Regulatory advice for AIM listed E&P company
Neil Ubieklonu
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istock photo
Madagascar
Cameroon
We are standing counsel to an AIM-listed E&P company for all matters in Madagascar and Cameroon and advised the client on the rights the Office des Mines Nationales et des Industries Stratégiques (“OMNIS”) have to enforce their exploration obligations and/or claim damages for breach of the PSC in the event the client does not comply with its obligations. We also advised the client on the farm-out of a 50% interest in the Ambilobe block, located offshore of Madagascar. Our advice also covered the legal status of a tax dispute between the client and the Malagasy tax authorities.