Oil & Gas

Tower Resources has agreed to an unsecured fixed-price convertible bridge loan of £500,000 with Prime Resources to complete farm-out agreements in Cameroon and Namibia. Prime Resources is a Gibraltar-registered private investment company. The company announced...

Namibia's Petroleum Commissioner Maggy Shino says Galp has collected 3,500 km2 of high-density seismic data from the Mopane discovery to refine volume estimates and advance the project toward the final investment...

Reconnaissance Energy Africa has completed initial surveying activity at Prospect I, with debushing activities ongoing. The company will start demining activities in the coming weeks ahead of the Prospect I...

Pancontinental Energy says PEL 87 in the Orange Basin could be holding a total high-case prospective resource estimated at 3.8 billion barrels of oil. The company also says the total...

Pancontinental Energy says a process is already underway to secure an alternate farm-in partner to fund exploration and drilling within PEL 87 at the earliest opportunity after Woodside Energy elected...

Woodside Energy has elected not to exercise its option to farm-in to the PEL 87 project on blocks 2713A and 2713B in the Orange Basin. The Australian company gave the...

Pancontinental's exploration investment in PEL 87 in the Orange Basin during the first licence period exceeded US$5 million. PEL 87 was awarded to a joint venture in early 2018 for...

Tower Resources has, through its subsidiary, Tower Resources (Namibia) Limited, acquired an additional 5% interest in the PEL 96 license offshore Namibia for US$375.000 from its local partner, ZM Fourteen Investment (Pty)...

Galp says it spent N$7.2 billion (€312 million) in Namibia during the fourth quarter of 2024, almost double what the company spent in the first nine months of 2024. The...

Supernova Metals Corp. acquired an 8.75% indirect ownership interest in Block 2712A in the Orange Basin offshore Namibia, under PEL 107. The acquisition was through a share exchange agreement on...