Four other firms were also identified in the letters as participating in the proposal and negotiations together with Brenham.
Brenham president Scott Gaille said the discussions with the Government of Equatorial Guinea represent the company’s ongoing technical and commercial efforts to identify untapped exploration potential in Africa.
"While there can be no assurance that Brenham will be able to successfully conclude the concession acquisitions, our work in Equatorial Guinea reflects Brenham’s continuing efforts to enter into African exploration, development and production," Gaille said.
Brenham, a unit of American International Industries, is engaged in the acquisition of petroleum resources.
