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Heirs Holdings Expands Oil and Gas Portfolio : Sierra Leone Concord Times


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Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent
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Lagos, Nigeria, January 15, 2021
 – Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, Total E&P Nigeria Limited and ENI. In addition, TNOG Oil and Gas Limited will have sole operatorship of the asset. ....

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Heirs Holdings Significantly Expands Oil and Gas Portfolio

- Acquires 45% of OML 17 from Shell, Total and ENI - Existing Production Capacity of 27,000 barrels of oil equivalent per day Estimated 2P Reserves of 1.2 billion barrels of oil equivalent - Estimated Additional 1 billion barrels of oil equivalent of further exploration potential [Heirs Holdings](http://heirsholdings.com/) (“HH”) (www.HeirsHoldings.com), the leading African strategic investor,…… ....

Existing Production Capacity , Estimated Additional , இருக்கும் ப்ரொடக்ஶந் திறன் ,