SIERRA LEONE: Innoson Oil and Gas Farming-out Exploration License SL2020A

Innoson Oil and Gas (IOG) of Nigeria, the sole licensee of exploration license SL2020A, offshore Sierra Leone, have engaged Tudor Hall Energy (THE) of the United Kingdom to assist with an acreage farm-out campaign.

Together the companies will stimulate renewed interest in this large tract of Atlantic transform margin exploration acreage which includes an on block discovery and new information developed by Innoson. The acreage is modelled to be analogous across the Atlantic Margin to the highly prolific recoverable 5 billion barrel Guyana hydrocarbon province.

A new Technical Partner is sought to progress a work program for SL2020A to include new data acquisition prior to drilling.

Phillip Slater of THE commented ‘We are excited to secure this new commission to work with IOG and the timing is just right. The huge success in recent years in Guyana is guiding our thinking and has stimulated the resurgence of interest in Sierra Leone and adjacent basins.’