Oil & Gas UK statement on Scottish Referendum result

Oil & Gas UK statement on Scottish Referendum result

In light of the ‘No’ vote in the Scottish Referendum, Oil & Gas UK looks forward to continuing working closely with both the UK and Scottish Governments towards the shared ambition of maximising economic recovery of the UK’s offshore oil and gas resource. This vote does not and will not diminish the pivotal role played … Continue reading

Kenya could lose 7 oil blocks in Somalia dispute

Kenya could lose 7 oil blocks in Somalia dispute

As a maritime border dispute between the Somali government and Kenya heads to the international court of justice seven oil blocks currently held by Kenya are part of the determination expected by The Hague based ICJ. Part of the dispute is a triangle of water stretching more than 100,000 a sq kilometers (approx. 40,000 sq … Continue reading

Otto Energy requests trading halt ahead of major announcement

Otto Energy requests trading halt ahead of major announcement

The securities of Otto Energy Limited will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless the Australian Stock Exchange (ASX) decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading … Continue reading

Swala Energy awarded Block 44 in Zambia

Swala Energy awarded Block 44 in Zambia

Swala Energy Limited has announced that its 93% owned subsidiary company, Swala Energy (Zambia) Limited, has been formally awarded hydrocarbon exploration rights over Block 44 in the Republic of Zambia from the Ministry of Energy. This announcement follows the announcement on 12th May 2014 when the company reported it had been offered exploration rights over … Continue reading

Delonex Energy Awarded Exploration License in Ethiopia

Delonex Energy Awarded Exploration License in Ethiopia

British explorer with focus on Central and East Africa Delonex Energy Limited has been awarded an exploration license in Ethiopia covering Blocks 18, 19 and 21 in the Abred-Ferfer area. The three year initial exploration license awarded late last month covers a total acreage of 29,865sq km with a provision for two extensions of two … Continue reading

Resource estimates in ‪‎Kenya‬’s South Lokichar basin surpass 1 billion barrels of oil in new adjustment

Resource estimates in ‪‎Kenya‬’s South Lokichar basin surpass 1 billion barrels of oil in new adjustment

Africa Oil Corp says that a new independent assessment of the Company’s Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by Gaffney, Cline & Associates increasing the total 2C (best) gross contingent resources by 67% to 616 million barrels of oil and total 3C (high) … Continue reading