In August 2014, Helios completed an investment in Impact Oil & Gas Ltd (“Impact”), a pure-play African oil and gas exploration company, acquiring a 13.6% stake in the business. Impact’s business model is to acquire large initial working-interest positions in acreage in geologically promising deep-water locations in Africa and to identify multiple high-impact prospects. Impact’s exploration portfolio currently includes licenses in Gabon, Guinea Bissau, Namibia, Senegal and South Africa. The proceeds of Helios’ investment will be used to complete the acquisition of pending licenses and to fund early work programs on Impact’s asset portfolio.
- Sector: Upstream Oil & Gas
- Country / Region: Gabon, Guinea Bissau, Namibia, Senegal, South Africa