HCI partner targets up to R1bn for oilfield drilling in Namibia
Impact Oil & Gas wants further appraisal of wells as leaked reports show they could contain at least 3-billion barrels
18 July 2022 - 20:37
Impact Oil & Gas, which is nearly half owned by Hosken Consolidated Investments (HCI), announced on Monday it is looking to raise up to $60m (R1bn) from existing shareholders for further drilling to value the oilfield off the coast of Namibia.
HCI, a company better known for its holdings in Tsogo Sun, coal and platinum mining, gambling and Golden Arrow buses, also owns 49.2% of London-based Impact, an oil exploration company. ..
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