Sungu Sungu Advances Namibia Exploration

Friday, November 8, 2013

Sungu Sungu Namibia (Pty) Ltd., a wholly-owned subsidiary of Sungu Sungu Group (Pty) Ltd., the operator of Nambia’s Block 2412B reported that it has advanced its exploration program on the block. The company holds an 85% working interest on the 5,500 sq km block in the Luderitz Basin.

Sungu Sungu Namibia has recently completed 1,100 km of 2D seismic on the block  and is currently planning a 3D survey on identified prospects. Ideally the survey will take place in 2014.

The company will have data room in 2014 open for potential farminees.

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