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farrell90

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Friday, 07/01/2022 2:57:50 PM

Friday, July 01, 2022 2:57:50 PM

Post# of 7222
Impact Oil & Gas prepares to sell stake in Namibian offshore block

LONDON, June 6 (Reuters) - Impact Oil & Gas is considering selling its 20% stake in a large block in deep water off the coast of Namibia where TotalEnergies (TTEF.PA) made a significant oil discovery this year, four industry sources told Reuters.

Impact, which is privately owned and focused on exploration in Africa, has hired investment bank Jefferies to prepare a sale process for its stake in Block 2913B, which is estimated to be worth $500 million to $1 billion, the sources said.

https://www.reuters.com/markets/europe/impact-oil-gas-prepares-sell-stake-namibian-offshore-block-sources-2022-06-06/

GLTA, Farrell
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