Logbaba
Partners
GDC owns 57% of the 20km2 Logbaba Gas Project. Partnered on this project with RSM Production Company (“RSM”), and Société Nationale des Hydrocarbures (“SNH”), which have holdings of 38% and 5% respectively.
Reserves and Resources
The reserves and resources reflect those contained within the C38 Exploitation Licence, which has an area of 20km2. The originally held PH79 Exploration Licence over the entire Logbaba Field covered an area of 64km2. Discussions with SNH and the Government of Cameroon are continuing regarding the terms on which the relinquished portion of the PH79 Exploration Licence (the 44km2) will be made available to the Logbaba Concession partners.
Logbaba C38 Reserves and Resources
as at 31 December 2018
| Gross | Net (57%) | |||
|---|---|---|---|---|
| Proved (1P)1 | Gas | bcf | 68 | 39 |
| Proved + Probable (2P)1 | Gas | bcf | 207 | 118 |
| Proved + Probable + Possible (3P)1 | Gas | bcf | 364 | 207 |
| Mean Prospective Resources2 | Gas | bcf | 752 | 429 |
Matanda
Partners
GDC owns 75% of the 1,235 km2 Matanda license area, (adjacent to Logbaba Gas Project) in the highly prospective Douala Basin, with Afex Global Limited (“AFEX”) owning the remaining 25% following an assignment of the Production Sharing Contract approved by the Cameroon Government in December 2018.
Reserves and Resources
Reserves and Resources
as at 31 December 2018
| Matanda Resources | Gross | Net (75%) | ||
|---|---|---|---|---|
| North Matanda Field (Area 2) | ||||
| Contingent – Low Estimate (1C)1 | Gas | bcf | 43 | 32 |
| Contingent – Best Estimate (2C) 1 | Gas | bcf | 163 | 122 |
| Contingent – High Estimate (3C) 1 | Gas | bcf | 384 | 288 |
| P50 Prospective Resources2 2 | Gas | bcf | 3,747 | 2,810 |
| Matanda Block Onshore (Area 1) | ||||
| Mean Prospective Resources 3 | Gas | bcf | 903 | 677 |