Ethiopia: Genel Energy to farm in to Adigala Block

Issue 261 - 14 Sep 2013 | 1 minute read

Genel Energy has announced that it has agreed to acquire a 40% interest in the Adigala Block in north-east Ethiopia from New Age (African Global Energy) Limited. Genel will pay a share of back costs and of a 2D seismic survey planned by year-end. New Age reprocessed 520km of existing 2D seismic in 2012 and carried out a full tensor gravity survey.

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