10 May 2013
Septa Energy Response Statement Re Purchase of Oil Blocks
Septa Energy is aware of several inaccurate and misleading reports relating to the alleged ownership of three oil blocks in Nigeria. Septa Energy has an existing strategic alliance agreement (SAA) with the Nigerian Petroleum Development Company (NPDC) to provide funding and technical support for the development of these assets. Ownership of the blocks remains with the NPDC. Our business transactions are subjected to rigorous scrutiny to ensure they meet international ethical standards and laws. We do not tolerate any breach of law in the course of our operations.