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Exploration

Namibia’s minister of mines and energy, Isak Katali, has approved the assignment by Serica Energy of a 30 per cent interest in the offshore Luderitz Basin Licence 0047 to BP subsidiary Exploration (Luderitz Basin) Limited

Petrel Resources results for the year ended December 31, 2011, have revealed that the oil exploration and production company has a cash position of EUR 4.2 million (US$5.2 million) and has plans for further African expansion

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