Congo Brazzaville: PetroNor increases its indirect ownership of PNGF Sud, Congo Brazzaville
18 Feb 2021
PetroNor E&P has announced that the Company s net indirect interest in
PNGF Sud, PetroNor’s core asset, will increase from 10.5% to 16.83% following i) a USD 18 million contingent acquisition of all of Symero s shares in
Hemla Africa Holding ( HAH ), and ii) a court ruling in Congo related to parts of MGI International’s indirect share in PNGF Sud. Symero s shares in HAH represent 29.293% of all issued and outstanding shares in HAH, and following completion of the Symero Transaction, the Company will own 100% of all issued and outstanding shares in HAH.
US: 88 Energy provides operations update
19 Feb 2021
Highlights
Drilling scheduled to commence 1st week of March 2021
Nearby Talitha-A well early results encouraging - potential for extension into 88E leases
Details
88 Energy is pleased to confirm that mobilisation of Rig-111 to the Merlin-1 drilling location has commenced. Spud is now scheduled for the 1st week of March 2021 with drilling expected to take ~3-4 weeks, including logging. Dependent on the results from the logging, the well will then be flow tested.
Managing Director, Dave Wall, commented: Commencement of drilling at Merlin-1 is now just around the corner, targeting the extension of the highly successful Nanushuk play. Success would underpin a company making development project for our shareholders, with the proven resource at the recently acquired at Umiat Oil Field adding substantial value.
Tradex reinforces its Central African expansion with the inauguration of its first filling station in Equatorial Guinea
(Business in Cameroon) - The Equatorial Guinean Head of State, Teodoro Obiang Nguema Mbasogo, officially inaugurated the Cameroonian oil company Tradex’s first filling station in his country on February 18th. The construction of this petroleum products sales outlet was launched on May 19th, 2020, in Malabo II, a luxurious extension of the Equato-Guinean capital, entirely built after the discovery of oil in that country considered as an important oil producer in the CEMAC region.
According to Tradex, a subsidiary of the National Hydrocarbons Corporation of Cameroon (SNH), the filing station inaugurated has a storage capacity of 100,000 liters of fuel (super and Gasoil) and 300 tanks of 12.5 kg of butane gas. The construction work was carried out by the Equatorial Guinean construction company Alammarin For Constructing SL.
PETRONAS has announced that it will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on 26 February 2021. Also included are six discovered fields to incentivise investors to undertake more extensive exploration activities within those blocks.
GeoPark announces 2020 certified 2P reserves of 175 million boe
19 Feb 2021
GeoPark, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Ecuador, Chile, Brazil and Argentina, has announced its independent oil and gas reserves assessment, certified by DeGolyer and MacNaughton (D&M), under PRMS methodology, as of December 31, 2020.
All reserves included in this release refer to GeoPark working interest reserves before royalties paid in kind, except when specified. All figures are expressed in US Dollars.
Year-End Certified 2020 D&M Oil and Gas Reserves and Highlights:
Building on GeoPark’s core base Llanos 34 block (GeoPark operated, 45% WI), adding Amerisur’s growing production and reserves, and following a limited 2020 work program with a focus on lower risk projects, the Company reports: