Scandoil  

African Petroleum enters into an agreement with The Government of the Republic of The Gambia


Published Dec 2, 2014
African Petroleum Corporation Limited

African Petroleum Corporation has entered into an agreement with The Government of the Republic of The Gambia to reinstate the Company's Alhamdulilah Licence Block A1 and Licence Block A4 (together the 'Gambia Licences'), and settle all prior issues concerning the Gambia Licences including the discontinuation of arbitration proceedings.

The reinstatement of the Gambia Licences is a significant and positive step for the Company, particularly following the recent oil discoveries by Cairn Energy in Senegal. African Petroleum Corporation has also agreed to a revised initial exploration period that will expire on 1 September 2016 in return for a commitment to drill an exploration well on one of the Gambia Licences and reprocess 3D seismic on Licence Block A4 prior to 1 September 2016.

Tags: African Petroleum Corporation Limited




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml