- Geo Petroleum Ltd owns 100% of the equity in Petroleum Exploration Licence 0028 (PEL 0028) covering Block 31 in the Northern and Luapula provinces of Zambia.
- Geologically, the block is located in the western branch of the East African Rift System, on trend with Lake Albert where 1,700 MMbbls of recoverable oil resources have been discovered to date. The block extends over 50,000km2 but the main areas of interest for oil exploration are in the Tertiary basins around Lake Mweru, which is of similar size and orientation to Lake Albert; and Lake Tanganyika, which is a proven oil-bearing basin confirmed by sampling in the DRC.
- Geo Petroleum Ltd has designed an innovative, environmentally conscious and cost-effective programme to progress oil exploration over the block in 2021, and invites interested companies to join us.