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.

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 2019

1. From the File Note on Logbaba Reserves Revision, July 2020, by Gaz du Cameroun using the SPE/WPC/AAPG/SPEE Petroleum Resources Management System as the basis for its classification and categorisation of hydrocarbon volumes
2. From the Logbaba Field Deterministic Volume Estimates, October 2018, by Gaz du Cameroun and Exploration Reservoir Consultants Ltd (“ERCL”) using the SPE/WPC/AAPG/SPEE Petroleum Resources Management System as the basis for its classification and categorisation of hydrocarbon volumes
3. From the Logbaba Field Reserves Report, August 2016, by Blackwatch Petroleum Services Ltd using the SPE/WPC/AAPG/SPEE Petroleum Resources Management System as the basis for its classification and categorisation of hydrocarbon volumes

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

as at 31 December 2019

1. Working Interest.
2. Company estimates.
3. Source: ‘North Matanda Field Assessment of Gas Volumes’. RPS Energy report, February 2018.
4. Source: ‘Volumetrics Assessment for North Matanda, Cameroon’. ERCL, November 2015.