Exploration

Aegean adds to Egyptian assets with farm-in agreement

Aegean Energy SA, an international upstream oil and gas exploration and production company with a Mediterranean and North African Basin Focus, has reached a farm in agreement with Groundstar Resources Egypt for a 70% working interest and operatorship of the West Kom Ombo (WKO) Block, located in South Central Dessert of Upper Egypt approximately 100km west of Aswan.

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TransGlobe Energy Tests Oil in Egypt

EGYPT - East Ghazalat (50% Working Interest)

TransGlobe announced that oil was recovered on test from Safwa NW-1, its latest exploration well in the East Ghazalat Concession in the Western Desert of Egypt.

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Odfjell Semisub Contracted for 1st Deepwater Drilling Campaign in Tanzania

ODFJELL SEMISUB HAS signed a contract with one of Ophir's operating subsidiaries for the use of the dynamically positioned semi-submersible Deepsea Stavanger, on behalf of the Blocks 1, 3 and 4 joint ventures in Tanzania that Ophir operates in partnership with BG Group.

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Africa Oil announces Puntland farm-out

AFRICA OIL CORP. has signed a Letter of Intent with Red Emperor Resources NL ("Red Emperor") pursuant to which Red Emperor will acquire a participating interest in the Dharoor and Nugaal Valley Blocks located in Puntland (Somalia).

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AIM-listed explorer Circle Oil makes $15.1 mn in revenues

In a letter to shareholders, Circle chairman Thomas Anderson said it had achieved an average oil price of $65.90 per barrel in 2009 and a gas price of $7.20 per thousand cubic feet resulting in its first gross profit of $7.37 mn.

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