Westbridge Energy Acquires Majority Interest in Four New Petroleum Licenses Offshore Namibia

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Westbridge Energy Corporation (WEB.V)has entered into a LOI with Ropat Petroleum Investments ( PTY ) Ltd. to acquire a majority interest in the oil and gas exploration blocks 1911A relinquished, 1912B, 1910A relinquished and 2011A relinquished offshore Namibia. Westbridge and Ropat have signed a Petroleum Agreement dated February 1, 2013 with the Mining, Minerals and Energy Department of the Republic of Namibia in relation to the Licenses. Ropat is a private oil and gas company incorporated in Namibia.



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This article appears in: Investing , Commodities

Referenced Stocks: PTY

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