The administrators of West Perth-based Baraka Petroleum have returned control of the company to the directors as chief executive Mark Fenton steps down.
Embattled petroleum company Baraka Petroleum Ltd has withdrawn from the Mali and La Punta projects, following its path into voluntary administration last month.
West Perth-based oil and gas exploration company Baraka Petroleum Ltd has announced plans to restrict trading on 80 per cent of the 113 million shares due to be released from escrow next week.
Subsidiaries of Woodside Petroleum Ltd and West Perth-based oil and gas exploration company Baraka Petroleum Ltd have secured the approval of the Mauritanian government for their 2007 work program and budget.
Baraka Petroleum Ltd has engaged Royal Bank of Canada to act as lead manager for an institutional placement of up to $35 million in ordinary shares in an effort to broaden its ownership.
Baraka Petroleum Limited has been working with the government of Mali recently to provide emergency famine assistance for stricken communities in the West African country.
BARAKA Petroleum has announced notification of approval by the Mauritanian Minister of Energy and Petroleum for a farm-out agreement it recently signed with China National Petroleum Corporation (CNPC)
