Petroleum Africa
Find us on: 
Friday, November 8, 2013
Lekoil reoprted that further to its fund raising announcement on October 31, that it is currently in discussions with Panoro Energy with regards to securing its final payment for the Aje Field acquisition. The deadline for the final payment was November 6 and Lekoil is trying to get the deadline extended to November 25.
Lekoil is required to make the final outstanding payment of around $27 million to Panoro in order to complete the acquisition. The company said that while it is hopeful that an extension will be agreed to, Panoro has the right to call the bid bond in and terminate the agreement for the Aje acquisition until such time as an extension is formalized.
" alt="First LNG Realized at the Greater Tortue Ahmeyim Project">
" alt="United Energy Acquires Western Desert Producer APEX">
" alt="Baker Hughes Announces Major Gas Technology Orders for Venture Global LNG">
" alt="ReconAfrica: Naingopo Results Demonstrate a Working Petroleum System">
" alt="Tullow Highlights 2025 Operational Plans in Ghana">
" alt="TotalEnergies to Supply 1.5 TWh to STMicroelectronics in France Over 15 years">
" alt="Rockhopper Reaches Final Settlement with United on Egypt’s Abu Sennan Concession">
" alt="Oil & Gas Crucial for African Growth: AEC Calls for Industry Support to Defend African Market">
