B was\u2026","rel":"","context":"In "Oil products"","block_context":{"text":"Oil products","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-11b.png?fit=495%2C523&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":826,"url":"https:\/\/www.oilnewskenya.com\/index.php\/bowleven-to-start-seismic-testing-in-kenyas-block-11b\/","url_meta":{"origin":4734,"position":5},"title":"Bowleven to start seismic testing in Kenya\u2019s Block 11B","author":"Samuel Kamau Mbote","date":"March 31, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Bowleven is to soon start the 2D seismic testing in Block 11B after announcing that the seismic tender process is in an advanced stage and the award was imminent. The seismic follows the processed airborne geophysical survey highlights on several basins on the block that is in Turkana\u2026","rel":"","context":"In "Elsewhere in Africa"","block_context":{"text":"Elsewhere in Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/elsewhere-in-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/03\/bowleven_kenyablocksummary_dec2013.jpg?fit=520%2C390&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4734","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=4734"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4734\/revisions"}],"predecessor-version":[{"id":4735,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/4734\/revisions\/4735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1159"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=4734"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=4734"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=4734"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}