Impact is a frontier exploration company with early-stage, deep water prospective hydrocarbon plays that are of sufficient size to attract Oil Majors as partners ahead of drilling. The company has built a varied portfolio of (mostly carried) interests across several licences in the African offshore Atlantic margin and has taken these from “green field” acreage to potential drillable prospects through detailed geological and geophysical work. In such areas, the deep water fans provide the potential for huge reservoirs of sufficient size to be material inventory for the multinationals.
Impact aims to become a leading oil and gas exploration company by building on its current foundations and creating an extensive portfolio with a clear strategic focus, committed to sourcing large-scale, high-potential exploration opportunities. The company specialises in applying the latest seismic and processing techniques to maximise data quality and increase the chance of successfully identifying the most prospective blocks in medium to deep water. Our view is that the deep water areas off the continental shelf, harbour basin floor and slope fans that offer the potential for very large scale, high quality reservoirs.
Our view is that the deep water areas off the continental shelf, harbour basin floor and slope fans offer the potential for very large scale, high quality reservoirs.
To date we have successfully attracted a number of major international oil companies to partner with in the exploration of these prospects including:
Our primary objective is the discovery of oil, but we also seek gas where this can be monetised either through scale or access to demand from the local market. Our view is that the deep water areas off the continental shelf (ranging between 1,000m – 3,500m of water) harbour basin floor and slope fans that offer the potential for very large scale, high quality reservoirs. Whilst the wells are deep water, we expect a higher chance of success than on the shelf regions and we also anticipate larger reserves with good flow rates. Consequently, we are confident that the economics will robustly challenge or better those of more conventional reserves and shale production. These outer areas also have the potential for shallower burial of source material with the consequence that the reservoirs may be more prone to be charged by oil than gas.
Ahead lies the next phase of our company’s evolution, as we enter the drilling phase which is anticipated to start in 2019. We are also continuing to seek out new assets to grow our portfolio and increase the overall chance of exploration success.
Impact is open and honest in all its dealings with companies, governments, NGOs and other industry groups, and operates sustainably and with integrity wherever it does business. Impact also conducts all its operations in a safe and environmentally responsible manner. Impact offers a unique offshore exploration investment opportunity, as the company aims to continue partnering with major oil and gas producers, to ensure economically viable production from the company’s licence areas, providing shareholders with high capital growth potential in the event of a discovery.