Bramlin unit executes 3 pacts to sell natural gas in Cameroon

LONDON (Thomson Financial) - Bramlin Ltd. said its unit Rodeo Development Ltd., the operator of the Logbaba natural gas field near Douala, Cameroon, has executed three agreements to sell natural gas to industrial customers in the Douala area. Financial details of the agreements were not provided. The independent oil and gas company focusing on exploration and production in Cameroon said first deliveries of natural gas to industrial customers are expected to occur in late 2009 and that it is in negotiations with additional potential industrial customers in the Douala area. CEO Jim Ford said, 'This is an important first step in the commercialization of the Company's proven natural gas... [read full story]