news close29 May 2015 11:29
nvestors in Azonto Petroleum have seen a three-fold increase in the value this week, but at least they have some clarity as a regulatory statement confirmed there had been a large buyer in the market.
Read more: http://www.thisismoney.co.uk/money/markets/article-3014709/SMALL-CAP-MOVERS-Junior-oil-stocks-huge-price-swings.html#ixzz3bWC4dkBY
State-owned oil and gas firm CI-Energies has signed a non-binding agreement with an international company to finance, develop and operate CI-202 Block located at Grand Bassam in Côte d’Ivoire
gas-oraAzonto Petroleum is looking for strategic options to preserve shareholder value and reduce operating costs at CI-202 Block. (Image source: Hibr/Flickr)
According to CI-Energies, the environmental impact assessment report for Grand Bassam has been completed and submitted to Côte d’Ivoire Environmental Agency (ANDE) on 20 March 2015.
Formal approval from the Ministry of Environment and Sustainable Energy of Côte d’Ivoire is expected by mid-May 2015.
UK-based Azonto Petroleum is a 35 per cent shareholder in Vioco Petroleum, which holds 87 per cent of working interest in the CI-202 Block. Vitol E&P holds the remaining 65 per cent interest in Vioco Petroleum.