Monitor Exploration
Billion-barrel plus potential with 350 mln barrel immediately drillable prospect
Monitor Exploration
Access to the World’s Most Prospective New Exploration Region
Monitor Exploration
Unique exploration approach
Monitor Exploration
Numerous, large potential hydrocarbon bearing structures
Monitor Exploration
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Risked value
US $ 333 Million

The risked value of discovery EMV
US$ 333 Mln

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Unrisked value
US$ 2 Billion

The estimated unrisked value
US$ 2 Billion

PROJECTS

Monitor enjoys a favourable logistics position
Train station situated within the licence: Oshivielo
Access to cargo port at 500 km: Walvis Bay
Cargo railway passes through the licence to port, capital and towards South Africa
Even a modest discovery will have guaranteed transport and distribution

Moving Forward into First Renewal Exploration Period

Monitor is pleased to announce that the Minister of Mines and Energy of Namibia Hon. Tom K. Alweendo has approved the First Renewal Exploration Period to October 2025 for our Owambo onshore licence, with a commitment of additional min. 200 km of 2D seismic acquisition with a minimum expenditure of US$ 2 Million for the said period. Upon satisfying results from the seismic work, we potentially aim at drilling two wells in 2025-2026.  

Monitors welcomes New Partner 88 Energy

To assist us in the next stages of our work, we have entered into a Farm- out Agreement with 88 Energy Ltd, joining as a direct licence interest holder in stages. The basis of the Farm-out is described in the announcement on the Alternative Investment Market and Australian Stock Exchange made this morning.

88 Energy’s announcement from November 13th, 2023 here.

Monitor is pleased to welcome
88 Energy into its Owambo License

Monitor Acquires 60km of New 2D Seismic.

Promising Insights in the Owambo Basin

  • Line 3 – 19km – AOI 02.
  • Strategically selected to expand the existing seismic coverage. 
  • Positioned in an area where data quality is expected to be excellent. 
  • Aims to validate the presence of closure to the west, thereby strengthening the existing mapping of the lead within AOI-02. 
  • This mapping is supported by gravity, passive seismic, and geochemical data, but lacks sufficient 2D seismic information.
  • Line 10 – 43 km – AOI 00.
  • AOI 00 currently lacks 2D seismic data. 
  • Line 10 extends an existing line from the basin’s center, going southwards over the fold and thrust belt.
  • Gravity, passive seismic, and geochemical data have already identified a substantial lead: 144 km2 (56 mi2) in this area. 
  • The seismic test on Line 10 holds significant importance due to the presence of near-surface volcanics.

"The Accelerated Weight Drop (AWD) to test our diverse geological setting, such as near-surface volcanics"

NEWS

Prospective Recoverable Resources​

2023 OIL CASE PROSPECTIVE MEL MONITOR
2023 OIL CASE PROSPECTIVE MEL MONITOR

Investor Snapshot

Monitor MEL Opportunity to invest in worlds most exciting petroleum province
Monitor MEL work completed and future steps
Approval of First Renewal and New Partner 88 Energy

Moving Forward into First Renewal Exploration Period Monitor is pleased to announce that the Minister of Mines and Energy of Namibia Hon. Tom K. Alweendo has approved the First Renewal Exploration Period to October 2025 for our Owambo onshore licence, with a commitment of min. 200 km of additional 2D seismic acquisition at a minimum…

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Finance Manager

Monitor is pleased to announce that Constantine Tripodis BCom, Adv. Cert. International Tax, MBA, SAIPA, is joining us as  Finance Manager to supervise  our Namibian company, as it prepares for the next stages of its development .     Costa is a professional accountant, resident in South Africa, having had early experience as an oil…

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We are in London May 16-18 at the Africa Energies Summit

Also this year, Monitor will attend the Africa Energies Summit held in London, May 16-18, 2023. Robin Sutherland, our Senior Technical Advisor, will represent Monitor Exploration at the conference. We endorse the summit as it manages to create an international stage for Africa’s energy industry and promote African energy potential and opportunities. The spirit of…

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Monitor actively promotes career development of young Namibians

As part of our corporate engagement to promote the career development of young Namibian professionals, Monitor continues to financially support individual training and courses upon request. This month, April 2023, Monitor provided the necessary funds for a Namibian female student to pursue a petrochemical training program of her choice at Nosa Samtrac and covered her…

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