Afrenergy Plc is a Cameroon-based & West Africa focused oil and gas exploration Production Company with an in-depth technical knowledge and relationships in Cameroon and Nigeria. The principals of Afrenergy Plc are the founders of FAMADEC/AFRECOM, two well known services companies in environment, Oil & Gas sectors ;
It has to be noted that FAMADEC Management has been instrumental in some significant discoveries, development, and Production, in the Niger Delta Basin, (Nigeria) - consequently, based on their combined experience (+180 years) in the oil, gas & energy sectors, they have decided to move forward by contributing to the first indigenous company in this sector in Cameroon.
Afrenergy Plc is privileged in mobilising shareholders with significant experience in he oil & gas industry in Cameroon and Nigeria, therefore aware of «Farming/out blocks opportunities in Cameroon, free blocks advertised by SNH, as well as some imminent relinquishment in some shallow offshore permits.
The principals of Afrenergy Plc some of whom previously worked for Shell Africa and Pecten ; Total E&P, Addax Petroleum, Seplat Oil and Gas, etc…, have an intimate technical knowledge of the deltaic sequences of « Rio Del Rey and Douala/Kribi Campo » Basins, they have identified a string of medium to small but potential commercial fields, as potential acquisition target for a successful oil & gas development projects offshore Cameroon and to that effect has commenced talks with the entitled operators in Cameroon and abroad in the sector of Oil & Gas ; and their are now set to enter into negotiations that may lead to the signing of some farm in/out covering the blocks;
The targeted fields represent an attractive opportunity for a company willing to expand its E&P footprint in Cameroon to acquire discovered reserves with near term development and early production at the lowest cost per barrel;
The package of development assets, AFRENERGY (free), have a combined unrisked minimum, most-likely and maximum STOIIP of 120 MMBO, 1Tcf and 225 Bcf respectively and unrisked minimum most-likely and maximum reserves of 200 MMBO of light oil 31° API;
The phased incremental development of targeted assets is likely to yield potential significant production.
CORPORATE STRUCTURE & SHAREHOLDING
President & Managing Director
Mining engineer
VP Finance
Deputy Managing Director
Vice-President
(External Relations)
Technical & Asset Manager -
Geoscience Engineer
USA Representative
