Gambia’s President Adama Barrow declines African Petroleum’s rights to…

The A1 and A4 blocks in Gambia. Instead Adama Barrow stated that the Gambian government is negotiating with Total, as a future partner.

African Petroleum had been in negotiations to sell a 70 percent stake in A1 and A4 offshore blocks in Gambia to an unnamed third party, along with another licence in neighbouring Senegal. The blocks, which could contain over 3 billion barrels of oil, are adjacent to ones in Senegal where large discoveries have been made.

β€œThe parties have mutually agreed to not extend the Exclusivity Agreement which expired today,” African Petroleum said in a statement.

JUST KIDDING!! πŸ˜€

Have a great summer!