Gbonka Oil and Gas Limited signed an agreement Forte Upstream Services Limited from Forte Oil Plc (NGSE:FO) for NGN 1.2 billion during the quarter period ended March 31, 2019. Under the terms, Gbonka acquired 100% shares in Forte Upstream Services Limited. As on May 3, 2019, it was disclosed that the transaction was subject to contractual and regulatory approvals. Gbonka Oil and Gas Limited completed the acquisition of Forte Upstream Services Limited from Forte Oil Plc (NGSE:FO) in March, 2019.