Alberta Oilsands due blocks offshore Namibia

Alberta Oilsands Inc., Calgary, has agreed to the indirect acquisition of a Namibian company in a deal that will give it net interests of 85% in two blocks offshore Namibia.

It initially will pay $1.5 million and issue 20 million shares valued at 10¢ each to acquire Maroon Hill International Ltd., a British Virgin Islands firms that owns 85% of Leopard Investments Ten (Pty.) Ltd. of Namibia. Leopard Investments holds 100% of the licenses for Blocks 2712A and 2812 A in the Orange basin. An additional $1 million is payable a year after the closing date.

The blocks cover 2.7 million acres directly west of Kudu natural gas field.

Related Articles

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/24/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

Tethys reports second successful gas well in Kazakhstan

03/20/2014 Tethys Petroleum Ltd. reported the success of the second shallow gas exploration well of its 2014 program on the Akkulka block in the Caspian regio...

BOEM: Firms bid $850 million in high bids in central gulf lease sale

03/19/2014 The US Bureau of Ocean Energy Management reported that its central Gulf of Mexico Lease Sale 231 received 380 bids from 50 companies on 326 blocks,...

CNOOC makes gas discovery in Qiongdongnan basin

03/19/2014

CNOOC Ltd. has made a natural gas discovery in the east Lingshui Sag of the deepwater area in the South China Sea’s Qiongdongnan basin.

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected