Monitor Exploration
Access To The World’s Most Prospective New Exploration Region
Monitor Exploration
Billion-Barrel Plus Potential with 350 MLN Barrel Immediately Drillable Prospect
Monitor Exploration
Unique Exploration Approach
Monitor Exploration
Numerous, Large Potential Hydrocarbon Bearing Structures
Monitor Exploration
Unfolding Immense Potential of Owambo Basin with Proven Petroleum System
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PROSPECTIVE

RECOVERABLE

RESOURCES

Pre-2026 Gravity and Pre-2024 2D Seismic

2023 OIL CASE PROSPECTIVE MEL MONITOR
2023 OIL CASE PROSPECTIVE MEL MONITOR
THE RESULTS OF THE 2024 2D SEISMIC AND 2026 GRAVITY SURVEYS FULLY SUPPORT THE SCALE OF THIS OPPORTUNITY BOTH IN TERMS OF UNRISKED AND NET RISKED RESOURCES.
NEW LEAD INVENTORY AND VOLUMES ARE AVAILABLE UPON NDA.

Latest News

Namibia’s Owambo Basin Proven: Monitor Bolstered by ReconAfrica’s Basin Opening Flow Test as Preparations Advance for Prospect 9 Well

Windhoek, Namibia, 20 July, 2026 – Monitor Exploration Ltd (“Monitor”) as the Operator(1) of the PEL93 Joint Venture(2) covering Blocks 1717 and 1817 in the centre of the Owambo Basin, onshore Namibia, is pleased to congratulate ReconAfrica on their positive 16 July 2026 announcement on their production test interim results. Monitor praises ReconAfrica on their successful flow…

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MONITOR ANNOUNCES AMENDED FARM-IN TERMS AND TECHNICAL MILESTONES AT PEL 93, NAMIBIA

London/Windhoek – 11 May 2026 – Monitor Exploration Limited (“Monitor”) is pleased to announce a significant amendment to the Farm-In Agreement with 88 Energy Limited (“88 Energy”) regarding Petroleum Exploration Licence 93 (PEL 93), located onshore in the Owambo Basin, Namibia. Commercial Consolidation The updated agreement resets the commercial framework for PEL 93 to better align…

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Monitor Confirms Drillable Prospect at Lead 9 Following Integrated Geophysical Interpretation

London, United Kingdom – Monitor Exploration Limited (“Monitor” or the “Company”) is pleased to announce the completion of its integrated interpretation of recently acquired airborne gravity, magnetic and radiometric survey data, together with our recent 2D and passive seismic and legacy datasets including further 2D seismic,  soil gas samples and remote sensing over Petroleum Exploration Licence 93 (“PEL…

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Monitor Commences Airborne Geophysical Survey over PEL 93

Windhoek, Namibia – 11 Feb 2026 – As previously announced, Monitor Exploration and its joint venture partners have progressed to the next phase of exploration following the successful 2024 2D seismic campaign, which confirmed 11 structural leads with multi-billion-barrel hydrocarbon potential. To further de-risk the most promising targets, the JV has initiated a high-resolution airborne gravity,…

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Monitor Comments on ReconAfrica’s Positive Drilling Results and Implications for PEL 93

Windhoek, Namibia – 4 Dec 2025 – Monitor Exploration Limited (“Monitor” or “MEL”), Operator of PEL 93 in the Owambo Basin, onshore Namibia, congratulates Recon Africa on the successful drilling results from the Kavango West 1X well (KW1X) in PEL 73, located approximately 200 km east of Monitor’s PEL 93.    The confirmation of significant hydrocarbon pay and extensive…

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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 stations situated within the licences
Access to cargo port at 500 km: Walvis Bay
Cargo railway passes through both licences to port, capital and towards South Africa
Even a modest discovery will have guaranteed transport and distribution

DRILLABLE PROSPECT 9

Preparations for drilling in H2 2027

READ HERE

Lead 9 upgraded to drillable prospect

Validation of broader portfolio

Improved structural definition

Integrated interpretation significantly increases confidence in structural closure and trap integrity at Lead 9, now classified as a drill-ready Prospect.

Results support the Company’s interpretation of more than 10 additional leads, demonstrating the multi-prospect potential of the licence.

The new dataset provides enhanced imaging of structural closures across the block.

De-risking of exploration inventory

Demonstrated Hydrocarbon Presence

Regional Continuity of Reservoir and Seal

Strategic Correlation

READ HERE
The existence of at least one mature source rock is supported by legacy evidence and repeated oil and gas shows in neighboring wells, including the recently reported 75m of log-calculated pay at Kavango-West-1X
Success in the Etosha-5-1A well (drilled in the west) identified reservoir and seal in both Mulden and Otavi sections. These formations are expected to continue into the center of the basin, enhancing prospectivity for PEL 93
Located at the center of the basin, PEL 93 benefits from positive geological correlations and operational data stemming from the activities of its near neighbor, Recon Africa

PEL93 also has potential for improved prospectivity relative to the eastern part of the Basin, specifically:

Avoidance of Reservoir Degradation

Enhanced Seal and Protection

Preserved Reservoir Properties

Unlike the eastern Basin, where wells like Naingopo-1X and Kavango-West-1X show complete sandstone cementation, PEL 93 is located far from the igneous complex responsible for degrading reservoir quality.
The increased Mulden shale content in the center of the Basin improves the probability of an effective seal.
These shales protect reservoirs by restricting the movement of damaging fluids that typically cause cementation, thereby maintaining better reservoir integrity.
READ HERE

PROMISING SIGNS FOR OIL AND GAS EXPLORATION AS

KAVANGO WEST 1X

PRODUCTION TEST RESULTS BECOME AVAILABLE END-2026

MEL_Monitor_PEL93_well_ Owambo_basin_drill_prospect_Recon AFrica_kavango_west_1x_discovery_kavango


INVESTOR SNAPSHOT

NEXT EXPLORATION OPPORTUNITY

NAMA BASIN in NAMIBIA

Area 16,871 km2
Since Oct 2024
Initial Resource Estimate
Working Interest for Monitor

2416A and 2417

Optimal inland logistics in Namibia and outlet towards South Africa

Petroleum Agreement

Very favourable terms negotiated prior to large discoveries in the Orange Basin

2 BBBL of Oil in place

Geological setting and background show high evidence of hydrocarbon presence

85%

Option to drop with no penalties after completion of each stage
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