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    The Scotsman: Bowleven Eyes $28m Deal for Tanzania Gas Assets

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Summary

Edinburgh-based oil and gas explorer Bowleven is set to acquire stakes in two Tanzania gas projects for up to $28 million

by: Erica Mills

Posted in:

Press Notes, Africa

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The Scotsman: Bowleven Eyes $28m Deal for Tanzania Gas Assets

Edinburgh-based oil and gas explorer Bowleven is set to acquire stakes in two Tanzania gas projects for up to $28 million (£18.3m).

The Africa-focused group said the proposed deal was in line with its strategy of concentrating on opportunities in Africa that “have the potential to create material shareholder value, whilst maintaining a robust balance sheet and strong capital discipline”.

Read the full article HERE.

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