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 AND 2026 GRAVITY SURVEYS 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 stations situated within the licences
Access to cargo port at 500 km: Walvis Bay
Cargo railway passes through both licences to port, capital and towards South Africa
Even a modest discovery will have guaranteed transport and distribution

DRILLABLE PROSPECT 9

Following Q1-2026 Integrated Geophysical Interpretation at PEL 93

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Lead 9 upgraded to drillable prospect

Validation of broader portfolio

Improved structural definition

Integrated interpretation significantly increases confidence in structural closure and trap integrity at Lead 9, now classified as a drill-ready prospect.

Results support the Company’s interpretation of more than 10 additional leads, demonstrating the multi-prospect potential of the licence.

The new dataset provides enhanced imaging of structural closures across the block.

De-risking of exploration inventory

The integrated geological and geophysical approach reduces key uncertainties and supports ongoing prospect maturation beyond structural definition:

The presence of at least one mature source rock has been demonstrated repeatedly by oil and gas shows in the wells drilled by Recon Africa, our near neighbour in the east of the basin who also recently reported an upgraded 75m of log calculated pay in their Kavango-West-1X well, and by legacy geological evidence across the Basin.

Reservoir and seal were identified in both the Mulden and Otavi sections in the etosha-5-1A well, drilled in the west of the basin in 1991. We expect these to continue to the centre of the basin, providing increased prospectivity in PEL93. 

Importantly, PEL 93 at the centre of the basin benefits from being correlated to all the positive news emanating from Recon Africa’s activity.

PEL93 also has potential for improved prospectivity relative to the eastern part of the Basin, specifically:

1. The igneous complex underlying the east of the Basin appears to have resulted in degradation of the reservoirs at the Mulden level in both Naingopo-1X and Kavango-West-1X, where sandstones are reported as completely cemented, and possibly at the Otavi, where Recon’s reported 75m of log pay is currently being tested to determine potential commerciality.

PEL 93 lies far from this igneous complex and its degradational effects.

2. Increased Mulden shale content in the centre of the Basin provides both increased probability of seal at this level and further protection of the reservoirs from cementation as the shales reduce the movement of fluids which may damage reservoir properties.

 

The newly generated prospect maps illustrate the structural configuration of Prospect 9 and surrounding leads, highlighting multiple robust closures across the licence area.

PROMISING SIGNS FOR OIL AND GAS EXPLORATION AS

KAVANGO WEST 1X

DRILLING UPDATE BECOMES AVAILABLE


INVESTOR SNAPSHOT

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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Monitor Confirms Drillable Prospect at Lead 9 Following Integrated Geophysical Interpretation

London, United Kingdom – Monitor Exploration Limited (“Monitor” or the “Company”) is pleased to announce the completion of its integrated interpretation of recently acquired airborne gravity, magnetic and radiometric survey data, together with our recent 2D and passive seismic and legacy datasets including further 2D seismic,  soil gas samples and remote sensing over Petroleum Exploration Licence 93 (“PEL…

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Monitor Commences Airborne Geophysical Survey over PEL 93

Windhoek, Namibia – 11 Feb 2026 – As previously announced, Monitor Exploration and its joint venture partners have progressed to the next phase of exploration following the successful 2024 2D seismic campaign, which confirmed 11 structural leads with multi-billion-barrel hydrocarbon potential. To further de-risk the most promising targets, the JV has initiated a high-resolution airborne gravity,…

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Monitor Comments on ReconAfrica’s Positive Drilling Results and Implications for PEL 93

Windhoek, Namibia – 4 Dec 2025 – Monitor Exploration Limited (“Monitor” or “MEL”), Operator of PEL 93 in the Owambo Basin, onshore Namibia, congratulates Recon Africa on the successful drilling results from the Kavango West 1X well (KW1X) in PEL 73, located approximately 200 km east of Monitor’s PEL 93.    The confirmation of significant hydrocarbon pay and extensive…

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Monitor Welcomes Somerschield as Strategic Partner in Namibia

Monitor Exploration Limited (MEL UK), a United Kingdom-based private company focused on onshore hydrocarbon exploration in Namibia, is pleased to announce a strategic partnership with Somerschield Investments, a private investment vehicle headquartered in Windhoek, Namibia. Somerschield joins MEL Oil & Gas Exploration Namibia (Pty) Ltd (“MEL Namibia”), MEL UK’s Namibian operating subsidiary, as a shareholder…

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