Leading energy website Upstream this week reported that TotalEnergies has hit reservoir with a critical appraisal well on its Venus-1A oil discovery, quoting a source saying that.
Impact Oil & Gas has successfully raised US$95 million through an Open Offer to existing shareholders. The capital raised shall be used, through its wholly owned subsidiary, Impact Oil and Gas Namibia, to fund Impact’s participating interest share of the multi-well drilling programme in Namibia to further evaluate and appraise the Venus discovery; a world class, light-oil and associated gas field announced in February 2022.
Impact Oil & Gas has announced the imminent commencement of a multi-well drilling programme in Namibia, following the Venus light oil discovery in Block 2913B (PEL 56).
Impact Oil & Gas, a privately-owned, Africa-focused, exploration company, has announced an Open Offer to existing shareholders to subscribe for new Ordinary shares in the Company, to raise up to $60 million. The capital raised shall be used towards funding Impact’s participating share of the Venus appraisal programme, in Blocks 2913B, offshore Namibia.