The permit lies east of the French-controlled island of Juan de Nova and expires at the end of this year.
UK-based junior Wessex Petroleum holds a 70% beneficial interest in the 9100-square kilometre permit in the Northern Morondava basin in the Mozambique Channel.
Wessex has been designated operator, subject to government approval, with Australia’s Global Petroleum holding the remaining 30% interest.
During 2012, the partners completed reprocessing and interpretation of 1000 kilometres of shallow water seismic acquired by TGS-Nopec in 2001.
They
