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Impact is a pure exploration company with a strategic focus on large scale, mid to deep water plays of sufficient size to be of interest to major companies.

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Impact farms-in to Block 2912, offshore Namibia; Orange Basin

London 8 February 2019

Impact is pleased to announce it has signed an agreement with Total E&P Namibia B.V., a wholly-owned subsidiary of Total S.A. (“Total”), to farm-in to the Total operated Block 2912, offshore Namibia through Impact’s wholly owned subsidiary, Impact Oil and Gas Namibia (Pty) Ltd. On completion of the farm-in, the licence will be held as follows: Total: 66.11%; Impact: 18.89%; and Namcor 15%.

 

Block 2912

This ultra-deep-water block covers around 7,933km² and lies immediately west of Block 2913B, offshore Namibia (also held by Impact, Total and Namcor). Both blocks are located within the Orange Basin, immediately north of the South African maritime border. Impact holds a further licence in the Orange Basin (the Orange Deep TCP), located to the south, along the South African deep-water margin.

All licences are located beyond the western continental shelf edge, where the Company is exploring oil potential in the laterally extensive, large, Cretaceous basin-floor sands.

Siraj Ahmed, CEO of Impact Oil & Gas said:

“Our strong acreage position has been further strengthened with the addition of Block 2912, offshore Namibia.  This block is in an exciting deep-water exploration region, and a focus area for Impact. We look forward to the Venus well in Namibia, which is planned to be drilled in the adjacent block (Block 2913B) later this year by Total, the Operator.”