SOUTH AFRICA: Eco Atlantic Signs Definitive Share Purchase Agreement with Azinam

Further to the announcement on 10 January 2022, Eco (Atlantic) Oil & Gas Ltd. has confirmed that it has signed a definitive Share Purchase Agreement (SPA) to acquire 100% of … Read More

Namibia/South Africa: Eco Atlantic Acquires Azinam’s Asset Base

Highlights  ·    Acquisition of a material offshore petroleum exploration asset base in Namibia and South Africa ·    Consideration in the form of new common shares to Azinam Holdings Limited who will own 16.65% of the … Read More

SOUTH AFRICA: Block 11B/12B JV Contemplating Early Production System for a Phased Development of the Paddavissie Fairway

Block 11B/12B joint venture partners are contemplating an early production system (EPS) for a phased development of the Paddavissie Fairway according to Africa Energy. Africa Energy says joint venture is … Read More

Africa Oil Announces 2020 Fourth Quarter Results

Highlights Africa Oil fourth quarter net income of $79.8 million and full-year net income of $198.0 million, excluding a $215.6 million non-cash impairment of Kenya exploration assets posted in the first quarter 2020. Strong quarterly profit contribution … Read More

Seismic Acquisition in Kenya’s Block 2A Paralyzed After Row With Local Community

Oil exploration in Wajir has been paralyzed for about a week after equipment being utilized in the ongoing 2D seismic acquisition was vandalized as the local community blamed Simba Energy … Read More

Future drilling in Kenya’s block 2B unlikely without a farm-out

Following the disappointment at the Badada-1 well in Block 2B in February the joint venture partners led by Tower Resources who says it expects no significant expenditure in 2015 with … Read More