OIL&GAS: San Leon Energy has a 10% stake (acquired 2016) in OML18 —“an area larger than the country of Bahrain”, near PH. It also recently announced an investment (debt + equity) in Decklar Petroleum, which has interests in Oza marginal field (in Abia), a part of OML11. #Nigeria
It seems like there’s some renewed interest (by smaller companies) and small-to-medium-scale investment inflows in recent years into the Niger Delta. Here’s an August 2020 announcement of $26m investment by Decklar to restart production in the Oza field:
And it’s not just in oil exploration. Modular Refineries as well - hundreds od millions of dollars in investment inflows in the last three to four years, to develop Modular Refineries across the Niger Delta.
San Leon’s Nigeria page: sanleonenergy.com/assets/nigeria/
And then let’s move to the other end of the energy spectrum, hehe, there’s the (new?) TSX-listed-Cos interest in renewables (hydropower plants) in Nigeria. Did a thread on it a couple of months ago:
[Decklar’s parent company is TSX-listed by the way].
“Africa has a lot of outstanding opportunities. There are only two great places to be looking in unproven basins—Russia and Africa. Africa is probably the greatest frontier." - Keith Hill, president/CEO, Africa Oil Corp — which recently acquired Nig assets petroleum-economist.com/articles/upstr…
Jan 2020: “Africa Oil has concluded its acquisition – worth $519.5 million – for a 50% ownership interest in Petrobras Oil and Gas BV (POGBV). POGBV’s primary assets are an indirect 8% interest in oil mining lease (OML) 127 and 16% interest in OML130.” africaoilandpower.com/2020/01/27/afr…
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