Tuesday, June 17, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Sintana Energy Joins Two Blocks in Orange Basin Offshore Namibia

Simon Osuji by Simon Osuji
June 10, 2024
in Business
0
Sintana Energy Joins Two Blocks in Orange Basin Offshore Namibia
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter



Jun 10, 2024

© bomboman / Adobe Stock


© bomboman / Adobe Stock

Oil and gas company Sintana Energy has completed the acquisition of shares in Giraffe Energy Investments, securing a stake in two blocks in the Orange Basin, offshore Namibia.

Sintana Energy has closed the previously announced acquisition of an initial 49% interest in Giraffe Energy Investments for cash consideration of $2 million.

According to Sintana Energy, it also retains an option to increase its ownership up to 67% of Giraffe anytime over the five years following closing based on the shares issued and outstanding at the time of the option exercise for an additional cash payment at the time of exercise of $1 million.

Giraffe is the owner of a 33% interest in Petroleum Exploration License 79 (PEL 79) which governs blocks 2815 and 2915 located inboard of blocks operated by BW Energy, Rhino Resources and Shell.

The National Petroleum Corporation of Namibia is currently the operator with a 67% interest in PEL 79.


Source link

Related posts

Safaricom Sponsors Kipkemboi Film – Africa Business News

Safaricom Sponsors Kipkemboi Film – Africa Business News

June 16, 2025
Nigeria moves closer to acquiring 12 US-made AH-1Z viper attack helicopters

Nigeria moves closer to acquiring 12 US-made AH-1Z viper attack helicopters

June 16, 2025
Previous Post

Petrol prices in Nigeria to drop to N300 if the government cooperates with Dangote

Next Post

Who’s Afraid of 'Skibidi Toilet'?

Next Post
Who’s Afraid of 'Skibidi Toilet'?

Who’s Afraid of 'Skibidi Toilet'?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Battling Boko Haram Factions May Hinder Islamic State Group’s Plans

Battling Boko Haram Factions May Hinder Islamic State Group’s Plans

1 year ago
The Biggest US Banks Have All Backed Out of a Commitment to Reach Net Zero

The Biggest US Banks Have All Backed Out of a Commitment to Reach Net Zero

3 months ago
Tips and Tricks to Manage Employees Remotely

Tips and Tricks to Manage Employees Remotely

2 years ago
Netherlands to Donate YPR Armored Vehicles to Ukraine

Netherlands to Donate YPR Armored Vehicles to Ukraine

4 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.