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Acquisitions and Divestitures News

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...
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 ...
Lukoil Commissions New Tank Farm in Yekaterinburg
Russia >> 10/19/2009 - Vagit Alekperov, President of LUKOIL, and Eduard Rossel, Governor of Sverdlovsk region, have participated in the ceremony dedicated to commissioning of the Company’s new petroleum tank farm in Yekater...
Houston American Announces Completion of New Farmout
Colombia >> 10/16/2009 - Houston American Energy Corp announced that it has finalized a Farmout Agreement and Joint Operating Agreement with SK Energy Co. LTD. (“SK”) for the right to earn an undivided twenty five percent (25...
AuDAX Signs LOI with DNO for Chorbane Permit
Tunisia >> 10/16/2009 - AuDAX Resources has announced that it signed a Letter of Intent (LoI) with DNO International for participation in exploration of the Chorbane onshore permit in Tunisia. AuDAX is the operator and holds...
Sky Enters into a Letter of Intent with Suntera
Nigeria >> 10/14/2009 - Sky Petroleum, Inc., an oil and gas company is pleased to announce that it has entered into a non-binding letter of intent to invest in and acquire Suntera's interests in two onshore oil & gas blocks ...
Brownstone Announces Colombian Agreement
Colombia >> 10/5/2009 - Brownstone Ventures Inc is pleased to announce that it has entered into several assignment agreements with private company, Fenix Energy Inc. ("Fenix"), to acquire 50% of Fenix's interests in three bl...
OGX Acquires Interest in 7 Blocks in the Parnaiba Basin
Brazil >> 9/24/2009 - OGX announces the acquisition, through its subsidiary OGX Petoleo e Gas Ltda., of a 70% participation interest in seven onshore exploratory blocks located in the Parnaiba Basin, in the state of Maranh...
Lundin Enters Into Farm-Out Agreement for Rangkas
Indonesia >> 9/17/2009 - Lundin Petroleum AB is pleased to announce that its wholly owned subsidiary Lundin Rangkas B.V has entered into a farm-out agreement with Carnarvon Petroleum (Indonesia) PTY LTD ("Carnarvon"), a subsi...
Artumas Executes Farm Out of Mozambique & Tanzania
Tanzania >> 9/17/2009 - Artumas is pleased to announce that the farm out of its Mnazi Bay Production Sharing Agreement (PSA), its Area 1 Offshore Rovuma Block and its Onshore Rovuma Block as referenced in its press releases ...

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