Oil & Gas

88 Energy Limited has secured a 12-month extension for Petroleum Exploration License 93 (PEL 93) in Namibia’s Owambo Basin, moving the First Renewal Exploration Period’s expiry date from 2 October...

Pancontinental Energy's new studies suggest that the Saturn Complex in Namibia’s Orange Basin could contain over 20 billion barrels of recoverable oil, highlighting the enormous potential of one of Africa’s hottest...

Tower Resources is reinforcing its ability to deliver on key projects in Africa by expanding its bridge loan facility to £750,000. This move is designed to maintain momentum on two...

Supernova Metals Corp is accelerating work at its primary asset, Block 2712A, strategically located in Namibia’s highly prospective offshore Orange Basin. Block 2712A spans 5,484 km² in the heart of...

Reconnaissance Africa is targeting 346 million barrels of gross unrisked - 30 million barrels of gross risked - prospective light to medium crude oil resources at the Kavango West-1X well...

A Reuters report Tuesday says Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August. The report quotes...

Reconnaissance Energy Africa is seeking to raise N$130 million (C$10 million) for exploration activities, working capital and general corporate purposes. The primary exploration activity to be funded will be the...

ReconAfrica President and CEO Brian Reinsborough says they are encouraged by the progress of the necessary pre-drill activities on Prospect I, which is moving us closer to spudding the well. Prospect...

Supernova Metals Corp., soon to be renamed Oregen Energy Corp., will increase its shareholding in WestOil from 12.5% to 48.5% after acquiring Oram Energy's 36% shares for N$32 million (US$1.8...

Geo Exploration Limited (formerly Global Petroleum Limited) has identified two new sandstone leads - Emerald and Beryl - on PEL 94 Block 2011A in the Walvis Basin. PEL 94 covers...