Impact Oil & Gas acquires exploration assets from ExxonMobil and Equinor
Impact has acquired ExxonMobil and Equinor's interests in the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa.
Impact has acquired ExxonMobil and Equinor's interests in the Transkei & Algoa Exploration Right and the Tugela South Exploration Right, offshore South Africa.
Drilling at the Luiperd well has encountered 73 m of net gas condensate pay in well-developed good quality Lower Cretaceous reservoirs.
The estimate for the new oil discovery is between 0.5 and 3.2 million m3 of recoverable oil equivalent.