We assisted our Client in developing a purchase offer for several production and exploration license onshore in the Niger delta. These major licenses contained a number of producing fields, closed-in fields and prospective resources. We reviewed the available technical data to establish an independent view of resources in accordance with the PRMS. Data reviewed included full PETREL models of the discovered fields. We established 1P and 2P reserves, contingent and prospective resources for each property in each of the license area. We also evaluated potential production from the fields establishing profiles and costs required to develop the fields. An asset valuation of the license was conducted using Discounted Cash Flow and Fair Market valuation methods. The ultimate product of the work was the establishment of a strategy and recommended purchase price for a farm-in into the property.