Substantial Exploration Commitment in Chad
Our Chad assets consist of four blocks held under one PSC, covering a total of 10,684 km2.
Delonex holds a 100% working interest in Blocks H, DOC, DOD and Largeau III through its wholly owned subsidiary United Hydrocarbon Chad Limited (UHCL). The acquisition of the company from United Hydrocarbon International Corp. closed on 22 September 2017. Delonex has committed US$65 million to exploration activity in the assets over a two year period.
Block H is located in the Termit Basin, immediately south-east of the prolific Agadem Block in Niger. The first well drilled in the basin, Kanem-1, was drilled in Block H in 1970 and discovered oil in Tertiary age sandstone reservoirs. Delonex completed the acquisition of 1,300 sq km of 3D and 550 line km of 2D seismic in March 2018 and in September 2018 mobilised a rig to site to commence Phase 1 of the exploration drilling program.
Blocks DOC and DOD are located in the Doba Basin in southern Chad, where the majority of current producing fields are located. Blocks DOC and DOD contain four discoveries with certified combined contingent resources of 9.4mmbbls (McDaniel Resource Assessment, 31 March 2016), as well as a number of undrilled exploration prospects and leads.