Hunt Oil Company, through its wholly owned subsidiary Namibia Hunt Oil Company, signed a Petroleum Agreement with Namibia. The agreement gives Hunt the right to carry out petroleum exploration and production operations in Luderitz Basin Offshore Area Namibia in partnership with NAMCOR, the state oil company. The agreement covers approximately 38,322 square kilometers (approximately 9,500,000 acres) in the Luderitz Basin Offshore Area.
