SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce the spud of its KSR-15 well on the Sebou area in Morocco. The well is anticipated to take 21-30 days to drill and complete.

Eland Oil & Gas PLC (AIM: ELA), an oil & gas production and development company operating in West Africa with an initial focus on Nigeria, is pleased to announce that its joint-venture subsidiary Elcrest Exploration and Production Nigeria Ltd, has successfully completed sidetrack drilling at Opuama-7.

The assets of Hess Corporation (NYSE: HES) (www.Hess.com) in Equatorial Guinea will be acquired by Kosmos Energy (NYSE: KOS) (www.KosmosEnergy.com), the Ministry of Mines and Hydrocarbons has announced. The landmark sale transfers majority ownership and operatorship of two legacy oil producing areas in the Rio Muni basin, Ceiba and Okume, to Kosmos.

The African Development Bank (AfDB) and OpenOil, a Berlin-based financial analysis firm, have jointly produced a report on how African governments use financial models to manage oil & gas and mining projects. The report was launched at the 13th Annual General Meeting of the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) in Geneva, Switzerland.

South Sudan’s first ever energy and infrastructure conference, endorsed by the Ministry of Petroleum and organized by Africa Oil & Power, launched last week and was oversubscribed by 30 percent. Four hundred delegates, including the Vice President, the Minister of Petroleum and five cabinet ministers, the presidents of all South Sudan’s joint operating companies, representatives from international oil companies CNPC, Petronas and Tullow Oil and ministerial delegations from Uganda and Sudan, attended the two-day event. Fifty speakers addressed the audience in Juba in a series of keynote speeches, presentations, workshops and panel discussions.

Further to the spud announcement on 18 September 2017, SDX Energy Inc. (TSXV, AIM: SDX), the  North Africa  focused oil and gas company, is pleased to announce that a gas discovery has been made at its KSR-14 development well on the Sebou permit in  Morocco  (SDX 75% Working Interest).

Tullow Oil plc (Tullow) is pleased to announce that it has acquired 90% stakes in four onshore blocks in Côte d’Ivoire. Petroci, the national oil company of Côte d’Ivoire, holds the remaining 10%.

Sonangol EP (www.Sonangol.co.ao), along with several oil operators, attended a meeting today convened by the President of Angola, João Lourenço.

Total and the National Office of Petroleum of Guinea (ONAP) signed a Technical Evaluation Agreement to study deep and ultra deep offshore areas located off the coast of Guinea Conakry, covering approximately 55,000 square kilometers. 

CH2M has been awarded a new marine engineering support contract on BP's innovative Tortue development offshore Mauritania and Senegal.

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce that an oil discovery has been made by the Rabul 2 Well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator).

KBR, Inc. (NYSE: KBR) announced today it has been awarded an engineering and project management services contract by JVGAS – a joint venture of Sonatrach, Statoil and BP – for the provision of engineering, procurement and construction management services in Algeria. 

On 6 March 2017 Victoria Oil & Gas Plc, a Cameroon energy utility, announced that the Company and Bowleven Oil & Gas Plc (“Bowleven”), the African focused oil and gas exploration company, had signed a farm-out agreement (“the Agreement”) relating to the Bomono production sharing contract.

The International Monetary Fund recently stated that the oil reserves in Uganda may account for around four percent of the country’s economy annually in the next few years if managed well. 

Following the drilling update of 17 August 2017, Victoria Oil & Gas Plc is pleased to announce successful flow tests and first production gas from the Logbaba La-107 well. The well reached target depth of 3,180m, the base of the Logbaba Formation, encountering a total of 58m of net gas bearing sands in the Upper and Lower Logbaba Formations.