Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi | Mining in Malawi: "EFORA ENERGY (FORMERLY SACOIL) RELINQUISHES OIL EXPLORATION LICENCE IN MALAWI
20 February 2018 · by Rachel Etter-Phoya · in Oil & Gas, SacOil. ·
Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi
Prospecting for oil in Malawi’s northern Block 1 has not been successful. As a result, South African company Efora Energy has decided not to renew its prospecting licence.
According to JSE-listed Efora Energy, formerly trading under SacOil Holdings, the prospectivity did not meet project investment criteria. SacOil initially acquired the licence in December 2012."
'via Blog this'
20 February 2018 · by Rachel Etter-Phoya · in Oil & Gas, SacOil. ·
Efora Energy (formerly SacOil) relinquishes oil exploration licence in Malawi
Prospecting for oil in Malawi’s northern Block 1 has not been successful. As a result, South African company Efora Energy has decided not to renew its prospecting licence.
According to JSE-listed Efora Energy, formerly trading under SacOil Holdings, the prospectivity did not meet project investment criteria. SacOil initially acquired the licence in December 2012."
'via Blog this'
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