Duma Energy Corp. (DUMA) Represents a New Direction in Oil Exploration
Houston-based oil and gas exploration and production company Duma Energy represents a new wave of global oil and gas exploration with its recently announced move to actively explore in Namibia, on the southwest coast of Africa. Historically, the oil and gas industry was focused on the Americas, followed in the second half of the 20th century by the Middle East, and now Russia, China, and Europe. African producers, such as Nigeria, Libya, Algeria, and Angola, were second-tier. However, Africa is split up into some 54 individual nations. When viewed as a whole, it becomes clear that Africa has a great…