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Octant Energy Plans 4 wells, 2D Seismic in Kenya’s Mandera and Lamu Basin Blocks

Octant Energy which took over from Afren operated Blocks 1, L17 and L18 plans to carry on with already identified…

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Seychelles Announces Applications for 2 Blocks

PetroSeychelles has announced that it has received applications for Area A and Area B and is now inviting other interested…

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Octant Energy to Raise $10 Million To Finance Kenya, Tanzania Blocks Acquisitions

Octant Energy has announced it has entered into a term sheet with Rosseau Asset Management to proceed with a financing…

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Majority of Petroleum Rights Holding Companies in Kenya Incorporated in Tax Havens

A report by Oxfam dubbed The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights shows that all…

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Afren Receives 15 Month Extension in Kenya’s Block 1

The government of Kenya through the Ministry of Energy has granted Afren through its subsidiary East African Exploration (EAX) a…

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Afren names Alan Linn as new CEO

Afren has confirmed that Alan Linn who is currently acting as a consultant to the Board of has been appointed…

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Afren reaches preliminary agreement for interim funding and refinancing structure

Afren has said it reached an agreement in principle with certain noteholders under its 2016 Notes, 2019 Notes and 2020…

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Afren defaults on US$15m of interest due on 1 February 2015 under its 2016 Notes

Afren has announced that its board has decided, at the expiration of the 30 day grace period, not to pay…

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Afren recieves one month deferral of $50m from Ebok debt facility

Afren has announced an update regarding the review of its capital structure, liquidity and funding requirements saying it has obtained…

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Talks between Afren and SEPLAT Petroleum Development Company fail

On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company…