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The Mozambican Gas Promise and Why It Epitomizes the African Dream

It has been almost exactly ten years since Anadarko drilled the well that would give Mozambique its first major gas find in over sixty years of mostly disappointing oil and … Read More

Uganda invites Five Bidders to negotiate PSA’s in first competitive licensing round

The Ministry of Energy and Mineral Development has announced it has completed evaluation of bids for the first competitive licensing round and invited the successful companies to negotiate Production Sharing … Read More

Australia supports VETA for Extractive Skills Development in Tanzania

Australia is supporting the Tanzanian Governments Vocational Education and Training Authority (VETA) in order to strengthen vocational training institutions and their capacity to deliver skilled, work-ready local graduates to meet … Read More

WHL Energy Receives $4 million in Funding For Australia, Seychelles Assets

Australian energy company WHL Energy Limited has announced it has received new funding support providing for a commitment of US$4 million from New York-headquartered investment firm Magna Equities II, LLC. … Read More

Mozambique could join Australia, Qatar in league of world’s largest Gas producers

Mozambique could become the third world’s largest Gas producer after Australia and Qatar should it secure the needed foreign investment in the range of $20Bn to $25Bn according to a … Read More

FAR raises $46.7 million to fund exploration ventures in Africa and Australia

FAR Ltd has completed a placement to institutional and sophisticated investors to raise $46.7 million before expenses by issuing 424,961,685 shares. The capital raising follows the significant oil discovery in … Read More

Swala Energy to raise $4.4M to fund activities in Kenya and Tanzania

Swala Energy Limited has announced a Share Purchase Plan to raise up to A$5.0 million (US $4.4 million) to fund additional near-term work on the Company’s Tanzanian and Kenyan licences, … Read More

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