Caspian Oil & Gas Ltd has struck a deal with De Beers Consolidated Mines Ltd on 10 diamond exploration licences in the Democratic Republic of Congo. The farm-out by Caspian is in line with its announced intention of concentrating on its oil activities and farming out or selling non core assets. It provides Caspian with a carried equity until a decision to mine based on a feasibility study, at which time Caspian can elect to contribute to a development or dilute its interest. Caspian's licences cover about 1,040 square kilometres and are located in the Tshikapa Diamond Field in south western DRC, near the Angola border.
展开▼
