AGC Profond Gabon Namibia South Africa
Transkei & Algoa Tugela Orange Basin Deep

Operations: South Africa

Impact Oil & Gas Ltd, through its subsidiary Impact Africa Limited, maintains an interest in three prospective areas offshore South Africa. An Exploration Permit and three Technical Cooperation Permits are held:

1. Tugela South Exploration Right
2. Transkei & Algoa Technical Co-operation Permit
3. Orange Basin Deep Technical Co-operation Permit

Technical Cooperation Permit (TCP)
A permit issued to applicant in terms of section 77(1) of MPRDA which allows the applicant to do desktop study, acquire seismic data from other sources including the Agency, etc; but does not include any prospecting or exploration activities.

A TCP gives the holder the exclusive right to apply for an Exploration Right. This is a right granted to the applicant in terms of section 80 of MPRDA to re-process the existing seismic data, acquisition and processing of new seismic data or any other related activity to define a trap to be tested by drilling, logging and testing, including extended well testing, of a well with the intention of locating a discovery.

An Exploration Right normally lasts for an initial 3-year period with three possible 2-year extensions – i.e. a total of 9 years.

Impact Stakeholders' Manifesto PDF
Orange Basin Deep
Transkei & Algoa

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