Cloudbreak Discovery PLC (LSE:CDL) told investors it is to participate in oil and gas exploration in Namibia in a venture alongside four other companies..
Cloudbreak Discovery has entered into a Mineral Application Cooperation Agreement with several companies to jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.
Cloudbreak Discovery, Gondwana Petroleum Namibia Pty Ltd., Timeworn Investments Pty Ltd., Pioneer Oil and Gas Consulting CC and a Swiss-based asset manager will jointly work towards submission of an application to acquire Petroleum Exploration License 1724 in Namibia.