Adamantine Energy Seychelles Limited (AESL), a wholly owned subsidiary of Adamantine Energy, has announced the signing of a Petroleum Agreement (PA) to formally acquire a 100 percent operated stake, in the 9,700 sq km Beau Vallon and Junon blocks with water depths of up to 200 meters. The Junon block is partially covered by a 1,500 sq km 3-D modern seismic survey.
‘This transaction is the result of years of geological and geophysical review and analysis of the region by our team,’ said Chris Matchette-Downes, AESL Chief Executive. ‘This stake in the Beau Vallon and Junon blocks directly supports our strategy to be a key part of the delivery of the stable, secure energy resources the world needs today, and upon success will diversify the Seychellois economy while providing the nation critical energy security.’
Adamantine is extremely pleased to be awarded this PA and we will work closely with PetroSeychelles and our partners to unlock the hydrocarbon potential of the Republic of Seychelles. Adamantine Energy is a technology-driven exploration and production company, focused on resilient, high return upstream investments in East Africa and the Indian Ocean with the vision to address the growing energy demand of the region.