Hopu and Cnooc poised to take over New Age
As the junior oil firm's senior management in London pack head out, the Chinese takeover is moving into place.
Middling operating results has set into action a wave of changes at oil & gas junior New Age (African Global Energy). Africa Energy Intelligence investigates as the firm's shareholders send a host of senior management packing, including chairman and founder [.
Joined millions of years ago, the African and South American continents present geological similarities that stir the curiosity of oil companies. Recent discoveries on the South American side of the Atlantic have spurred demand for exploration licences on the opposite [.