Vancouver, British Columbia--(Newsfile Corp. - February 27, 2014) - Gondwana Oil Corp (CSE: GO) is one of the latest new listings on the Canadian Securities Exchange, formerly known as the Canadian National Stock Exchange. The company also listed its warrants under the symbol “GO.WT”. Gondwana Oil resulted from the business combination of Mantis Mineral Corp (CSE: MYN) and Gondwana Energy.
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Prior to the closing, Gondwana completed a private placement of approximately 701 million special warrants raising approximately $3.5 million.
Gondwana Energy is actively involved in the development of prolific oil and gas targets offshore resource friendly Ghana, which is ranked among the top jurisdictions in Africa for conducting business. Through a subsidiary, the company acquired a 70% exclusive right to a 1,604 square acre project, surrounded by majors, and located adjacent to the world-class Jubilee field, a 2 billion barrel field producing 110,000 barrels of light 37 API oil per day. This area has had an unprecedented and incredible 65% rate of discovery on offshore wells drilled over the last 5 years, with multiple recent new discoveries on the west and north borders of the Block targeting same aged rocks as Jubilee.
With the project, the company inherited well over $200 million worth of data, including 2,738 line kilometres of 3D seismic & 1,687 line kilometres of 2D seismic, ready to be re-interpreted.
For more information please visit the company`s website www.gondwanaoil.com, or call Robin Ross, President and CEO at 416-362-1800.
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