According to a statement by Africa Oil, the Etiir-1 exploration well, which targeted a large, shallow, structural closure immediately to the west of the Greater Etom structure, spudded in late June and was unsuccessful with no material reservoir development or shows encountered. Although dry, this well has helped define the westerly extent of the Greater Etom Structure

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

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

The Nigerian government has approved new national oil administration policy, aiming to improving the country’s oil fortunes by boosting revenues from the commodity