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Kifaru-1 Drilling Update - February

Wentworth, the Oslo Stock Exchange (OSE: WRL) and AIM (AIM: WRL) listed independent, East Africa-focused oil & gas company, today provides an update on the Kifaru-1 exploration well in the Rovuma Onshore Concession in northern Mozambique, further to the Company's announcement on 15 January 2015 that drilling operations had begun. 

2D 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 2D seismic acquisition survey of approximately 1,700km in the Central Blocks 2312 & 2412A offshore Namibia, conducted by SeaBird Exploration.

Oil & Gas Explorers Need to Rethink their Capex on Exploration Activity in Africa

Oil & gas explorers must rethink their capital expenditure on exploration activity across the African continent in the wake of the significant drop in the global oil price, according to an analysis on the oil & gas industry in Africa released by PwC today (http://www.pwc.com). “Oil & gas explorers will be relooking at their budgets and deciding where to allocate their limited capital spend given the substantial decline in the oil price. Overall, low oil prices could have an impact on production undermining certain players in the market,” warns Chris Bredenhann, PwC Africa Oil and Gas Advisory Leader.

Seven Energy Wins Indigenous Firm of the Year Award

Seven Energy International Limited (“Seven Energy”), the indigenous Nigerian oil and gas development, production and gas distribution Company has emerged as the winner of the Indigenous Firm of the Year Award, conferred by the Petroleum Africa magazine. The award is given in recognition of Africa’s indigenous Oil and Gas Companies for their investment and involvement in upstream, midstream and downstream operations.

VAALCO Energy Announces Strong Results of the Etame 10-H Well

VAALCO Energy, Inc. (NYSE: EGY) today announced first production from Etame 10-H, the second development well drilled from the newly installed Etame platform, offshore Gabon.  The horizontal development well was drilled to a Measured Depth (MD) of 3,144 meters while intersecting over 180m of high quality reservoir within an oil-bearing portion of the Gamba Sand.  Following completion operations, the well was tested at the rate of approximately 3,200 BOPD on a gross basis with negligible amounts of water and no hydrogen sulfide (H2S).  The well is currently being produced at approximately 3,000 BOPD.

CAMAC Energy Completes 2D Seismic Acquisitions in Kenya

CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT: CAK) announced today the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in the Republic of Kenya. The 2D seismic program was conducted by BGP Kenya Limited (“BGP”) and covers approximately 700 line kilometers on L-1B and 325 line kilometers on L-16. 

Eco Atlantic Receives Namibia Ministry Of Mines And Energy Approval And Completes Farmout Transaction

Eco (Atlantic) Oil & Gas Ltd. (“Eco Atlantic” or the “Company”) (TSX-V:EOG, NSX:EOG) is pleased to announce that further to its Press Release dated January 5th, the Company through its wholly-owned subsidiary, Eco Oil and Gas (Namibia) (Pty) Limited, has received all regulatory approvals from the Ministry of Mines and Energy of Namibia and has completed the transaction pursuant to the Amended and Restated Farmout Agreement (the “Agreement”) with AziNam Limited (“AziNam”), amending and restating the terms of the farmout agreement dated April 12, 2012, among the parties.

Kiliwani North Development Licence Sale Update

Further to the Company’s 14 October 2014 announcement, regarding a binding agreement to sell up to 13% of Kiliwani North Development Licence (“KNDL”) to Solo Oil plc (“Solo”) for a total consideration of US$7,000,000, the Board of Aminex is pleased to inform shareholders that Solo and Aminex (the “Companies”) have now signed the Asset Sale Agreement for the first 6.5% interest and the only conditions precedent remaining are the formal approval by the Tanzanian Authorities, which both Companies expect to receive shortly, and the formal signing of the Asset Assignment Agreement by all partners.

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