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Leading South Africa B-BBEE petroleum company Masana brings on new investors to the table

Masana Petroleum Solutions has completed a transaction with a new Broad Based Black Economic Empowerment (B-BBEE) consortium that will see the new partners acquire a 35% stake in the business after two of its founding shareholders exercised their right to realise their value in the company.

Positive Development Well results boosts Production from NW Gemsa, Egypt

SDX Energy Inc. (“SDX” or the “Company”) (TSX VENTURE: SDX), an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce the Al Amir SE 23 development well in North West Gemsa, has encountered significant oil bearing reservoir sections in both the Kareem Rahmi and Shagar formations and will be completed as a producer in the Shagar.

Hon. Irene Muloni – Uganda Minister of Energy & Other Regional Petroleum Ministers and Directors to Participate in Houston, Sub-Saharan Africa Oil Conference

Energy & Corporate Africa, organizers of the annual Sub-Saharan Africa Oil and gas conference are happy to announce that Hon. Eng. Irene Nafuna Muloni, Ugandan Minister of Energy & Minerals Development amongst other energy ministers from the region and directors of petroleum directorates will be the prime time keynote speaker for this year’s 9th Annual Sub-Saharan Africa Oil & Gas Conference scheduled for April 27 -28, 2016 at the Marriott Westchase Houston.  

Oceaneering Announces Early Vessel Termination with BP in Angola

Oceaneering International, Inc. ("Oceaneering" or the "Company") (NYSE:OII) announced today that a unit of BP p.l.c. ("BP") (NYSE:BP) has exercised its right, under the Field Support Vessel Services contract that was entered into with the Company for work offshore Angola, to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016. Prior to this notice, the work was scheduled to extend through the end of January 2017.

Aminex Kiliwani North Update

Aminex PLC (“Aminex” or “the Company”) updates shareholders that the Kiliwani North-1 well is currently undergoing final well integrity testing prior to first production. This follows the signing of a Gas Sales Agreement (“GSA”) in January. The gas price agreed of $3.00 per mmBTU, approximately $3.07 per mcf, is indexed-linked to the US CPI and not reliant on global oil prices. The Company will be paid in US Dollars for all produced gas including commissioning and testing gas.

Bowleven Update on Proposed Acquisition of Licence Interests in Tanzania

Bowleven, the Africa focused oil and gas exploration group traded on AIM, announces that, further to the announcement of 19 November 2015, it has decided not to pursue its interest in the proposed acquisition from Aminex PLC of a 25% interest in the Kiliwani North Development Licence and a 50% interest in the Ruvuma PSA, in Tanzania, following the completion of due diligence.


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