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Africa Oil Announces Commencement of Drilling on Erut Prospect in Kenya
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2016) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce the resumption of drilling on Block 13T in Kenya. The Erut-1 well, which spudded on December 18th, is located on a large structural feature in the northern part of the South Lokichar basin and is intended as a follow up well to the successful Etom-2 well which discovered 102m of net pay that had some of the best reservoir characteristics seen to date in the basin. This is the first well in a firm four well program, with the potential for an additional four contingent follow on wells, which is expected to continue through the first half of 2017.
Africa Oil CEO Keith Hill commented, "We are excited to get back to drilling and particularly interested in the first two wells in the program which will test exploration prospects in the northern portion of the Lokichar Basin opened up by the Etom discovery. These wells, and the follow up appraisal wells at Amosing and Ngamia, are important steps in moving the Lokichar development project forward."
|Tullow Oil is set to start the drilling of its northern most well in the south Lokichar basin ‘Erut’ to date on December 16th according to the country’s exploration manager Kevin Christopherson who was speaking at the just concluded SPE/AAPG Africa Energy and Technology Conference.
|Kenya’s President Uhuru Kenyatta today received a progress report on the planned Early Oil Pilot Scheme presented at State House, Nairobi, by the Ministry of Energy and Petroleum and the Kenya Joint Venture partners comprised of Tullow Oil, Africa Oil Corp and Maersk Oil.
According to State House the partners they have confirmed to the President that their companies have approved the Final Investment Decision (FID) for the Early Oil Pilot Scheme (EOPS) that will see them utilise the existing wells in Turkana County to produce 2,000 barrels of oil per day.
The oil will be transported to Mombasa by road, an important step towards full field development of the oil discoveries in blocks 10BB and 13T in Turkana County.
|A special cabinet meeting in Kenya on Thursday approved plans to start production of 2,000-4,000 barrels of crude oil in Lokichar, the Daily Nation reports. The crude oil will be transported by both rail and road to Mombasa for refining. Oil was discovered in Kenyas Turkana County in 2012 by Tullow Oil and the country is now getting ready to full commercial exploitation of the product with plans in motion to establish business and infrastructure to market it abroad. President Uhuru Kenyatta who chaired the meeting also approved the development of the Lokichar to Lamu crude pipeline which will be the main transportation route for the oil from Kenya in the future. The first crude oil in Kenya will be refined at the Kenya Petroleum Refinery in Mombasa which has now been fully acquired by the government through the Kenya Pipeline Company. The Cabinet also approved ministerial budget priorities for the 2016/2017 financial year.|
|2016-03-21 06:52 ET - News Release
Mr. Robert Dinning reports
SIMBA EXECUTES SEISMIC CONTRACT FOR BLOCK 2A IN KENYA
Simba Energy Inc., through its subsidiary company, Simba Africa Rift Ltd., has executed a contract with Africa Geophysical Services LLC (AGS), a company incorporated under the laws of the Sultanate of Oman, for the purpose of 2-D seismic data-acquisition and processing on block 2A in Wajir, Kenya.
Simba Africa Rift and its farm-in partner, Essel Group ME (EGME), have agreed that the 2-D seismic data-acquisition and processing program will cover approximately 500 line kilometres of survey, and it is expected that preliminary fieldwork and mobilization will commence in mid- to late April, 2016, with the full survey to commence in early May, 2016. It is expected that the work will take about 60 to 75 days to complete to be followed by interpretation of the data.
"We are pleased to finalize this contract and to commence the field work to obtain the necessary data. This will allow the company to plan a drill program later this year," said Robert Dinning, president and chief executive officer, Simba Energy.
The next phase of the exploration will see EGME and Simba Energy jointly acquire an oil drilling rig. "The drilling process will start as soon as we get a positive seismic result," commented Gagan Goel, MD EGME, vice-chairman, Simba Energy.|
|Not helping share price|
|January 11, 2016
Africa Oil Receives Kenyan Government Approval of Maersk Oil Farm In
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 11, 2016) - (TSX:AOI)(OMX:AOI) Africa Oil Corp. ("Africa Oil" or the "Company") is pleased to report that the previously announced (November 9, 2015) farmout with Maersk Olie og Gas A/S ("Maersk") has received approval from the Government of Kenya.|
US to Aid Kenya with Pipeline
Thursday, January 7, 2016
The US has expressed an interest in providing funding for Kenya’s pipeline linking the Tullow and Africa Oil’s oilfields in northern Kenya to Lamu. The pipeline was initially designed and planned to be funded by Chinese, however the US said it is ready to invest in the estimated Sh2.4 trillion in the project.
Robert Godec, the US Ambassador to Kenya, said his government would help secure funding to a tune of around Sh1.4 trillion towards the oil pipeline and power generation projects. Godec said US is also interested in funding expansion of electricity generation capacity and distribution which will help fast-track realization of ongoing power projects to meet growing demand.
Between Kenya and neighboring Uganda the region has an estimated 1.35 billion barrels of recoverable oil located out of reach of current infrastructure; new infrastructure, including an export pipeline, is required to enable commercialization of these discoveries.
For Kenya, “Commercially viable oil reserves were discovered in 2012 but to date nothing has happened which makes Kenyans wonder what happened. We are confident that the PowerAfrica initiative will help us realize our pledge to Kenyans,” said newly appointed Energy Cabinet Secretary Alfred Keter adding that extra funds will also be sourced through the Export-Import Bank.
Keter said a technical team comprising Energy ministry experts and the American government’s PowerAfrica initiative side will work out details of the pipeline and electricity generation ventures.|
|The monthly oil stock competition for January 2016 as well as the 2016 annual oil competition are still open for entries. Deadline for entries for both competitions is midnight this Sunday, 3 January 2016.
Happy and Prosperous New Year to All!!!
|is this share all washed up now|
|more than average day volume traded already this morning|
|Up 10% and climbing . Is there anybody out there ?|
|More gains more big volume - dont know why but nice|
|big rise , huge volume - wha's up|
|Somalia to rewrite contracts in response to corruption concerns - FT.com
- Today, 12:44 PM
|VIDEO Africa Oil, Keith Hill company precentation in Grand Hotel Stockholm. - AOI, RMP, RRL News
- Today, 6:51 AM
|presentation in Sweden on 11/09/14|
|Taipan Resources - 'Surrounded By Success' 2 fully funded drills on desirable acreages in Kenya partnered by Afren Plc., Premier Oil & Tower Resources plc. - AFR, AOI, PMO, TAIPF, TRP
- Today, 4:51 PM
|Does anyone know when the Resource Report is likely to be published (or have I already missed it?)?|
Independent Resources (IRG) Is Tunisia the New Hot Spot for Energy Investors? Interview
Today, 9:10 AM
|some relevant posts on the TLW thread by Olieslim
|Analysts at Standard Bank say Kenya, Uganda, South Sudan, Ethiopia, Tanzania and Mozambique , Oil...
Today, 11:24 AM
The East African region is emerging as one of the most prolific oil and gas exploration sites in the...