Gondwana Oil (CSE:GO) has announced it received a written confirmation from the Ghanaian Ministry of Mines and Petroleum that its 70% owned subsidiary Miura Petroleum has been selected to negotiate exclusively to acquire the offshore block for oil exploration.
As stated in our first blogpost about Gondwana Oil, the specific block is surrounded by major players and senior producers in the oil industry and is located just 30 kilometers away from Afren’s (LON:AFR) Jubilee oil field which produces more than 40 million barrels of oil per year. We will release an introduction report on Gondwana Oil shortly.
> Click here to read the press release
Disclosure: The author holds no position in Gondwana Oil. Gondwana is not a sponsor of the website, but we were compensated by a third party to initiate coverage. Please see our disclaimer for current positions.
