RE: RNS13 Apr 2022 13:39
https://www.investegate.co.uk/cloudbreak-discovery--cdl-/rns/partnership-to-explore-for-oil---gas-in-namibia/202204130715051737I/
About Block 2019
Namibian exploration for oil and gas is still early stage with several Karoo Basins across the Southern Trans-African Rift and Shear System largely untested. These basins are highly prospective hosts for oil and gas. Initial exploration has yielded positive indications of the mineral potential. These basins are comprised of thick sequences of sedimentary materials ranging in composition from conglomerates to mudstones with observed carbonaceous content, specifically several coal deposits and seams. The interactions of the Southern Trans-African Rift system have played a key role in basin development as intra-basin transfer faults. The same tectonic processes provided the drivers for hydrocarbon development in the region. Block 2019 is a conceptual early-stage regional exploration target with a solid geologic thesis, as such additional data collection and compilation will be required to further refine the target area.
Petroleum Exploration License Block 2019 is targeting the Waterberg basin and is located in central northeast Namibia. The Tevrede Formation has seen greater research focus to the west than the Block 2019 area and provides a proxy of the basin development with both sound exposure of the stratigraphy and well mapped structural conditions. The stratigraphy in this part of the basin has been mapped as basal muddy sandstones, with rounded polymictic metamorphic pebbles, these reworked Dywka glacial deposits are overlain by carbonaceous mudstones, which have been observed to be interfingered with coal seams and are sub-divided by fluvial sandstones. Next steps on the project will be to continue to gather geophysical data and further delineate the basin, refining targeting of the favorable stratigraphy on the exploration license.0
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