http://www.africanoiljournal.com/3-13-2006%20equator_exploration_...

http://www.africanoiljournal.com/3-13-2006%20equator_exploration_acquires_stake%20in%20deepwater%20blocks%20offshore%20nigeria.htm

Equator Exploration Acquires Stake in Deepwater Blocks Offshore Nigeria

Following a signing of Production Sharing Contracts on March 9, 2006, Equator has been awarded a 30% interest in blocks OPL 323 and OPL 321, offshore Nigeria. The Korean National Oil Corporation ("KNOC") was awarded a 60% interest in the blocks. The balance of 10% was awarded to local Nigerian companies


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Sir Sam Jonah, Chairman of Equator, added:
"OPL 323 and OPL 321 are widely regarded as the two most highly sought after blocks in Nigerian deepwater today. It is unprecedented for a company of our size to be involved in such prospective deepwater exploration acreage and we look forward to working closely with KNOC and our other partners in exploring and hopefully developing these exciting oil and gas exploration projects."


Looks like sir Sam has successfully negotiated with KNOC for African Oil in the past, my money is on him doing it again. he has 180 million good reasons to!