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

SEISMIC PROCESSING COMPLETE

SIGNIFICANT STRUCTURES CONFIRMED

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  • Monitor has successfully completed the 200 line-km of 2D seismic processing over PEL 93 in the Owambo Basin, Namibia, revealing significant structures.

 

  • The processed data exhibit a good signal-to-noise ratio across nine seismic lines. A detailed interpretation of the data will begin soon.

 

  • This work aims to estimate a substantial prospective resource from the Mulden and Otavi reservoirs, affirming PEL 93’s potential.

 

  • The interpretation and assessment will help plan potential future drilling sites and are part of a broader effort to classify a maiden independent Prospective Resource by Q1 2025.
monitor mel pel93 owambo Extract of 2D line and initial interpreted horizons and leads
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PROSPECTIVE

RECOVERABLE

RESOURCES

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


INVESTOR SNAPSHOT

monitor mel oil and gas pen 93 owambo Risked Lead Inventory

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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