Canop signs PSA with Tanzania

Jul 14, 1997 02:00 AM

June 16, 1997 Canop Worldwide Corp. has announced the signing of a Production Sharing Agreement with the government of Tanzania and the Tanzania Petroleum Development Corporation for oil and gas exploration of three contiguous areas covering 15,000 sq km in Tanzania.
Upon finalisation of the associated exploration licenses, Canop's plans over the next 12 months call for a review of existing seismic data, the shooting of new seismic, and drilling.
Canop holds a 75 % interest in the areas.

Source: not available
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