Hunt Oil Company, through its wholly owned subsidiary Namibia Hunt Oil Company, has signed a Petroleum Agreement with the Republic of Namibia.
The agreement gives Hunt the right to carry out petroleum exploration and production operations in Lüderitz Basin Offshore Area Namibia in partnership with NAMCOR, the state oil company.
The agreement covers approximately 38,322 square kilometers(approximately 9,500,000 acres) in the Lüderitz Basin Offshore Area.