Impact Oil & Gas completes split of Namibian and South African assets

Impact Oil & Gas has completed a reorganisation separating its offshore Namibian assets, including the Venus oil discovery, from its South African exploration portfolio.

Following regulatory and joint venture approvals, Impact sold Impact Africa (IAL), which holds its South African licences, and certain related assets to Impact Energies.

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Formerly IOG Energies, the buyer is a subsidiary of Impact’s majority shareholder, Deepkloof. Impact Energies will operate as a standalone business focused on the South African exploration portfolio.

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