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Acquisitions and Divestitures News

Brownstone & Quetzal to Acquire Interest in New Llanos Basin Block
Colombia >> 1/20/2010 - Brownstone Ventures Inc and Quetzal Energy Inc are pleased to announce that they have entered into an assignment agreement with private company, Fenix Energy Inc. ("Fenix"), to acquire 100% of Fenix's...
Otto, BHPB Entered into Farm in Option Agreement
Philippines >> 1/15/2010 - Otto Energy Limited advises that it has entered into a seismic acquisition and farm in option agreement in respect to its SC55 permit in the Philippines with BHP Billiton (BHPB). ...
Dragon to Acquire 50% Working Interest in Kom Ombo
Egypt >> 1/13/2010 - Sea Dragon Energy Inc announces that its wholly owned subsidiary, Sea Dragon Energy (Kom Ombo) Ltd. has signed a Farm-out Agreement with Dana Gas Egypt Ltd. (“DGE”) pursuant to which Sea Dragon will a...
Cove Energy Completes Mozambique Offshore Farm-in
Mozambique >> 1/5/2010 - Cove Energy plc, the AIM quoted upstream oil and gas company, is pleased to announce that following the receipt of the consent of the Government of the Republic of Mozambique, as represented by the Mi...
Quetzal & Brownstone Enter Agreements in Llanos Basin
Colombia >> 1/4/2010 - Brownstone Ventures Inc and Quetzal Energy Inc are pleased to announce that they have entered into definitive participation agreements with Montecz S.A and Asetz Energy Corporation governing their int...
Universal Completes the Purchase of Block 2815
Namibia >> 12/31/2009 - Universal Power Corp announced that it has completed the purchase of an additional 60% interest in Petroleum Exploration Licence (“EL”) 2815 offshore Namibia subject to TSX Venture Exchange approval. ...
Africa Oil Farm-outs Receive Government Approvals
Kenya >> 12/23/2009 - Africa Oil Corp is pleased to announce that the Company has received all requisite government approvals from the Republic of Kenya, the Federal Democratic Republic of Ethiopia and the State of Puntlan...
Premier Completed Sale of Its Interest in Egypt
Egypt >> 12/23/2009 - Premier confirms that it has completed the sale of its 10% interest in the NW Gemsa permit in Egypt to Sea Dragon Energy Inc. The consideration was US$14.8 million after adjustments for working capita...
Cove Energy Completes Mozambique Onshore Farm-in
Mozambique >> 12/23/2009 - Cove Energy plc the AIM quoted upstream oil and gas company, is pleased to announce the receipt of all necessary consents and approvals including the consent of the Government of the Republic of Mozam...
Solo Oil Completes Farm-In Conditions With Aminex
Tanzania >> 12/15/2009 - Solo Oil Plc announces that the conditions for completion of its farm-in with Aminex PLC for a 12.5% interest in the Likonde-1 well on Aminex’s Ruvuma Basin PSA in southern Tanzania have now been met ...
Total Acquires a 25% Interest in the Guyane Maritime Permit
French Guiana >> 12/8/2009 - Total announces the acquisition of a 25% interest in the Guyane Maritime Permit from Hardman Petroleum France SAS, an affiliate of Tullow Oil plc. The permit, located about 150 kilometres off the coas...
Quetzal & Brownstone Enter Agreement on Llanos Block 27
Colombia >> 12/3/2009 - Brownstone Ventures Inc and Quetzal Energy Inc are pleased to announce that they have entered into a definitive participation agreement (the "Participation Agreement") with Montecz S.A. ("Montecz") an...
Lundin Enters into Farm-Out Agreement for Rangkas
Indonesia >> 11/27/2009 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Rangkas B.V has entered into a farm-out agreement with Tap Energy (Rangkas) PTY LTD ("Tap"), a subsidiary of Tap Oil ...
Pacific Asia Signs Sale Agreement for Oyo Field
Nigeria >> 11/23/2009 - Pacific Asia Petroleum, Inc., a US-based energy company engaged in the development, production and distribution of oil and gas, announced that it has signed a Purchase and Sale Agreement with CAMAC En...
Urals Announced Divestiture of Taas to Sberbank
Russia >> 11/19/2009 - Urals announces the signing of the previously approved divestiture agreement between Sberbank and Urals in relation to the Company’s stake in OOO Taas Yuriakhnefegazodobycha ("Taas"). ...
Aminex Farm-Out Of Interest in Ruvuma Basin Well
Tanzania >> 11/16/2009 - Aminex PLC ("Aminex") announces that it has farmed out a 12.5% interest in the Likonde-1 well in Tanzania to Solo Oil PLC ("Solo"). Likonde-1 is the first well scheduled to be drilled on Aminex's Ruvu...
ROC Oil Farms-Out Cabinda Onshore Block to Cupet
Angola >> 11/3/2009 - Lacula Oil Company Limited, a wholly owned subsidiary of ROC, has agreed to farm-out a 5% interest (6.25% paying interest) in the Cabinda Onshore South Block, Angola to Cuba Petroleo ("Cupet"), Cuba's...
Mart Terminates Arrangement with Westfield E & P
Nigeria >> 11/2/2009 - Mart Resources, Inc. announces that it has terminated the Arrangement Agreement with Westfield Exploration and Production Limited and its wholly owned Canadian subsidiary, Westfield Oil Holding Limite...
BP to Farm into Risha Concession in Jordan
Jordan >> 10/26/2009 - BP announced that it is to join Jordan’s state-owned National Petroleum Company (NPC) to exploit the onshore Risha concession in the north east of the country. ...
Kairiki Secures Farm-Out to Trafigura for SC 54A
Philippines >> 10/22/2009 - Kairiki Energy Limited has achieved a significant milestone in the development of the Tindalo project after its wholly-owned subsidiary Yilgarn Petroleum Philippines Pty Ltd entered into an agreement ...

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