Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 154)
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Antwort auf Beitrag Nr.: 45.606.733 von gimo211 am 10.10.13 21:38:46Allo AOI Gemeinde,
wisst Ihr, ob Bahasi-1 in Block 9 schon gespudded ist oder werden wir dazu eine separate News release bekommen? Ich glaube, es ist eine Bohrung bei der AOI selbst Operator ist, Marathon ist Farm in Partner.
Nur habe ich nicht ganz den Überblick, wann welche Bohrergebnisse zu erwarten sind. Falls jemand eine updated well summary reinstellen könnte, wäre nett.
Ich hoffe, dass Bahasi schon gebohrt wird, denn die Daten vom Anza Basin sind sehr interessant. Mit Logging erwarte ich dann zu Weihnachten die Ergebnisse :-)
Dank im voraus
gruss
Source
wisst Ihr, ob Bahasi-1 in Block 9 schon gespudded ist oder werden wir dazu eine separate News release bekommen? Ich glaube, es ist eine Bohrung bei der AOI selbst Operator ist, Marathon ist Farm in Partner.
Nur habe ich nicht ganz den Überblick, wann welche Bohrergebnisse zu erwarten sind. Falls jemand eine updated well summary reinstellen könnte, wäre nett.
Ich hoffe, dass Bahasi schon gebohrt wird, denn die Daten vom Anza Basin sind sehr interessant. Mit Logging erwarte ich dann zu Weihnachten die Ergebnisse :-)
Dank im voraus
gruss
Source
Hi Staberhuk;
... Das Ding bezüglich L8 ist halt nur, dass Apache hier keinen Dollar einnehmen wird. Sie geben einfach nur ihre Rechte zurück; und schreiben demnach im Gegenteil die bisherigen Kosten einfach ab...
Apache sieht offensichtlich keinen angemessenen Wert in L8....
Andererseits kann man das aus einem Drilling allein wohl noch nicht abschließend sagen... Nur nach deren KPIs lohnt es wohl nicht... So wird es zumindest der Markt wahrnehmen... Fürchte ich....
Andererseits, Shell hat Loperot gebohrt und dann nichts mehr aufs Lokichar Basin gegeben... Manchmal irren auch die Grossen ...
... Das Ding bezüglich L8 ist halt nur, dass Apache hier keinen Dollar einnehmen wird. Sie geben einfach nur ihre Rechte zurück; und schreiben demnach im Gegenteil die bisherigen Kosten einfach ab...
Apache sieht offensichtlich keinen angemessenen Wert in L8....
Andererseits kann man das aus einem Drilling allein wohl noch nicht abschließend sagen... Nur nach deren KPIs lohnt es wohl nicht... So wird es zumindest der Markt wahrnehmen... Fürchte ich....
Andererseits, Shell hat Loperot gebohrt und dann nichts mehr aufs Lokichar Basin gegeben... Manchmal irren auch die Grossen ...
Brent-Öl zieht mit dem Gesamtmarkt nach oben, eigentlich kein schlechtes Umfeld für den Ölsektor. Belastungsfaktoren für Africa Oil meiner Meinung nach:
1. Nachwirkungen der Sell-Empfehlung von Societe General
2. Sicherheitslage in Somalia/Kenia
3. Die noch ungeklärte Finanzierungsfrage für 2014
Kein Verkaufsdruck, eher eine "Wait-and-See"-Haltung. Das Schlimme ist, dass der Explorationssektor generell vom Kapitalmarkt abgeschnitten scheint und fast nirgendwo Risikokapital aufzutreiben ist. Dafür werden an anderer Stelle Blasen aufgebläht. Ich kann mir nur wünschen, dass ein Farmout kommt und die Investmentbanker diesmal außen vor bleiben. Noch ist ja Zeit.
1. Nachwirkungen der Sell-Empfehlung von Societe General
2. Sicherheitslage in Somalia/Kenia
3. Die noch ungeklärte Finanzierungsfrage für 2014
Kein Verkaufsdruck, eher eine "Wait-and-See"-Haltung. Das Schlimme ist, dass der Explorationssektor generell vom Kapitalmarkt abgeschnitten scheint und fast nirgendwo Risikokapital aufzutreiben ist. Dafür werden an anderer Stelle Blasen aufgebläht. Ich kann mir nur wünschen, dass ein Farmout kommt und die Investmentbanker diesmal außen vor bleiben. Noch ist ja Zeit.
Antwort auf Beitrag Nr.: 45.603.473 von gimo211 am 10.10.13 15:40:56Hallo gimo211.
