"Participation in four offshore blocks have been offered to CityView under terms which are prescribed confidential," the company said.

"This offer is larger than what CityView has been anticipating. Each of the blocks is currently being checked by CityView's technical team before acceptance commitment."

In addition to these blocks, CityView will participating indirectly in the upcoming licensing round, which comprises seven offshore blocks, one South Cabinda onshore block and two Kwanza Basin onshore blocks.

"CityView will be participating in this licensing round through powerful Angolan groups, who are pre-qualified for the tenders," the company said.

"Timing is understood to be now deferred until year-end after the parliamentary elections."

The remaining onshore Kwanza Basin blocks are being reserved for Angolan companies, but CityView will gain access to the blocks through the agreements it has negotiated with its Angolan co-venturers.

"CityView will also be actively involved in determining which blocks to focus on for acquisition," the company said.