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Senegal Plans Two License Awards

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Senegal plans to award two exploration licenses prior to the end of the year according to state-run oil and gas firm Petrosen. “We already have proposals. We are evaluating the best for the state of Senegal,” said Petrosen’s Director General Mamadou Faye of the two new northern offshore blocks. Faye did not reveal the names […]

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Eco Atlantic/Tullow Farm Out Deal Closes

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Eco Atlantic’s farm out to Tullow Kudu Ltd., a unit of Tullow Oil, has closed. The closure of the farm-out agreement includes all necessary approvals from the Namibian government and the entering into of an amended and restated JOA between Eco Atlantic, Namcor, Tullow, and Azimuth Namibia. The farm-out agreement has Tullow acquiring up to […]

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Sirius Seeks Additional Funds for Ororo Field

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Sirius Petroleum has provisionally raised approximately $20 million by way of a placing and subscription and is currently looking to raise more. The company’s board is seeking to raise a further $5. 1 million in order to put the Ororo field in Nigeria into production. A long stop date of November 7 is set for […]

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Tullow Looking to Extend Ethiopian Stay

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Posted by admin 7 days ago (http://www.petroleumafrica.com)
Tullow Oil is looking to extend its exploration license in Ethiopia and talks between the Irish explorer and the government have begun. Tullow has drilled four wells over the past two years in Ethiopia, unfortunately only two of those wells have shown “encouraging” results.  “The hydrocarbon shows in the South Omo Basin wells are indicative […]

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Amplats lifts sales $100m post JM contract

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Posted by admin 7 days ago (http://www.miningmx.com)
Anglo American Platinum said it had grossed at least $100m more in sales after ending its contract with Johnson Matthey by removing discounts.

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UK investors to get BHP 'Spinco'

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Posted by admin 7 days ago (http://www.miningmx.com)
BHP Billiton has agreed to take the company created from its proposed demerger to the UK market after shareholders asked for it.

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Lonmin rebut reveals R36.5bn money pit

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Posted by admin 8 days ago (http://www.miningmx.com)
Lonmin's claim it had to raise R17bn and could not have hid the profits claimed by the AIDC is part of the story of shareholders providing R36bn to buoy the sector.

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Airborne Gravity/Magnetic Survey Launched in Chad

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Posted by admin 8 days ago (http://www.petroleumafrica.com)
ERHC Energy’s subsidiary in Chad, ERHC Energy Chad, saw the launch of the airborne gravity/magnetic survey it contracted for its BDS 2008 license. The survey is being carried out by Bridgeporth who is flying the 4,720 line km survey, focusing on the two main areas identified by ERHC’s technical team. The two areas under scrutiny […]

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