Gambia News : GB Energy Withdraw from Oil and Gas Opportunity Offshore Gambia

Apr 17,2008 00:00 by lamin

GB Energy announced that after it had received a letter of offer from the Commissioner of Petroleum, Republic of The Gambia, for two oil and gas blocks offshore The Gambia, the company and the commissioner have been unable to finalise the licence agreement and have agreed to discontinue negotiations. GB Energy reported further that it has formally advised the commissioner that it is withdrawing from negotiations.