The low TOC values in most of the shales samples limit their overall source rock potential. The immature to early mature upper part of the Fika Formation, in which about 10% of the samples have TOC values greater than 2.0%, has the best oil generating potential. Oil would have been generated if such intervals had become thermally mature. On the basis of the samples studied here, the basin has potential for mostly gaseous rather than liquid hydrocarbons.