Gulf of Guinea Energy ("GOGE") is an independent BVI registered oil and gas company currently focused on Nigeria and has a growth strategy concentrating on expansion into West Africa. GOGE has a wholly owned subsidiary registered in Nigeria as GOGE (Nig) ltd with its registered office in Uyo, Akwa Ibom State, Nigeria.

 

GOGE comprises of a highly-skilled management team with International Oil Company ("IOC"), direct Nigerian and Joint Venture ("JV") experience. GOGE benefits from a competitive edge in Nigeria, substantial financial backing, and a commitment to partnering the local communities in which it is currently operating.

 

In February 2007, Actis (www.act.is) became a cornerstone investor with a $35 million investment and is a significant shareholder in GOGE. 

The company has a significant interest in the Uquo oil and gas field, located onshore in the Akwa Ibom state, Eastern Niger Delta. The field has four proven hydrocarbon accumulations and a number of well defined exploration prospects. The company has acquired 3D seismic covering the entire licensed block and is scheduled to drill two appraisal / development wells in the first half 2008.

The company has a focused business plan for acquiring further assets and planned production in Nigeria. Over the longer term GOGE will pursue strategic partnerships with national as well as independent energy companies in Nigeria and West Africa to build a significant oil and gas reserve base.