African Petroleum in offshore Gambia farm-out talks

Offshore staff

LONDONAfrican Petroleum has signed a letter of intent with an unnamed international E&P company.

This is a non-binding proposal concerning the possible acquisition of interests in licenses A1 and A4 offshore The Gambia. African Petroleum currently holds 100% of both blocks.

It is conditional upon confirmation of the government of an extension of the exploration periods in both cases of at least 12 months.


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