Universal Power Corp. (TSX-V: UNX) has purchased an additional 60% interest in Petroleum Exploration License (EL) 2815 offshore Namibia. Upon completion of the transaction, the company will control 90% of the issued and outstanding shares of Namibia Industrial Development Group Ltd. (NIDG). NIDG is the owner of the oil and gas exploration license to explore block number 2815 and the offshore portions of blocks 2816 and 2915 in Namibia, Africa.
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About Universal Power Corp.
Universal Power Corp. (www.universalpowercorp.com) is an independent oil and gas exploration and development company with broad based Black Economic Empowerment partnerships, trading its common shares publicly on Canadian and German exchanges. The company currently holds interests in 6 Blocks of offshore concessions covering over 32,000 sq km in Namibia, West Africa.
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