Aus der Meldung von PCL von heute (s. Schrääd PCL oder Website PCL)geht hervor, dass Apache bis Ende des Jahres 4 Mrd. USD einsammeln will. Natürlich verkaufen sie dann nicht ihre besten Chancen. Aber die nicht ganz sicheren Aussichten für L8 allein sind nicht der Grund allein.
Aus der Meldung von PCL von heute:
"The media report of Apache’s withdrawal from L8 (its only venture in Sub-Saharan Africa)
follows other Apache divestments around the globe, including Apache’s divestment of
projects in the Gulf of Mexico (announced 18 July 2013), in Alberta, Canada (announced
15 August 2013) and in Egypt (announced 1 September 2013).The series of withdrawals
are consistent with Apache’s announcement in May 2013 that it planned to divest $4
billion in assets by year-end 2013."
Aus der Meldung von PCL von heute (s. Schrääd PCL oder Website PCL)geht hervor, dass Apache bis Ende des Jahres 4 Mrd. USD einsammeln will. Natürlich verkaufen sie dann nicht ihre besten Chancen. Aber die nicht ganz sicheren Aussichten für L8 allein sind nicht der Grund allein.
Aus der Meldung von PCL von heute:
"The media report of Apache’s withdrawal from L8 (its only venture in Sub-Saharan Africa)
follows other Apache divestments around the globe, including Apache’s divestment of
projects in the Gulf of Mexico (announced 18 July 2013), in Alberta, Canada (announced
15 August 2013) and in Egypt (announced 1 September 2013).The series of withdrawals
are consistent with Apache’s announcement in May 2013 that it planned to divest $4
billion in assets by year-end 2013."
Hi Staberhuk; off topic hier, aber vielleicht doch interessant für einige...
Das "Problem" in meinen Augen ist jedoch, dass Apache - die ja nach vor ein paar Wochen eine zweite well in L8 angekündigt hatten - nach intensiver Bewertung der Lage, sich aus dem Projekt zurück zieht. Das wird für viele Investoren ein negatives Signal bezüglich der Qualutät von L8 sein... (Selbst der L6/L9-Nachbar FAR hat ja heute gelitten);
Was auch immer die Gründe für Apache waren (vielleicht sehen sie nun doch eher Gas- als Oil-Potential...); kurzfristig wird das eher negativ für PCL sein...
Vermutlich werden alle verbliebenen Partner ihren Stake nun verdoppeln - PCL dann wohl 30% Share - wichtig sicher die Frage, wie sich Tullow verhält; insbesondere, ob sie die Operationship übernehmen...
Jetzt sind jedenfalls viele Fragen zu klären und die geplante well in 2014 ist eher unwahrscheinlich. L8 war zuvor ein High Risk Play; das Risiko aus Sicht des Kapitalmarkt ist nun wohl eher noch angestiegen.
In 4-5 Monaten gibt es das erste Drilling in 10a/b. Da wird es vielleicht wieder Bewegung für PCL geben, sollte es irgend etwas positives während des Drillings geben; zudem ist das Ergebnis von Anadarko wichtig...
Ich drücke PCL die Daumen, fürchte zunächst jedoch eher sinkende Kurse...
Das "Problem" in meinen Augen ist jedoch, dass Apache - die ja nach vor ein paar Wochen eine zweite well in L8 angekündigt hatten - nach intensiver Bewertung der Lage, sich aus dem Projekt zurück zieht. Das wird für viele Investoren ein negatives Signal bezüglich der Qualutät von L8 sein... (Selbst der L6/L9-Nachbar FAR hat ja heute gelitten);
Was auch immer die Gründe für Apache waren (vielleicht sehen sie nun doch eher Gas- als Oil-Potential...); kurzfristig wird das eher negativ für PCL sein...
Vermutlich werden alle verbliebenen Partner ihren Stake nun verdoppeln - PCL dann wohl 30% Share - wichtig sicher die Frage, wie sich Tullow verhält; insbesondere, ob sie die Operationship übernehmen...
Jetzt sind jedenfalls viele Fragen zu klären und die geplante well in 2014 ist eher unwahrscheinlich. L8 war zuvor ein High Risk Play; das Risiko aus Sicht des Kapitalmarkt ist nun wohl eher noch angestiegen.
In 4-5 Monaten gibt es das erste Drilling in 10a/b. Da wird es vielleicht wieder Bewegung für PCL geben, sollte es irgend etwas positives während des Drillings geben; zudem ist das Ergebnis von Anadarko wichtig...
Ich drücke PCL die Daumen, fürchte zunächst jedoch eher sinkende Kurse...
Trading Spotlight
Hallo, an die @AOI Gemeinde:
PCL hat sofort geantwortet.
