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Bomono Farm Out Extension

Source: www.gulfoilandgas.com 1/2/2018, Location: Africa

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

On 17 September 2017 VOG elected to exercise its option to extend the termination date of the Agreement to 31 December 2017.

The Company is pleased to confirm that a further extension has been agreed and discussions on the Agreement are continuing. Bowleven and VOG are working with the Government of Cameroon to advance the Bomono project.

For more information about related Opportunities and Key Players visit West Africa Projects

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

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