Gneiss Energy‘s Commercial Director Doug Rycroft featured on Energy Voice this week, discussing the oil price crash and its impact on Sub-Saharan African assets.
“The oil price crash will likely drive an active sell off within the African oil and gas sector – it will undoubtedly be a buyers market. The risk for sellers will be in a market over flowing with opportunity – much of it distressed – valuations will be depressed as those few active buyers left will be able to extract as much pressure as possible to ensure that they are securing assets at the lowest possible valuation points.”
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