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Purchase – Dominion Petroleum

Following a tip from a reader a couple of weeks back, we took a closer look at Dominion Petroleum - an independent energy company focused on exploring for new oil and gas reserves in East and Central Africa. Currently Dominion are active in offshore Tanzania and the Lake Edward Basin in and around the Uganda, Democratic Republic of Congo border. It's been a rocky path for Dominion since it was founded in 2004. Trading in Dominion Petroleum was suspended in July 2009 before a US$10 million injection from Blue Gold Hedge Fund got them back on track. They've since been back to...