#odewayne block

2D seismic commences on the Odewayne & SL-10B/13 Blocks, Somaliland

Odewayne and SL-10B/13 Blocks operator Genel Energy has said that 2D seismic acquisition project commenced in March as part of a Somaliland government owned speculative 2D seismic acquisition project and in line with former announcements.

The joint venture partners on the block Genel Energy, Sterling Energy and Petrosoma will purchase the associated data from the government.

The government’s…

Sterling Energy Revises Farmout Agreement For Odewayne Block, Somaliland

Sterling Energy has announced that it has agreed with Petrosoma Limited to revised terms of the Farmout Agreement between Sterling Energy (East Africa) Limited (SEEAL) and Petrosoma dated October 2013. The revised terms will reduce the amounts due by SEEAL to Petrosoma and reduce SEEAL’s interest in Odewayne by 6%.

Pursuant to the Farmout Agreement, SEEAL purchased a 10% interest in the Odewayne…

Jacka Resources planning farm-out in Tanzania ahead of seismic in 2015

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Jacka Resources has announced that it will be farming out  its Ruhuhu block ahead of its planned seismic acquisition in the first half of 2015 according to the company’s latest corporate presentation.

The company is already carrying out early stage exploration on the block with a depth to basement map derived from an airborne magnetic survey showing a rift basin structure.

In…

Jackal Resources executives to leave in Q4 2014

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Jackal resources, a company with core focus is in North Africa, West African Transform Margin and East Africa rift basins has announced that the managing director and the chief financial officer have tendered their resignation effective in September and October respectively.

The chief financial officer Richard Aden’s resignation takes effect from 30th September same time as…

Sterling Energy announces completion of farm-in to Odewayne Block

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Sterling Energy has announced that completion has now occurred under the Farmout Agreement with Jacka Resources Somaliland for the acquisition of an additional 15% interest in the Production Sharing Contract (PSC) for the Odewayne Block, located onshore in the Republic of Somaliland.

The holders of the PSC are now: Genel Energy Somaliland Limited (Operator) 50%, Sterling…