Activity status
Effective 1 July 2011, ROC agreed to farm down its interest in Block H to White Rose Energy Ventures (Equatorial Guinea) Limited from 37.5% to 20% for a free carry through the drilling of an exploration well. On 15 September 2011, ROC received an upfront payment of US$0.9m and additional bonuses will be subject to the success of the well. ROC relinquished technical operatorship of the permit to White Rose, ROC remains administration Manager. White Rose has the option to acquire ROC's remaining interst in Block H for US$16.1m prior to the spud of the exploration well.
- 1,403km2 3D seismic acquired in 2001 and one exploration well drilled in 2004.
- Drill planning activities for an exploration well, anticipated to be drilled in 2013, are in progress.
Click here for Equatorial Guinea geology and history