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Spectrum ASA completes the acquisition of 2D seismic data offshore Somalia

Spectrum ASA has successfully completed the acquisition of 2D seismic data offshore south Somalia that commenced  5 th September, 2015…

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Exit from Somalia, Ethiopia Blocks cost Africa Oil over $100 million in 2014/15

Africa Oil which earlier said it has elected to not continue exploration activities in the Dharoor and Nugaal exploration blocks…

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ION Geophysical lands multiple Seismic Deals in Tanzania and Puntland

ION Geophysical has announced that it has been awarded contracts to acquire 4,058 km of 2D seismic, gravity and magnetic data…

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Africa Energy withdraws from Puntland, Somalia blocks

Africa Energy formerly Horn Petroleum Corp has announced that it has provided notice to the Puntland State of Somalia advising…

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Africa Oil Closes US$100 Million Financing To East Africa Program

Africa Oil has announced that it has closed the US$100,000,000 non-brokered private placement previously announced pursuant to an Investment Agreement…

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Horn Petroleum rebrands to Africa Energy, hires additional management

Horn Petroleum Corporation has announced that it has invoked a new corporate strategy to take advantage of the current downturn in…

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Africa Oil closes $125m private placement

Canadian listed company Africa Oil  has announced that it has closed the US$125,000,000 brokered private placement, previously announced on earlier…

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Uncertainty over legitimacy of PSC’s in Somalia keeps explorers at bay

Over the past few months a number of explorers searching for oil and gas in Puntland and Somaliland have closed…

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Horn Petroleum halts exploration in Puntland, Somalia

Horn Petroleum Corporation a subsidiary of Africa Oil has said it will significantly reduce its activities in its Dharoor and Nugaal…

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Africa Oil in $100m Equity Raise to fund exploration, appraisal plans in South Lokichar onshore Kenya

Africa Oil has announced plans to raise US$100m in new equity through a private placement to fund the ongoing appraisal…