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
Exploration
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
CNOOC assigns Jasper Explorer to drill oil offshore Congo (Brazzaville)
Offshore drilling contractor Jasper Offshore has announced that its subsidiary, Jasper Drilling Pte Ltd, has signed a contract with CNOOC Congo SA for conducting drilling operations offshore Congo (Brazzaville)