Following its acquisition of a 6.056% interest in Prime Oil & Gas Coöperatief U.A. (Prime) in 2021 and 2022, Petralon Energy is pleased to announce that its Founder & CEO, Mr. Ahonsi Unuigbe, has been appointed to the Board of Directors of Prime.
Prime Oil & Gas is headquartered in the Netherlands with subsidiaries in Nigeria that hold an indirect 8% interest in OML 127 and an indirect 16% interest in OML 130. Both blocks contain the producing Agbami, Akpo, and Egina deep-water fields.
Petralon Energy secured a 6.056% interest in Prime via two transactions that were completed in October 2021 and March 2022. Other shareholders include TSX-listed Africa Oil Corp. and BTG Pactual.