Project Description:

Project Melanos is in the Carupano Basin, a well-known region in Grenada that is close to the long-standing oil & gas areas in Trinidad, Venezuela, and Guyana. The project holds a development licence and investor-friendly Production Sharing Agreement (PSA) covering 3,000+ square kilometres with a resources assessment of over 10TFC signed with government of Grenada for 38 years, with 100% cost recovery clause and a fixed 6% royalty, and no physical product supplies to the island.

Highlights

1.  Clients and Binding Contracts Already Secured
2.  Highly Experienced Management Team.
3.  Highly Favourable Agreement Terms
4.  Project Has Been Significantly De-risked

Assets:

1. GIIP (Gas Initially in Place): Over 20TCF (640 billion cubic metres)
2. Condensate/light oil: over 2 billion barrels

The project holds a development licence and investor-friendly Production Sharing Agreement (PSA) covering 3,000+ square kilometres with a resources assessment of over 10TFC signed with the government of Grenada for 38 years, with a 100% cost recovery clause and a fixed 6% royalty, and no physical product supplies to the island.

Funding Proposal:

Project Melanos requires a total of USD $300M to complete the next phase - campaign to drill 4 wells to book reserves, test production and demonstrate cretaceous perceptivity.

Key investment risks:

When considering purchasing or investing in a business, it's important to be aware of the potential risks involved. It is advisable to consult with your accounting and legal advisors before entering into any contracts. While we strive to exercise due diligence, we cannot guarantee the accuracy of the project. It is essential that you verify all financials and legal agreements before proceeding.