Bracewell Advises Impact Oil & Gas on its Farmout of Namibian Assets Containing the Venus Discovery

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Bracewell (UK) LLP advised Impact Oil & Gas Limited on the signing of a farmout transaction with TotalEnergies EP Namibia B.V. related to Impact’s interests in Blocks 2912 and 2913B offshore Namibia, which contain the Venus discovery. The transaction includes a full carry of Impact’s retained interest, for all joint venture costs, with no cap, through to receipt of the first sales proceeds from first oil production.