Shell has exercised a Feb â19 farmin option with Cluff in the latterâs so far wholly-owned P2437 (block 48/8b, Selene gas prospect).Â  Cluff retains 50% + operatorship until a well investment decision is made, Shell paying for the costs to date. Completion is conditional upon agreeing a JOA + OGA approval. Shell has committed to drill the Selene prospect asap, paying 75% of well costs but capped at USD 25 MM.
Cluff Natural Resources (->0%) has announced that Shell (->100%) has exercised its exclusive option to farm in to Licence P2437 (Block 48/8b) contains the 291 BCF Selene Prospect.