Continental Focus, International Reach

Kenya’s Block 14 Moves into Additional Exploration period

Tuesday, February 10, 2015

Lamu Oil and Gas, Edgo Energy and QFB JV, 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 the block.

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

These areas were identified after an interpretation of a 734-km 2D reconnaissance seismic shoot across the block.Following interpretation of the infill seismic, a suitable drillable target was defined and de-risked drill preparatory works were commenced.

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

It was also reported that the company relinquished area including the westernmost section of the block, which has been determined to be non-prospective.

Lamu Oil and Gas is currently considering approaches by parties interested in farming into block L14.


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