RE: This could go absolutely ballistic25 Apr 2026 00:14
GEO holds a 78% participating interest in Petroleum Exploration Licence (PEL) 0094 (Block 2011A) in the Walvis Basin, offshore NW Namibia. This covers 5,798 square kilometres in water depths ranging from 450 metres to 1550 metres. State oil company NAMCOR has a 17% carried interest and private company Aloe Investments Two Hundred and Two (PTY) Ltd has a 5% carried interest. GEO also previously held PEL 0029 from 2010 until its expiry in December 2020.