Black
Marlin Energy Limited (BMEL) is aggressively exploring one
of the last unexplored petroliferous margins on earth through
its wholly owned subsidiaries East African Exploration Limited
(EAX) and Upstream Petroleum Services Limited (UPSL).
Black
Marlin's ability to deliver, quickly, exploration assets
and offer accelerated work programs to host Governments
puts EAX in a strong position to negotiate PSC rights and
to farm-in to existing PSCs held by operators requiring
geoscience services. BMEL focus on areas of high prospectivity
in which development costs are relatively low and where
access to market is fast.
Black Marlin’s current focus on East Africa is aimed
at exploiting the low entry cost, liberal fiscal regime and
high upside potential of this increasingly popular series
of unexplored basins.
Black
Marlin’s geoscience services subsidiary Upstream Petroleum
Services Limited has a state-of-the-art transition zone
and seperate land seismic crews in Tanzania. EAX is currently
drilling with Ndovu Resources, Nyuni Block, immediately
adjacent to the Songo Songo gas field. |