Exploration company Impact Oil and Gas, half-owned by JSE-listed Hosken Consolidated Investments (HCI), has struck a deal with giant TotalEnergies, allowing it to keep half its stake in two Namibian deep-sea fields and benefit from oil flow in a number of years’ time. 

The deal, probably struck partly by SA’s Johnny Copelyn, CEO of HCI, was “very smart”, said Piet Viljoen, executive director of Merchant West Investments...

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