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
Previous slide
Next slide

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.

Watch the video

Watch here

Risked value
US $ 333 Million

The risked value of discovery EMV
US$ 333 Mln

VIEW MORE

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

MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_8
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_3
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_7
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_8
MEL_Monitor_Exploration_Owambo_Basin_2D_Seismic_Conventional_Polaris_Vibroseis_Namibia_11
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_6
MEL_Monitor_Exploration_Owambo_Basin_2D_Seismic_Conventional_Polaris_Vibroseis_Namibia_10
MEL_Monitor_Exploration_Owambo_Basin_2D_Seismic_Conventional_Polaris_Vibroseis_Namibia_12
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_9
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_9
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_5
MEL_Monitor_Exploration_Owambo_Basin_2D_Seismic_Conventional_Polaris_Vibroseis_Namibia_13
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_2
MEL_Monitor_Exploration_pel93_2D_seismic_vibroseis_polaris_owambo_basin_1
  • 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
READ HERE


INVESTOR SNAPSHOT

monitor mel oil and gas pen 93 owambo Risked Lead Inventory

NEXT EXPLORATION OPPORTUNITY

NAMA BASIN in NAMIBIA

2416A and 2417

16,871 km2
Optimal inland logistics in Namibia and outlet towards South Africa

Petroleum Agreement

Since Oct 2024
Very favourable terms negotiated prior to large discoveries in the Orange Basin

2 BBBL of Oil in place

Initial Resource Estimate
Geological setting and background show high evidence of hydrocarbon presence

85%

Working Interest for Monitor
Option to drop with no penalties after completion of each stage
Watch here
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…

Read more

Follow Monitor on LinkedIn