Windfire Capital Corp have announced that it has signed a letter of intent, dated July 24, 2017, with DMiner Asset Management Inc, pursuant to which Windfire proposes to acquire 91.5 per cent of the issued and outstanding shares of Riviera Mina Ltd, a company incorporated under the laws of the Commonwealth of The Bahamas, from DMiner
Exploration
Oil to improve Uganda’s economy growth by four per cent: IMF
The International Monetary Fund (IMF) has stated that the newly discovered oil reserves in Uganda may account for around four per cent of the country’s economy annually in next few years if managed well
Nigeria approves new oil policy
The Nigerian government has approved new national oil administration policy, aiming to improving the country’s oil fortunes by boosting revenues from the commodity
Final investment decision made on Dussafu oilfields, Gabon
Panoro Energy has announced its final investment decision (FID) on the development of the Dussafu oil fields in Gabon
Eco Atlantic to focus on oil prospects in Namibia
Eco Atlantic Oil CEO Gil Holzman is upbeat about the prospects for oil exploration and production in Namibia, praising the country as one of the best places in Africa in which to do business