Rialto approved to acquire stake in Offshore Ghana oil exploration prospect

Rialto Energy has received Ministerial and Ghana National Petroleum Corporation approval to acquire a 12.5 per cent participating interest in the Offshore Accra Contract Area, in Ghana.

Rialto Energy has received Ministerial and Ghana National Petroleum Corporation approval to acquire a 12.5 per cent participating interest in the Offshore Accra Contract Area, in Ghana.

The block is located to the southeast of Accra, the capital of the Republic of Ghana, in water depths ranging from less than 50 metres to greater than 2,500 metres. Interpretation of new seismic data, in conjunction with previously existing and reprocessed 3D, identified a number of prospects within the pre and post-rift Cretaceous section of the block.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.