Gulf Oil and Gas accountACCOUNT

Brenham Receives an Invitation to Negotiate in Equatorial Guinea

Source: www.gulfoilandgas.com 1/4/2012, Location: Africa

Brenham Oil & Gas Corp., (Brenham), a subsidiary of American International Industries, Inc., (American), announced that it received letters of invitation from the Government of Equatorial Guinea in West Africa to propose and negotiate the terms and conditions for multiple deepwater exploration blocks. Four other companies were also identified in the letters as participating in the proposal and negotiations together with Brenham. The Equatorial Guinea area was highlighted by Brenham’s Rog Hardy, as part of the Company’s ongoing review of seismic and well data in Sub-Saharan Africa.

Mr. Hardy, Brenham Vice President Technology and geologist, stated, "In a review of available data, we have identified a trend with attributes in Equatorial Guinea’s offshore waters similar to those of recent significant discoveries and producing fields in Equatorial Guinea."

Scott Gaille, Brenham’s President, stated, "The discussions with the Government of Equatorial Guinea represent Brenham’s ongoing technical and commercial efforts to identify untapped exploration potential in Africa by comparing data from successful discoveries to data from unexplored areas."

Mr. Gaille further stated, "Brenham’s business model is to initially acquire oil development and production assets in the U.S. and then to follow these with a portfolio of international exploration prospects. While there can be no assurance that Brenham will be able to successfully conclude the concession acquisitions, our work in Equatorial Guinea reflects Brenham’s continuing efforts to enter into African exploration, development and production."

Acquisitions and Divestitures News in Equatorial Guinea >>

Russia >>  7/22/2019 - PAO NOVATEK announced the closing of the sale of participation interests in Arctic LNG 2 Project (“Project”) to wholly owned subsidiary of China Nati...
Brazil >>  7/19/2019 - Petrobras informs that the company Trident Energy presented the best final offer in a competitive process for the acquisition of the totality of the c...

Colombia >>  7/19/2019 - Amerisur Resources Plc, the oil and gas producer and explorer focused on South America, announces that following the receipt of interest in the Compan...
Russia >>  7/19/2019 - Gazprom Neft and SIBUR have consolidated 100 percent of the charter capital in the Poliom LLC polypropylene plant in Omsk, with the Gazprom Neft—SIBUR...

Brazil >>  7/18/2019 - Ecopetrol S.A. reports that the Ministry of Mines and Energy of Brazil has authorized the transfer of a 10% stake in the Saturno block, located in the...
Indonesia >>  7/18/2019 - Coro Energy, the Southeast Asian focused upstream oil and gas company, has renegotiated the terms of the proposed acquisition by the Company of a 42.5...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Equatorial Guinea Oil & Gas 1 >>  2 |

Oil & Gas Projects in Equatorial Guinea >>

More News

Related Links

AO BJ BW CD CG CI CM DZ EG EH ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.