🎁 💸 Warren Buffett's Top Picks Are Up +49.1%. Copy Them to Your Watchlist – For FreeCopy Portfolio

BRIEF-Maersk Oil completes acquisition of East African licences

Published 2016-02-23, 04:08 a/m
© Reuters.  BRIEF-Maersk Oil completes acquisition of East African licences
MAERSKb
-
TLW
-

Feb 23 (Reuters) - Maersk Oil MAERSKb.CO :
* Says has completed the acquisition of 50 percent of Africa
Oil Corp share in three onshore exploration licences in the
Turkana region of northern Kenya and two contiguous licences in
Southern Ethiopia
* The completion of the transaction between the two
companies follows the recent approval by the Kenyan and
Ethiopian governments.
* The licences cover an area of ca. 100,000 square
kilometers and include nine recent oil discoveries, with ongoing
exploration and appraisal activities.
* Four of the blocks are operated by Tullow Oil (L:TLW) and one by
Africa Oilcompleted acquisition of 50 percent of africa oil corp
share in three onshore exploration licences in kenya

Further company coverage: MAERSKb.CO

(Copenhagen newsroom)

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.