Monitor Exploration
Access To The World’s Most Prospective New Exploration Region
Monitor Exploration
Billion-Barrel Plus Potential with 350 MLN Barrel Immediately Drillable Prospect
Monitor Exploration
Unique Exploration Approach
Monitor Exploration
Numerous, Large Potential Hydrocarbon Bearing Structures
Monitor Exploration
Unfolding Immense Potential of Owambo Basin with Proven Petroleum System
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PROSPECTIVE

RECOVERABLE

RESOURCES

Pre- 2024 2D Seismic

2023 OIL CASE PROSPECTIVE MEL MONITOR
2023 OIL CASE PROSPECTIVE MEL MONITOR

THE RESULTS OF THE 2024 2D SEISMIC SURVEY FULLY SUPPORT THE SCALE OF THIS OPPORTUNITY BOTH IN TERMS OF UNRISKED AND NET RISKED RESOURCES.

NEW LEAD INVENTORY AND VOLUMES ARE AVAILABLE UPON NDA.

The Owambo basin potential explained in just 10 minutes.

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Risked value
US $ 333 Million

The risked value of discovery EMV
US$ 333 Mln

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Unrisked value
US$ 2 Billion

The estimated unrisked value
US$ 2 Billion

PROJECTS

Monitor enjoys a favourable logistics position
Train station situated within the licence: Oshivielo
Access to cargo port at 500 km: Walvis Bay
Cargo railway passes through the licence to port, capital and towards South Africa
Even a modest discovery will have guaranteed transport and distribution

PROMISING SIGNS FOR OIL AND GAS EXPLORATION

AS NAINGOPO DRILLING RESULTS BECOME AVAILABLE

Encouraging Initial Results

ReconAfrica's Naingopo well has revealed a 50-meter reservoir with oil indications in the Otavi formation. Although this well might not be commercially viable, it marks a significant advancement in understanding the Owambo basin's hydrocarbon potential.

Promising Prospects at New Locations

The next well, Prospect I, shows more promise with all key geological horizons aligned within the structural trap, enhancing the chances of oil entrapment. The confirmation of oil presence in the Otavi formation at Naingopo reduces exploration risk for this and other nearby prospects, including those in Monitor’s PEL 93 such as our Lead 9.

Insights from Naingopo well

The well encountered a large structure in the shallower Mulden formation, but lacked a clear trap in the deeper Otavi formation, preventing oil from accumulating. This highlights seismic interpretation challenges, particularly with depth conversion, affecting oil migration and accumulation.

Regional Exploration Optimism

Success at Prospect I could boost confidence in similar structures within PEL 93, potentially impacting the entire exploration landscape in the Owambo Basin.
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MEL Monitor Lead 9 Owambo


INVESTOR SNAPSHOT

Monitor MEL Lead 9 Inventory Owambo

NEXT EXPLORATION OPPORTUNITY

NAMA BASIN in NAMIBIA

Area 16,871 km2
Since Oct 2024
Initial Resource Estimate
Working Interest for Monitor

2416A and 2417

Optimal inland logistics in Namibia and outlet towards South Africa

Petroleum Agreement

Very favourable terms negotiated prior to large discoveries in the Orange Basin

2 BBBL of Oil in place

Geological setting and background show high evidence of hydrocarbon presence

85%

Option to drop with no penalties after completion of each stage
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Collaborative Agreement to Jointly Advance Exploration Efforts to the East of Our PEL 

Exito Energy Resources (“Exito”) and Monitor Exploration Ltd (“MEL”), operating in Namibia through its subsidiary Mel Oil and Gas Exploration Namibia (Pty) Ltd (“MELN”), both holding neighbouring exploration licenses in Namibia’s onshore Owambo Basin, have entered into a collaborative agreement to jointly advance exploration efforts within Exito’s PEL 105 during its Initial Exploration Period. PEL…

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