Categories
3. Read Recent News Business

Brenham Oil & Gas invited to negotiate PSCs in Equatorial Guinea – posted by www.equatorialguineaonline.com

posted by www.equatorialguineaonline.com

 January 12, 2012

  • 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.

Brenham Oil & Gas Corp, a subsidiary of American International Industries, 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.’

Leave a Reply

Your email address will not be published.