African Petroleum转让冈比亚勘探许可证

The company said that the LOI represents a non-binding commercial proposal regarding the possible acquisition of interests in Licenses A1 and A4 where African Petroleum holds a 100 percent operated working interest in both blocks.The proposal is conditional upon African Petroleum confirming the extension of the exploration periods of both licenses by at least 12 months by the Government of Gambia and is subject to ongoing negotiations. To remind, the end of the exploration periods for both licenses was on September 1, 2016.