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#AEW2023 Farmout Forum Connects Investors to African Blocks

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2 years ago

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African Energy Week

Financial services company Moyes & Co, global acquisition and divestment advisor Envoi, and oil and gas deal listing platform FarmoutAngel hosted the African Farmout Forum at this year’s African Energy Week conference

CAPE TOWN, South Africa, October 18, 2023/APO Group/ — 

The African Energy Week (AEW) 2023 conference and exhibition – organized by the African Energy Chamber (http://www.EnergyChamber.org) – is centered on facilitating investment across the entire African energy value chain. This year’s conference featured the inaugural African Farmout Forum, a dedicated investment platform spearheaded by financial services company Moyes & Co; global acquisition and divestment advisor Envoi; and oil and gas deal listing platform FarmoutAngel.

The Farmout Forum served as a premier platform to sign deals while gaining first-hand insight into emerging E&P opportunities in Africa. Mike Lakin, Managing Director of Envoi, kicked off the forum by stating, “We will have a major problem in the world if we are not drilling.” Presentations were delivered on various exploration opportunities.

PetroQuest: Somalia

PetroQuest is offering an investment opportunity for three blocks – PSA Blocks 131, 190 and 206 – offshore Somalia. Somalia has only had two deepwater wells drilled to date. PetroQuest has 15,000 km² of seismic data; a new Production Sharing Agreement has been set up and the company is now looking for suitable partners.

Tower Resources: Cameroon

Representing a short-cycle opportunity, Tower Resources presented on the Thali Block located in the Rio del Rey Basin in Cameroon. The appraisal well will be drilled next year which aims to unlock the opportunity to drill a further three wells. Tower Resources is targeting first production at 2025.

Tower Resources: Namibia

In Namibia, Tower Resources offers an opportunity for Blocks in the Northern Walvis and Dolphin Graben Basin. Wells have been drilled at the basin, but previous activities were conducted between 25 and 30 years ago. While the company is not ready to farmout yet, Tower Resources is looking at engaging with prospective companies.

ProdOil: Benin

Angolan company ProdOil is exploring onshore Angola in the Lower Congo Block. Awarded to ProdOil in a bid round closed in 2022, work is underway to reprocess 2D seismic data and the company is looking for someone to take on the work commitment.

Atlas Oranto Petroleum International: Senegal

Atlas Oranto holds two licenses in Senegal, Cayar Shallow and St. Louis Shallow, adjacent to one another. The company is seeking to farm-down interest in those two licenses and believes that it is a highly attractive opportunity. The licenses have been extended to 2026.

Atlas Oranto Petroleum International: Equatorial Guinea

Atlas Oranto is also offering an opportunity in Block P; Block EG-02; and Block EG-H in Equatorial Guinea. The Ministry of Mines and Hydrocarbons has already approved the development plan and they believe to have between 17 and 38 million barrels of oil in place. Licenses have been extended to 2026.

Atlas Oranto Petroleum International: Namibia

In Namibia, Atlas Oranto Petroleum has an exciting opportunity in PEL 106: Blocks 2011B and 2111A. Located in the Walvis Basin, the blocks have been extended with a nine-year exploration timeline. The company is selectively looking for partners to farm-down and farm-in.

DAJO Group: Nigeria

DAJO Group is offering a 40% working interst in OPL 322, offshore Nigeria. The Block has two fields within it, the Bobo and Ago Structure.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent

Sierra Leone License 202a

Awarded under the country’s fourth licensing round to Innoson Oil and Gas Ltd, the prospect comprises nine ‘whole’ blocks comprising 8,035km². There is 2D seismic survey available with wildcats having been drilled following data acquisition. There is additional a CPR report available for any company interested in the farm-in opportunity.

Kariya Energy: Nigeria

Kariya Energy is offering an opportunity offshore Nigeria in OML 109. Currently, there are two near-term prospects which have the same geology as neighboring Ejulebe field. There is a CPR on the block which was completed in 2022. The central processing facility has been revamped and the license has been extended to 2037.

Tetracore Group: Nigeria

In Nigeria’s OML 53, Tetracore Group is looking for $50 million investment for Phase 1 of the field development to redevelop the marginal field. They have an early production plan and a lot of historic work.

Coastline Exploration: Somalia

Coastline Exploration holds interests in Blocks 129-130, 141, 143, 191, 192, 205 and 221 and has 2D seismic data on the area. The company is looking for a partner to part-fund a 3D seismic survey over some of the most prospective blocks.

ReconAfrica: Namibia

Onshore Namibia, ReconAfrica has over six million acres while in Botswana, over two million acres. The company has shot 27,000km of 2D seismic and they have 20 prospects and leads identified so far. They are approved to drill 12 prospects in the area and are going through a basin modelling.

CoMiCo: DRC

CoMiCo has an investment opportunity in the frontier Cuvette Centrale Block in the Democratic Republic of the Congo.

Africa Fortesa Corp: Senegal

Africa Fortesa Corp is seeking partners for Sadiaratou and Diender Permits in Senegal. The company is looking for capital to hook-up upcoming wells to markets. They have a right to deliver oil and gas directly to customers, making it an ideal investment opportunity.

Biogas Unite: Africa

Biogas Unite is developing a biogas project in Africa. The project comprises gas that is not immediately flammable and can easily be transported, therefore ideal for domestic use. The company is looking for $750,000 investment to upscale what they have and expand across Africa.

Further opportunities were provided in blocks in Guyana and Australia, with presenting companies including Eco Atlantic, Petro Australis Energy and Liberty.

In addition to company presentations, insight was provided into the DRC’s ongoing licensing round. Blocks are on offer in the Cuvette Centrale Basin; Albertine Graben Basin; and Lake Tanganyika Basin, with deadlines for submissions of interest January 2024; October to December 2023; and September to October 2023, respectively.

