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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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

2D Seismic

Completion of 200 line-km

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  • Monitor are pleased to announce the successful completion of our planned 200 km vibroseis 2D seismic acquisition programme in PEL 93 in Namibia as of September 02, 2024.
  • This significant milestone was achieved in approximately 35 days by Polaris, with zero lost time incidents and in full compliance with our Environmental Management Plan, a testament to our commitment to safety and sustainability.
  • Our efforts were supported by the local communities and landowners, whose cooperation has been instrumental in maintaining the project on schedule and within budget.
  • The acquired data has now been passed on to our trusted processing partner Earth Signal, who will analyze the findings and deliver the results in the next 8-10 weeks.
  • We eagerly await these insights, which will guide our next steps in this promising venture.
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Prospective Recoverable Resources​

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


Investor Snapshot

Next Exploration Opportunity

Nama Basin

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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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Commencement of 200 km of 2D Seismic Acquision, Owambo Basin

Commencement of 2D seismic acquisition program in the Owambo Basin, Namibia. The program has been designed to acquire a minimum of ~200-line km of 2D seismic data, with completion expected in Q3 2024. Acquired seismic data is to be used as part of the validation process for up to 10 independent structural closures identified from…

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2D Seismic Acquisition Award

Following an extensive tender procedure, Monitor has awarded the 2D seismic acquisition program of a minimum of 200-line-km to the Canadian company Polaris Natural Resources Development Ltd. Contract signature, expected before end May 2024, will be followed by immediate mobilization of crew and equipment. Acquisition is planned for July-August 2024, with in field processing providing…

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Monitor sponsors Africa Global Energy Summit 2024 in London

And also this year Monitor will not miss the Africa Energies summit in London. It covers wide range of topics relevant to Africa’s oil & energy industry from upstream investment, and government promotion through to renewable energy opportunities. The event is held on May 14, 15 and 16, 2024. Monitor Exploration and Mel Oil & Gas…

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