Petroleum Africa
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Friday, July 26, 2013
Despite the less than successful wells drilled off the coast of Namibia, companies holding acreage there are still keen on the country’s oil prospects. Westbridge Energy Corp. said that while no hydrocarbons were found in the latest well drilled by HRT, the Murombe-1, upcoming planned wells will “allow for explorers to soon crack the petroleum system code.”
The company said it was encouraged by the continued interest of super majors, majors and independents in Namibia. In July 2013, Repsol and Tower Resources announced the planned drilling of their Welwitschia-1 prospect in February 2014. The Repsol/Tower Resources acreage is contiguous to Westbridge’s acreage in the Walvis Basin. HRT has indicated the continuation of its drilling campaign by drilling its third exploration well in the Orange Basin.
Westbridge also revealed that it has retained Translloyd Consulting GmBH to assist it with marketing and investor relations advisory services in Canada and Europe. Translloyd Consulting GmBH will assist Westbridge with expanding its shareholder base, particularly in Germany, which has a large following of resource projects in Namibia due to past interests and current ties to Namibia. The initial term of the agreement with Translloyd Consulting GmBH will be for three months with an option to renew.
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