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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 drill ready prospects in the three blocks as well as … Read More

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 parties wishing to submit competing applications for the two areas … Read More

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 of up to USD$10,000,000 through the issuance of secured convertible … Read More

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 but five companies that hold petroleum exploration rights have at … Read More

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 15 month extension to the current Second Additional Exploration Period … Read More

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 plc (Seplat) regarding a possible combination with Afren. Seplat was … Read More

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