THE ASSALA’S BUYOUT PUT TO THE TEST IN THE FIRST FINANCIAL REPORT! LE RACHAT D’ASSALA À L’ÉPREUVE DU PREMIER BILAN !
English version A press article tells us that Assala is experiencing exploration difficulties and production declines. This oil company, recently acquired by State-owned Gabon Oil Co (GOC), is reportedly facing major challenges. It even forecasts a -4.91% drop in production in 2025, and the results of its exploration wells are not encouraging. The wells of Rabunga, Rossignol and Totou proved to be unproductive. In addition, work on the Totou well has even been abandoned. This situation is particularly worrisome, because the Rossignol well is part of the Ozigo II site, which Brice-Clotaire Oligui-Nguema had touted as imminent exploitation by the GOC. At this point, here is the situation: 1. Drop in production: Assala Energy anticipates a decrease in its production in 2025. 2. ...
