PROFILE & HISTORY
Mineral Hill is listed on TSX Venture (MHI), Frankfurt (N8Z1) and OTC market (MHIFF).
Mineral Hill and shareholders of CPS have completed a “Share Purchase Agreement” representing 45% of the outstanding shares of CPS.
Mineral Hill may acquire additional ownership of CPS.
Mineral Hill has 11,056,303 shares in issue.
Mineral Hill has 3,048,750 share purchase warrants between the existing Directors.
To complete the transaction Mineral Hill is seeking to raise up to $2,000,000.
Primary Asset is an option on OPL 236 in joint venture partnership with Oando Oil & Gas, listed in Nigeria with secondary listings in Johannesburg and Toronto. Oando has a market capitalization of $1.19B.
Proven and experienced management team
The values of GIIP for the Ukana Field varies from 300-600 BCF with a Gulf Oil value of 236BCF
OPL 236 is the second largest onshore block in the Niger Delta
CPS had commissioned an independent valuation by Maurice Eaton, a former Director of Northern Petroleum.
Known Natural Gas occurrences in Ukana South-1
All natural gas occurrences will be re-evaluated through an updated NI 51-101 report
Cost to re-enter and flow test with 2d seismic is approximately USD $7.5 million
If the updated data of the existing Senergy report will be confirmed the valuation will be remarkably higher.