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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.

Pancontinental Kenya L6 Clarification

Pancontinental Oil & Gas NL (“Pancontinental”) refers to the statement made by FAR Limited (“FAR”) in its quarterly report (“FAR’s Quarterly”) for the quarter ending 31 December 2015 that it has issued a default notice to Pancontinental on the asserted basis of the non-payment by Pancontinental of 2 cash calls issued during 2015 (“the 2015 Cash Calls”). Unfortunately that statement did not report the fact that those cash calls and the default notice were disputed by Pancontinental on 9 September 2015.

VAALCO Energy To Explore Strategic Alternatives

VAALCO Energy, Inc. (NYSE: EGY) ("VAALCO" or "the Company") today announced that its Board of Directors has formed a strategic committee to explore a range of strategic alternatives to further enhance shareholder value. The strategic alternatives process will explore options for the future of the Company including, but not limited to securing additional investment to support existing projects and growth opportunities, joint ventures, asset sales or farm-outs, the potential sale or merger of the Company, or continuing to pursue the Company's existing operating plan.

PetroMaroc Partners With Sound Energy plc on Sidi Moktar

PetroMaroc Corporation plc (TSX VENTURE:PMA), an independent oil and gas company focused on Morocco (the "Company" or "PetroMaroc"), is pleased to announce that it has reached a non-binding heads of agreement (the "Heads of Agreement") with a specialist Mediterranean gas company. Sound Energy plc, listed on AIM (AIM:SOU) ("Sound Energy"), under which Sound Energy partners with PetroMaroc on onshore gas licences located in Morocco (collectively, the "Sidi Moktar Licences").

3D Seismic Programme Commenced, Namibia

Chariot Oil & Gas Limited (AIM: CHAR), the Atlantic margins focused oil and gas exploration company, today announces that in conjunction with its partners AziNam (20%), NAMCOR (10%) and Ignitus (5%), it has commenced a 3D seismic acquisition survey of approximately 2,600 square km in Blocks 2312 & 2412A (the "Central Blocks") offshore Namibia. The survey is being conducted by PGS Exploration (UK) Limited and will fulfil the work commitment for the Central Blocks.

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