Uganda – Invitation to invest

The opportunity

In February 2020 Tribes Resources visited Uganda. A dataroom was visited and an early production development project was identified.

• Develop oil field in Uganda
• Create opportunities for further exploration and production of oil and gas in Africa.
• Location: onshore Uganda – Lake Albert
• STOIIP: 42 million bbl
• Hydrocarbon type:  Oil (30 °API)
• Expected reserves: 10 million bbl
• Current value: $ 700 million (at 70 $/bbl)
• Plan: drill 3 wells, construct facilities and pipelines

Features:

• 2 wells drilled
• Moveable oil proven
• Biggest structure with possible hydrocarbons in Uganda
• Integrated development with other opportunities possible
• Significant exploration potential: STOIIP >400 million bbl

Focus:

• Confirmation of feasibility
• Health, Safety and Environment
• Local content development

More information available after signing MOU.