I always thought that Quest would enter the frame again -
"A joint venture between Nexoil Corporation (Nexoil) and Energy Africa Ltd. obtained two onshore oilfield licenses in the Kwanza Basin, according to an announcement by CityView Corporation Ltd. Nexoil, the Angolan business firm, will process documentation from Sonangol, the Angolan state oil company, while Quest Energy Middle East Ltd. will operate the project. CityView Corporation holds 8.3% equity in Quest..."
"My 'basic' understanding, (happy to be corrected), is that the Africans need someone to help finance/build/operate the operation & they've chosen Quest Energy.
The Quest Energy connection is how CVI have got their foot in the door..."
Regards Chalea
CVI Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held