Delonex to quit talks for Mozambique's Palmeiras block

Privately-owned Delonex has decided to pull out of protracted talks to secure an exploration and production licence for Mozambique's onshore Palmeiras block, writes Iain Esau.

In mid-2015, the London-based junior was notified as the winner of the P5-A Area in Mozambique’s fifth licensing round, since when it had been involved in protracted negotiations to secure a E&P Concession Contract (EPCC).