Rhino to drill 10 exploration wells

Rhino Resources Namibia Ltd is applying for an Environmental Clearance Certificate (ECC) to drill up to 10 exploration or appraisal wells within Block 2914A, documents obtained from the company have shown.

Rhino and its partners hold an Exploration Right (PEL0085) over Block 2914A, located off the coast of southern Namibia.

The block is located approximately 260 km south-southwest of Lüderitz and 140 km west-southwest of Oranjemund at its closest point, in water depths between 200 meters and 1800 meters.

Rhino Resources is a private company exploring for energy sources and helium in Africa. In South Africa, Rhino is exploring onshore for biogenic gas, helium and native hydrogen.

The company says its ambition is to play a role is unlocking the vast energy potential of South Africa, supplying the dispatchable resources required to enable renewable generation.

In late 2022, Rhino designed and sole-funded the acquisition of a new 3D seismic survey covering 1700 km2, with the aim of reconfirming and expanding the block’s lead inventory.

Early analysis of the new seismic cube, combined with extensive existing datasets, gives confidence in the multiple play types identified and the abundance of drillable prospects.

Rhino and its partners are progressing with the planning and contracting of a two well exploration drilling and testing campaign.

Rhino has been exploring in Namibia for over a decade holds operatorship of Block 2914A (PEL 85) with a 75 percent participating interest.

Located in the shallower portion of the Orange Basin, 2914A is encircled to the outboard by the multiple Namibian discoveries made over the last two years, with the nearest discovery being less than 20km away.

Shell, TotalEnergies and government owned oil company, Namcor have announced a number of

discoveries of oil offshore Namibia recently. The discoveries were made in the Oranje Basin that is shared with South Africa.

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