Coastline Exploration Limited – QNT Press Release


HOUSTON, Feb. 19, 2022 /PRNewswire/ — Coastline Exploration Limited (“Coastline“), the upstream oil and gas company focused on East Africaannounces that it has signed seven Production Sharing Agreements (“PSAs“) covering offshore, deep-water blocks of the Federal Republic of Somalia. These PSAs enable Coastline to proceed with plans to explore for oil and gas on the many prospects and leads identified in these offshore blocks.

W. Richard AndersonChief Executive of Coastline, commented, “Somalia contains the largest remaining unexplored set of basins situated in warm waters in the world. We are honoured and excited to be part of its future development. The Government of Somalia and the Ministry of Petroleum have spent a great deal of time and effort to ensure the country has the proper …

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