العربية / Arabic
Summary

Sphere Petroleum QSC through its Malian subsidiary company, Mali Petroleum SA, operates two exploration permits in the Republic of Mali from its regional office in Bamako, Mali. These are Block 8 in the Taoudeni Basin and Block 10 in the Gao Graben. The company, through its subsidiary Sphere Petroleum Corporation BVI was awarded two blocks in Guinea Bissau and these were formally gazetted in April 2008.  The permits cover Block 1 in the shallow water offshore area and Block 5B, which is largely in deep water

The company is in an advanced stage of negotiations over the grant of an exploration permit in Niger and evaluating other opportunities in west and northwest Africa.

 
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Latest News
Board Change

At Sphere Petroleum's recent Board Meeting, held on 16 December 2008, the Board resolved that the resignation of Mr John Scott as technical director and Board member be accepted and that Mr Scott be thanked for his efforts and good work during his lengthy tenure with the company.

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Award of Guinea Bissau blocks

In April 2008, the awards of Blocks 1 and 5B in offshore Guinea Bissau were gazetted by the government.  The gazettal marks the formal start of the first phase of these permits.

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Board Changes

At Sphere Petroleum's recent Annual General Assembly, held on 28 April 2008, the shareholders resolved that the resignations of Mr. Alexander Burns and Mr. Marcello Cardaci as directors are accepted

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