Although oil and gas exploration has been going on in East Africa for decades, until recently exploration activities grew more slowly compared to other regions in Africa. Today, there has been a series of oil and gas discoveries in several East African countries, including Kenya, Madagascar,...

1. Introduction: Ghana’s Petroleum Industry in Transition -- 2. Examining Ghana’s New Exploration and Production Act and Other Legislative Developments -- 3. The Ghana-Cote-d’Ivoire Maritime Border Dispute and Transboundary Resource Management in the Gulf of Guinea -- 4. Upstream Petroleum...

This paper examines how oil and gas companies’ reserves growth affects their share price returns. In particular we examine three issues affecting the relation between reserves changes and oil and gas firm returns. First, we examine if investors value reserves replacement as a result of...