EnerGulf employs wait-and-see approach on block 1711 find
Wednesday, 29 July 2009 22:30
AMERICAN oil and gas exploration company, EnerGulf Resources, says it would honour the option of paying a 100% of its share in the exploration tests conducted in Block 1711 off the Namibian coast that recently reported a 14-trillion cubic feet gas discovery.
CANADIAN uranium exploration company Pacific Bay Minerals have acquired the services of veteran journalist and former public relations practitioner Peter Mietzner to spearhead the activities of its newly established Namibian subsidiary PBM Explorations, as the company seeks to join the hunt for new uranium deposits in the country.
THE Central Government’s external debt has declined marginally by at least 1.2% to N$3.6 billion at the end of the last quarter due to the repayment of some loans and the appreciation of the South African Rand to which the Namibia dollar is pegged against some major foreign currencies.