The new name announced by President Macky Sall represents an important cultural area along the coast of Senegal.
The AIM-listed gas firm said approval of the EIA is “an important step in the local permitting process”
The funds were raised through a subscription of 2.6mln shares, most of which went to a single institutional investor
“Suspension is not expected to last long and the company is ready to resume production as soon as the license is awarded,” said Cadogan
“The company will provide an update on initial results of the well, including flow rates and oil type, following completion of the testing phase”