On 6 February 2020, AziNam Limited (AziNam) announced that it had completed its farmin to the Orange Sub-basin Inshore Block 3B/4B (347ER) (previously called the Nearshore Block 3B/4B).   The block covers roughly 900 km within the Orange Sub-basin, water depths across this block range between 250 m and 350 m. It is located roughly 100 km off the west coast some 30 km south of the 540 Bcf Ibhubesi gas field. The area is undrilled.   Azinam operates the block with a 51% interest, Ricocure holds the remaining 49% stake Â   Background information  On 11 September 2018, Azinam announced that it had acquired a 51% in the Nearshore Block 3B/4B from Ricocure (Pty) Ltd (Ricocure), subject to government approval.   At the time the block was under exploration right application which means that the interest spilt would only be effective when the exploration right is awarded. Ricocure had until the aforementioned deal, held both the main Block 3B/4B and Nearshore Block 3B/4B under two Technical Cooperation Permits (according to local sources) and in 2017, had applied for exploration rights covering both portions.
Africa Oil has agreed to acquire a 20% stake + operatorship in block 3B/4B (17581kmÂ²), in the in WD 300-2,500m from Azinam (-> 20%, Ricocure 60%). The deal does not comprise the smaller block 3B/4B (nearshore) of ab. 900kmÂ².