Menxons technical team reviewing petroleum data acquisition equipment in coastal Liberia

05Liberia — Onshore Petroleum Exploration

Bassa Basin Designated Area

Grand Bassa County, Liberia — Menxons Limited's third onshore block in Liberia, focused on petroleum data acquisition and technical evaluation in partnership with the National Oil Company of Liberia (NOCAL).

Project Overview

Petroleum data acquisition and technical evaluation

The project is based on the Partnership Agreement between NOCAL and Menxons Limited for the conduct of petroleum data acquisition and technical evaluation of the designated area.

The agreement provides for evaluation of the designated area through geological and geophysical work and related petroleum data acquisition. Subject to the outcome of the evaluation and applicable Liberian petroleum requirements, the agreement provides for potential progression toward a Production Sharing Contract (PSC).

Basin
Bassa Basin
County
Grand Bassa County
Country
Liberia
Project Partner
National Oil Company of Liberia (NOCAL)
Current Focus
Petroleum Data Acquisition & Technical Evaluation
Potential Next Phase
Production Sharing Contract (PSC), subject to applicable requirements.

Location

Bassa Basin designated area, Grand Bassa County, Liberia.

Project Partner

National Oil Company of Liberia (NOCAL).

Exploration Focus

Geological and geophysical work and related petroleum data acquisition.

Current Stage

Petroleum data acquisition and technical evaluation.

Potential Next Phase

Production Sharing Contract (PSC), subject to applicable requirements.

Project Map

Designated area — reference visual

The designated area is defined by the map contained in Exhibit A of the Partnership Agreement between NOCAL and Menxons Limited.

LIBERIAGHANAGULF OF GUINEATano Basin | GH_TK_01Voltaian Basin | GH_VB_03Bassa Basin Designated Area

Hover or focus a marker — indicative locations only

Exhibit A — Designated Area Map (Partnership Agreement)

The Exhibit A map from the Partnership Agreement will be displayed here once the source document is supplied. No geographic information has been altered or inferred.

Maps shown on this page are indicative representations of Menxons' exploration footprint. No coordinates, boundaries or acreage figures are implied.

Exploration Timeline

From agreement to potential PSC

  1. 01

    Partnership Agreement

    Agreement between NOCAL and Menxons Limited covering the designated area.

  2. 02

    Petroleum Data Acquisition

    Acquisition of petroleum data relating to the designated area.

  3. 03

    Geological & Geophysical Evaluation

    Geological and geophysical work as provided for under the agreement.

  4. 04

    Technical Evaluation

    Integrated technical evaluation of the acquired data.

  5. 05

    Assessment of Petroleum Potential

    Assessment of the petroleum potential of the designated area.

  6. 06

    Potential PSC Phase

    Subject to applicable requirements and evaluation outcomes.

    Subject to applicable requirements and evaluation outcomes

Liberia

Explore the Bassa Basin Opportunity