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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Monitor Exploration
MEL Oil and Gas Namibia

Sponsor Booth E27

The Owambo basin potential explained in just 10 minutes.

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Risked value
US $ 333 Million

The risked value of discovery EMV
US$ 333 Mln


Unrisked value
US$ 2 Billion

The estimated unrisked value
US$ 2 Billion


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

2D Seismic in Owambo basin
July-August 2024

2D Seismic Acquisition Award

  • Monitor awards the 2D seismic acquisition program of a minimum of 200-line-km to Polaris Natural Resources Development Ltd.
  • Contract expected before end May 2024
  • Acquisition planned for July-August 2024
  • Processing results expected September-October 2024
  • The survey data will be used to validate the 10 independent structural closures. 
  • Considerable potential for more leads as we continue to expand the dataset within PEL 93.  
  • Target to drill our first potential exploration well in H2-2025
  • Our neighbour Recon Africa announced next drilling in June 2024, and further 2-3 wells to follow shortly after, to further explore the Karoo and Damara plays, located on the flanks of the Owambo basin.
  • Their results will impact our understanding of the local resource potential and may de-risk our Damara lead inventory which currently has a mean recoverable resource potential of 7.6Bbbls of oil or 32.7Tcf of gas.

Prospective Recoverable Resources​


Investor Snapshot

Next Exploration Opportunity:

Nama Basin

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