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HCI splits Namibia oil from South Africa exploration assets | SA News

Hosken Consolidated Investments (HCI) is restructuring its offshore oil and gas exposure through its majority stake in Impact Oil and Gas, separating its South African exploration assets from its Namibian portfolio.

The JSE-listed investment company, which holds a controlling interest in Impact through Deepkloof, said on Tuesday the group will be split into two parts: one focused on Namibia’s offshore development projects and another holding South Africa’s exploration rights.

Deepkloof serves as HCI’s investment vehicle for upstream energy and resource assets, and is the entity through which the group participates in Impact Oil and Gas.

(Dorothy Kgosi)

Impact Oil and Gas is a UK-based…

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