UHIC seeks investors for ‘bigger-than-expected’ Chad development


Issue 279 - 13 Jun 2014 | 3 minute read
Canada’s United Hydrocarbon International Corporation (UHIC) says exploration drilling in H1 has revealed bigger-than-expected reserves in its Doba Basin Block and it is about to seek funding or a farm-in partner. Vice-president capital markets Frederick Kozak told Global Pacific & Partners’ Africa Independents’ Forum in London on 3 June that the company would make an announcement “in the next couple of weeks” on the hiring of an investment bank to oversee the process. UHIC began its drilling programme on 3 January, and has so far drilled a successful development well at Belanga-1A and exploration well at Belanga North-1, as well as a dry hole with the Toura-1 exploration well.

Tagged with:

Pin Chad

Want to read more?

Medium article

£9

(Access to one African Energy article)

Subscribe to African Energy

View subscription options

Don't have an account?

Register for access to our free content

An account also allows you to view selected free articles, set up news alerts, search our African Energy Live Data power projects database and view project locations on our interactive map

Register

Transmission and interconnections – towards a Continental System Master Plan

Africa Investment Exchange (AIX) power transmission event

6 December 2022, online

This online roundtable will evaluate progress towards a Continental System Master Plan for transmission infrastructure and cross-border interconnections and consider the impact which this plan will have on African electricity supply industries.

The roundtable is part of the monthly AIX membership programme and will be chaired by African Energy's John Hamilton with contributions from guests.

Book your ticket here

The meeting is free for all AIX members and African Energy subscribers.