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tdp2664 E money daily BP plc (NYSE:BP) has signed a deal with Chariot to acquire a 25 percent stake in a Namibia oil block. BP plc (NYSE:BP) Signs New Block Deal The UK oil firm BP plc (NYSE:BP) has entered into a farm-out agreement with Chariot Oil & Gas to acquire a 25 percent stake in Namibia's 2714A block, located in the Orange Basin. Chariot has a 50 percent stake in this block and the other 50 percent stake is owned by Petrobras, a Brazilian energy firm. BP plc (NYSE:BP) will share the costs and risks of the drilling and will provide first drilling and exploration costs and past costs incurred. The deal has to get approval from the Ministry of Mines and Energy in Namibia. BP plc (NYSE:BP) shares were at 38.19 at the end of the last day’s trading. There’s been a -14.9% change in the stock price over the past 3 months. BP plc (NYSE:BP) Analyst Advice Consensus Opinion: Moderate Buy Mean recommendation: 1.86 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 2.21 Zack’s Rank: 6 out of 20 in the industry
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