Summary of Oil and Gas Block Acquisitions and Holdings by C2E and Affiliates
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Summary
This document summarizes the acquisition and ownership interests of C2E and its affiliates in various oil and gas exploration blocks across Nigeria, Sao Tome, Namibia, and Uganda. It details the percentage stakes, signature bonuses paid, and technical work conducted, as well as exclusive agreements with Sinopec for African operations. The document also notes C2E's full acquisition of Yorkshire Trading Ltd, which holds significant interests in Namibian oil blocks and is a leading provider of switchgear products for the power industry.
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Annexure A
Nigeria:
2007 Awarded Block OLP 258 and paid USD 110 million signature bonus;
2007 Awarded Block OLP 295;
2008 Signature bonus paid;
2008 Technical work conducted on both blocks;
2011 C2E acquired 33% share holding.
Sao Tome
38% of 1 Block in the Joint Development Zone
Namibia
Through the 100% acquisition of Yorkshire Trading Ltd, C2E acquired a 40% share holding in six on-shore Namibian oil blocks. Covering 492 sq km, the blocks are: 2416B, 2417, 2516, 2517, 2616 and 2617.
Uganda
38 % of 2 Blocks in Uganda
Sinopec
Exclusive agreement with Sinopec for Africa
Yorkshire Trading
Leading provider of switchgear products for power industry
