Few companies are paying down debt while staying bullish on exploration plans, but Africa Oil is an exception.
Frontier Energy has gone online with its highly regarded Africa E&P Summit, due to take place on September 16 and 17.
Africa Oil has received its first dividend from its recently acquired Nigerian assets and has directed the cash to pay down a loan.
Eco Atlantic Oil & Gas said today that the Orinduik block offshore Guyana could contain more than 1billion barrels of oil.
Exploration and production company Eco Atlantic has cleared another hurdle on its way to drilling a well off the coast of Namibia.
Subsidiary of oil giant agrees option to acquire a 25% working interest in the Guyana-Suriname basin with Eco Atlantic Inc. (Eco Guyana).
Tullow and Eco Atlantic will develop the Orinduik block, offshore South America after agreeing a deal with the Guyanan government.