Petrel and its partners have met for discussions with Ghanaian officials, with negotiations now underway for a possible award of deepwater Tano basin acreage, as well as replacement acreage for the company’s signed petroleum agreement on Tano 2A Block.
No assurances can be given that such negotiations will lead to a successful outcome for the company, Petrel said.
Petrel’s Ghanaian affiliated company, Pan Andean Resources (Ghana), is a private Ghanaian company held 30% Petrel Resources, 60% by Clontarf, and 10% local Ghana interests.
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