Azinam takes over as operator of Orange basin blocks, offshore South Africa

Azinam Limited, the Seacrest Capital-backed Southwest African oil exploration company, has announced the acquisition of a 40% operating interest in Block 3B/4B and a 51% operating interest in Nearshore Block 3B/4B in the Orange basin, offshore South Africa, with Ricocure (Pty) Ltd retaining 60% and 49% in the blocks, respectively. More »