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Published On: Mon, Jan 28th, 2019

Africa: RoyalGate Energy Extends License in Equatorial Guinea

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PRESS RELEASE
RoyalGate Energy Extends License in Equatorial Guinea
Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas
HOUSTON, United States of America,(ANN)– The company plans to drill in Block Z; Equatorial Guinea’s block Z holds an estimated 3.6 tcf of gas; RoyalGate is also interested in Angola’s marginal field licensing round

African independent RoyalGate Energy (RoyalGateEnergy.com) has been granted an extension on its Block Z license in Equatorial Guinea, with plans to commence drilling as the oil price stabilizes and the market recovers.

“We are very honored that the Ministry of Mines and Hydrocarbons continues to partner with us in our development of Block Z, and we greatly look forward to working with the government on the development of the block and using the gas resources to also further the development of the country’s gas mega hub,” said CEO Of RoyalGate Energy Frank Ene.

Block Z holds the existing Gardenia discovery, with an estimated 3.6 tcf of gas reserves in place and 25 million boe of condensate. Additional seismic also shows four more high potential prospects in the area: Tulip, Daisy, Buttercup and Sunflower.

The Houston-based independent is also interested in Angola’s marginal fields licensing round being launched at Angola Oil & Gas 2019 in Luanda in June.

“Marginal fields provide an excellent opportunity for independents like RoyalGate Energy to thrive in competitive upstream markets like Angola” Ene said. “We are eager to potentially expand our operations in Angola.”  Distributed by APO Group on behalf of Africa Oil & Power conference.Media Contact:
Frank Ene
CEO
RoyalGate Energy
Email: frank.ene@royalgateenergy.com

About RoyalGate Energy:
From offices in Houston, Accra, Malabo and Luanda, RoyalGate Energy (RoyalGateEnergy.com) is operating assets in Equatorial Guinea and Ghana and evaluating new opportunities throughout Africa. Sustainability and sound fiscal and operations management guide the business.
 
RoyalGate signed its first production sharing contracts in Equatorial Guinea in 2013. In 2014 the company expanded to Ghana and Angola. RoyalGate is building a strong portfolio of assets across the continent and investing in the countries and communities in which it operates.

SOURCE
Africa Oil & Power conference

About the Author

- Arraale Mohamoud Jama is a 20 year experience as a professional Journalist and human rights activist Over the years, worked for the major News Papers in Somaliland as a reporter, editor and contributor. 2008 established website Araweelo News Network, he currently runs a web site based in Somaliland. who is the specializes in the investigation and reporting on issues relating to human rights, democracy, and good governance. contact: Info@araweelonews.com jaamac132@gmail.com + 252 63 442 5380 + 252 63 4764409 + 252 63 442 5380

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Araweelo is an Associated Network News, The most trusted source for news & Political,investigator report,Human Rights Issues,Educations,Social and Democracy ,Latest News Horn of Africa. runs Arraale Mohamoud Jama Freelance Journalist and Human Rights Activist based in Somaliland.

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