With the opportunities on the table, the African Farmout Forum provided attendees the chance to join exciting new plays, thereby opening up new basins across the continent.

#AEW2023 takes place this week in Cape Town under a mandate to make energy poverty history by 2030. Keep following www.AECWeek.com for more exciting information and updates about Africa’s premier energy event.

Distributed by APO Group on behalf of African Energy Chamber.

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Learning curves: Addressing the skills shortage in African mining

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17 hours ago

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March 23, 2026

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mining

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap

CAPE TOWN, South Africa, March 23, 2026/APO Group/ –The African mining industry is undergoing rapid transformation, driven by technological advancements, increasing sustainability demands, and rising global demand for critical minerals. However, a widening skills gap continues to pose a significant challenge to the sector’s growth and long-term competitiveness.

 

To address this pressing issue, an upcoming webinar hosted by Vuka group’s Mining Review Africa will bring together industry experts to explore practical solutions for building a skilled and future-ready mining workforce across the continent.

The discussion will unpack key factors contributing to the skills shortage and examine how stronger collaboration between mining companies, universities and Technical and Vocational Education and Training (TVET) institutions can help bridge the gap. It will also consider how digitalisation and automation are reshaping workforce requirements, and what this means for the next generation of mining professionals.

Participants can expect insights on:

  • Key causes of the mining skills shortage across Africa
  • Strengthening collaboration between industry, universities, and TVET institutions
  • The impact of digitalisation and automation on workforce requirements
  • Strategies for developing the next generation of mining professionals
  • Practical solutions for upskilling and workforce development
  • How regional collaboration can develop a skilled workforce
  • Preventing the brain drain in African mining as skilled workers seek greener pastures

 

Event details:
Date: 7 May 2026
Time: 14:00 (SAST)

To register for the webinar, visit: https://apo-opa.co/4brnadB

Distributed by APO Group on behalf of VUKA Group.

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Mining Review Africa Introduces French and Portuguese Website Translation

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17 hours ago

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March 23, 2026

By

vukagroup

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights

CAPE TOWN, South Africa, March 20, 2026/APO Group/ –VUKA Group’s (https://WeAreVUKA.com/) Mining Review Africa has introduced French and Portuguese translations on its website, responding to growing demand from readers across the continent.

 

This allows users to access content in multiple languages, improving accessibility for audiences in regions where English is not widely used.

We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth

The move follows insights gathered by VUKA Group during its flagship mining events held across Africa, including DRC Mining Week, Angola International Mining Conference and Nigeria Mining Week The organisers noted a clear need for more inclusive communication, particularly in countries where French and Portuguese are dominant languages in business and industry engagement.

By enabling multilingual access, Mining Review Africa aims to better serve its diverse readership, including industry professionals, policymakers and investors who rely on timely mining news and insights.

“This development is part of our ongoing commitment to making mining content more accessible across Africa,” Mining Review Africa’s Editor-In-Chief, Gerard Peter said. “We recognise that language should not be a barrier to information, especially in a sector that plays such a critical role in the continent’s economic growth.”

The translation feature is now live and available to all users on the Mining Review Africa website.

Distributed by APO Group on behalf of VUKA Group.

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Qianhai Launches OPC Mavericks Program to Empower Global AI Solopreneurs

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17 hours ago

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March 23, 2026

By

QianHai

SHENZHEN, CHINA – Media OutReach Newswire – 20 March 2026 – On March 18, Qianhai, a flagship hub for institutional opening-up, high-end services and technological innovation in southern China, officially opened the application portal for the Qianhai OPC (One-Person Company) International Community and launched its global OPC Mavericks Program. Adhering to the philosophy of “All Innovation, Zero Distraction”, the initiative aims to build the world’s leading ecosystem for AI-driven one-person companies.

Widely recognized as a pioneering zone for China’s institutional opening-up and a key innovation node in the Guangdong-Hong Kong-Macao Greater Bay Area, Qianhai leads the country in piloting cross-border cooperation, regulatory innovation and business-friendly reforms. It has grown into a highland for advanced services, tech research and development, and entrepreneurial ecosystems, connecting global talents, capital and technologies with the massive market of the Greater Bay Area.

The OPC Mavericks Program targets six elite groups: academic pioneers, tech veterans, global AI competition winners, elite prodigies, influential open-source contributors, and outstanding graduates in AI and computer science. Eligible projects should leverage generative AI, large language models, AI agents and automation to build sustainable closed-loop businesses.

As the world’s first vertical accelerator dedicated to OPCs, the community provides a tailor-made AI launchpad with the SENSE ecosystem and the “Eight Zeros” guarantee to remove startup barriers: supported office space up to 200㎡ for two years, talent housing up to 50㎡ per person, annual free computing power up to 50P, free LLM trials, Greater Bay Area market access, collateral-free loans, high-risk-tolerance seed funding, annual talent rewards up to 600,000 RMB, and one-stop services for visas, finance, IP, taxation and global internet access.

To help global innovators experience opportunities in the region, Qianhai offers the Shenzhen-Hong Kong 72-Hour Experience Pass, which was officially launched in 2025. This pass provides streamlined entry arrangements, guided visits to tech platforms, enterprises and research institutions in both cities, and on-site insights into the OPC entrepreneurship environment. It serves as a key channel for global talents to fully explore cooperation and development prospects in the Greater Bay Area.

The program supports AI solopreneurs to turn ideas into scalable businesses. Qualified applicants can submit core founder resumes and project pitch decks to inqianhai@qhidg.com to join the program and embrace new opportunities in the Greater Bay Area.

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