BLOCK 17/06

In November 2006, Partex acquired a 2.5% participation in Block 17/06, in Angola.

Block 17/06 is located in the deepwater offshore Lower Congo Basin South of the Zaire River, approximately 175 km northwest of Luanda, the capital. It is located in water depths ranging from 600 to 1900 metres covering an area of approximately 3100 square kilometres.

The other partners in this new venture are: the operator, TOTAL (30%), Sonangol P&P (30%), SSI Seventeen (27.5%), Falcon Oil (5%) and ACR (5%). Sonangol E&P is the concessionaire of the block