Thursday, June 11, 2009

African oil corp/ EAX Kenya oil exploration Deal

"Oil exploration activity in Eastern Africa hit a notch higher on Monday [June 1, 2009) after two international exploration firms, signed joint venture agreements to explore black gold in the arid northern Kenya region and parts of Ethiopia."

Africa Oil Corp- a Canadian oil and gas company with interests in exploration licenses in Puntland, Somalia- signed an agreement to jointly seek for oil and gas resources in Kenya’s Anza basin with oil exploration firm, East Exploration Limited (EAX). (EAX) is a wholly owned subsidiary of Black Marlin Energy who run offices in Mombasa, Dar es Salaam, Antananarivo and the UK from their headquarters in Dubai.

Read more here...

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