Mazeingo said they were in talks with a Houston-based oil company, which was keen to sign an exploration agreement for a part of the Walvis Bay, Luederitz and Orange Basins, while a Russian company has already signed an agreement for exploration in the Walvis Bay Basin. Namcor was busy with several other companies, which could not be named at this stage, he said.
Indications are that there is a lot of interest.
The process to decide takes anything from between nine months to one year after the first visit. The Namibian .