Mali-Mauritania operator going public, adds staff

Baraka Petroleum Ltd., West Perth, said its initial public offering was oversubscribed at $17 million (Australian) and that it has applied for listing on the Australia Stock Exchange.

May 5, 2005

By OGJ editors
HOUSTON, May 5 -- Baraka Petroleum Ltd., West Perth, said its initial public offering was oversubscribed at $17 million (Australian) and that it has applied for listing on the Australia Stock Exchange.

The company controls eight blocks that cover more than 272,000 sq km in lightly explored basins in Mali and Mauritania, northwest Africa (see map, OGJ, Dec. 6, 2004, p. 43).

Baraka has named Max de Vietri as managing director, Shane Doherty as executive chairman, Colin Roberts and Peter Cockcroft nonexecutive directors, and Satyavan Reymond as head of operations.