Lamu Oil and Gas gets additional Period in Kenya’s Block L14

Lamu Oil and Gas, the Edgo Energy and QFB joint venture it has entered into the First Additional Exploration program on block L14 in Kenya after meeting the contractual requirements of the initial two-year exploration program.

The First Additional Exploration period which started on December 5, 2014 will see Lamu Oil and Gas execute an infill 2D seismic survey in the high graded prospective area with identified leads in the eastern sub basin of block L14.

The first PSC which has since expired for onshore block L14 was signed in July 2012.

These areas were identified after interpretation of 734 km 2D reconnaissance seismic across the block.

Following ultimate seismic interpretation of the infill seismic and a suitable drillable target has been defined and de-risked drill preparatory works will commence after.

By the awarding of the First Additional Exploration program on block L14 Lamu Oil and Gas has fulfilled its 25% relinquishment obligation of 3,672 km2.

Meanwhile the company relinquished area including the westernmost section of the block, which has been determined to be non-prospective and mostly encompasses the Tsavo Nature Reserve.

Lamu Oil and Gas a joint venture between Edgo Energy and QFB says it is currently considering approaches by parties interested in farming into block L14.

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