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.
The Block is located offshore/onshore Cameroon almost some 50km due Northwest from the estuary in Limbe under 2-20m of water depth.
A package of Agbada sheet sands on a growth faults Province, wish is a succession of W-E syn-sedimentary faults in the north Rio Del Rey- it should be noted that the reservoir rock in the entire Rio Del Rey Basin is dominated by AGBADA Paralic Sands and AKATA turbiditic channels and offshore band sands; although some oil and gas discoveries were made within AKATA Reservoirs, all the basin production comes from the AGBADA sands.
NB AKATA shales interbedded within the AGBADA and Faults seals constitute « Excellent Geological Seals.