Dana Petroleum has been given the green light from the Egyptian government to develop the Nefertiti field in the Gulf of Suez
Egypt gives go-ahead to Dana to develop Nefertiti field
Exploration
Kilimanjaro Capital signs oil and mineral contract with Forest Gate Energy
Kilimanjaro Capital has announced that it has signed an agreement granting fellow Canadian company Forest Gate Energy a 20 per cent stake in the future oil and mineral development of the Southern Cameroons
Eco Atlantic signs joint operating agreements for offshore Namibia licenses
Eco Atlantic Oil & Gas has announced it has signed three joint operating agreements with the National Petroleum Corporation of Namibia (NAMCOR) and Azimuth regarding its license blocks offshore Namibia
Swala Energy to raise funds for drilling through IPO
African oil explorer Swala Energy has revealed plans to raise up to US$13mn in an initial public offering (IPO) to fund a drilling campaign in Tanzania and Kenya
Madagascar Oil transaction raises US$78.4 million
Madagascar Oil has announced agreed terms for a new financing transaction, which is expected to secure the company approximately US$78.4mn
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