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Forte Oil considers delisting from NSE as takeover stalls

According to reports, Forte Oil Olc is planning to delist its shares from the Nigerian Stock Exchange, NSE, following the takeover offer by Ignite Investments and Commodities Limited to other existing shareholders. Sources have revealed to Financial Vanguard that the proposed takeover bid is to enable it acquire controlling stake in Forte Oil…

Optimum Petroleum, Lekoil progressing towards two-well program at Ogo discovery

Optimum Petroleum and Lekoil have reached a resolution on the appraisal and development program at the Ogo discovery located in OPL 310 block offshore Nigeria. This, is however subjected to receiving an extension of the OPL 310 license from the Ministry of Petroleum Resources for the Block and the companies securing the necessary funding for the…
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