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Impact Oil & Gas

Description

Impact is a UK-based, privately owned, independent exploration company with a strategic focus on finding large scale, deep water plays offshore Western and Southern Africa. These plays must be of sufficient materiality to attract partnership by industry majors with the expertise to subsequently drill.

Since acquiring its first asset offshore South Africa over a decade ago, the Company has expanded its asset base across the offshore margins of Southern and West Africa. It is now partnered with Shell in South Africa, CNOOC in AGC (between Senegal and Guinea Bissau) and Total in Namibia and South Africa. The Company’s current portfolio covers a combined area of over 200,000 km² (gross) (including an indirect interest in Block 11b/12b, South Africa). It has recently acquired a 90% interest in (and operatorship of) Area 2, offshore South Africa, giving it the largest footprint of any company in the Natal Trough off the country’s east coast.

As a pure exploration company, Impact’s management has matured a number of significant prospects across a portfolio that has, for the most part, been grown organically. Impact’s objective has been to retain a material percentage of each asset post introduction of a major industry player. Impact indirectly participated in the Brulpadda-1X and Luiperd-1X gas condensate discoveries on Block 11b/12b in South Africa in 2019 and 2020, respectively. With the spudding of the Venus-1X well, the Company has now entered the drilling phase of its own matured assets and expects this well to be the first in a number of such wells/appraisals over the next three to four years across this world class portfolio of prospects, in different geological and geographic locations.

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