Atlas Petroleum & Partner eye sale of Niger Delta block

"Following on the heels of our recent success with Noble Energy on Block I in Equatorial Guinea, we believe now is the time to explore opportunities with prospective new partners in this as yet under-explored block, OML 109," said Prince Arthur Eze, owner and chairman of Atlas Petroleum International Ltd.

Recently, a complete review of OML 109 was conducted and the results revealed an exploration potential of 2.2 billion barrels of oil in the under-explored block.

Encompassing 191,000 acres or 773 square kilometers, the OML 109 block has only been addressed with three exploration wells in its entire history, the first in 1966.