Brazilian experts reveal oil and gas reserves in Namibia

Brazilian experts which took about 200 samples in Namibia have revealed some small traces of oil and gas, and the first report on their finds will be submitted to the Namibian Government next month. The research was conducted by a Brazilian geologist and oil expert Dr Marcio Rocha Mello for the newly established Namibian company Enigma Investments of Swapo Heinrich Ndume.

Enigma Investments also has three offshore exploration licence blocks in Namibia. Ndume together with his two partners also has a share in Greendale Universal Holdings, a company registered in the British Virgin Islands, which obtained two other licence blocks in Namibian waters at the end of 2005.

The Brazilian specialist Dr Mello heads his own company, High Resolution Technology in Rio de Janeiro. After HRT completes its scientific analysis by March 2008, Enigma will decide on drilling a test well offshore.

Leave a Reply

You must be logged in to post a comment.