BPT 1.67% $1.48 beach energy limited

http://www.petroleumafrica.com/en/newsarticle.php?NewsID=14197New...

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    http://www.petroleumafrica.com/en/newsarticle.php?NewsID=14197


    News out of the East Africa Gas Forum taking place in Tanzania has Total closing on a deal to give it access to acreage in Tanzania’s Lake Tanganyika. Meshack Kagya, senior principal petroleum geochemist at TPDC told attendees that the French oil major was close to signing a deal.

    Total won a bidding round against eight other companies in August 2011 to explore the block but has been unable to do any work in the area until the terms of the PSA are settled.

    "Total is in the very late stages of negotiation," Kagya said.

    ---------------------

    This seems to be same Lake where BPT acreage located.

    Thanks to kastin from JKA thread.
 
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