One-Page Deal Sheet
Westbridge Closes Acquisition of Offshore Namibia Licenses
Westbridge Energy Ropat Petroleum
Announced Date
June 27,2013
Close Date
June 25,2013
Transaction Type
Property
Asset/Basin:
{"Walvis Basin"}
Location
Region
Africa
Country
Namibia
Transaction Details: Subscribe to see
Westbridge Energy Corporation today announced that it has completed the previously announced acquisition of a 75% interest with Ropat Petroleum Investments (PTY) Ltd. ("Ropat") in the oil and gas exploration blocks 1910A Relinquished, 1911A Relinquished, 1912B and 2011A Relinquished (the "Licenses") offshore Namibia (the "Transaction”) on June 25th 2013. The Transaction increases Westbridge’s total contiguous acreage in the Walvis Basin, offshore Namibia by 284% to 22,484 square kilometers.
"Namibia is experiencing a resurgence of interest from major oil companies and junior explorers alike…
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