Das sind wohl die Kernaussagen der PCL Meldung. Demnach hat Apache eine 90 Tage Frist nicht eingehalten. wird aber wohl noch kommen. Nach dem ersten leichten Schock lassen diese PCL Aussagen doch optimistisch in die Zukunft schauen, zumal Tullow dabei ist.
"Withdrawal from the JOA requires 60 days’ written notice, and resignation as Operator requires 90 days’ notice; however Pancontinental expects Apache to give these notices shortly."
"Pancontinental considers, while it is unfortunate to see Apache’s strategic withdrawal, that this provides an opportunity to increase its interest in what it regards as a very worthwhile exploration area offshore East Africa."
Kenya L8 Licence Potential
"Including L8, Pancontinental holds interests in four licences over 20,000 sq km offshore Kenya.
L8 contains numerous Prospects and Leads to pursue for oil and Pancontinental is now looking forward to a new Operator and a re-formed Joint Venture."
"Following the Mbawa 1 gas discovery, it is interpreted that there is a major, deeper opportunity to discover oil in strata that have not yet been tested in L8. A number of Prospects have been mapped out as potential future drilling targets to test this concept.
Pancontinental continues to regard Kenya as one of the best and most stable Business environments in Sub-Saharan Africa."
PCL hat sofort geantwortet.
Das sind wohl die Kernaussagen der PCL Meldung. Demnach hat Apache eine 90 Tage Frist nicht eingehalten. wird aber wohl noch kommen. Nach dem ersten leichten Schock lassen diese PCL Aussagen doch optimistisch in die Zukunft schauen, zumal Tullow dabei ist.
"Withdrawal from the JOA requires 60 days’ written notice, and resignation as Operator requires 90 days’ notice; however Pancontinental expects Apache to give these notices shortly."
"Pancontinental considers, while it is unfortunate to see Apache’s strategic withdrawal, that this provides an opportunity to increase its interest in what it regards as a very worthwhile exploration area offshore East Africa."
Kenya L8 Licence Potential
"Including L8, Pancontinental holds interests in four licences over 20,000 sq km offshore Kenya.
L8 contains numerous Prospects and Leads to pursue for oil and Pancontinental is now looking forward to a new Operator and a re-formed Joint Venture."
"Following the Mbawa 1 gas discovery, it is interpreted that there is a major, deeper opportunity to discover oil in strata that have not yet been tested in L8. A number of Prospects have been mapped out as potential future drilling targets to test this concept.
Pancontinental continues to regard Kenya as one of the best and most stable Business environments in Sub-Saharan Africa."
Antwort auf Beitrag Nr.: 45.595.781 von gimo211 am 09.10.13 15:57:42keine bange, die offshore-blocks sind sehr viel kostenintensiver in der exploration, zudem muss hier erstmal onshore öl fliessen, sprich pipelines gebaut werden! also mit offshore würde ich mich augenblicklich sowieso nicht beschäftigen, das kann nur in geopolitisch stabilem umfeld geschehen, weil zu sehr angreiffbar durch todeskommandos!
Vermutlich keine gute Nachrichten für PCL.... Apache steigt aus dem L8-JV aus...
UpstreamOnline:
Apache is poised to exit a deep-water block off Kenya after the US independent decided to abandon its exploration effort in the East African country, according to a report.
The company now intends to relinquish its 50% stake in Block L-08 – its sole Kenyan asset – after finding only non-commercial volumes of gas with its Mbawa-1 well last year.
“We determined that other areas in our worldwide portfolio provided better opportunities for future capital investments,” Apache senior vice president of corporate affairs Bob Dye informed Reuters, adding the Kenyan authorities had been notified of the company’s decision to surrender the stake.
Apache had recently committed to drill a follow-up wildcat at the Kipungu prospect next year in the block, where it is partnered by UK player Tullow Oil and Australia’s Pancontinental.
Dye underlined the company’s decision was not influenced by a militant attack last month on a Nairobi shopping mall that left at least 67 people dead and has raised questions over the security of facilities being used for oil and gas exploration.
While Tullow and partner Africa Oil have been successful in making onshore oil discoveries in Kenya’s prospective Lokichar basin, the country has yet to tap the potential of its deep-water play as it seeks to emulate neighbours Tanzania and Mozambique where major gas finds have been made.
Kenya is now looking to launch its first formal licensing round, having mapped out at least seven exploration blocks including both onshore and offshore acreage.
UpstreamOnline:
Apache is poised to exit a deep-water block off Kenya after the US independent decided to abandon its exploration effort in the East African country, according to a report.
The company now intends to relinquish its 50% stake in Block L-08 – its sole Kenyan asset – after finding only non-commercial volumes of gas with its Mbawa-1 well last year.
“We determined that other areas in our worldwide portfolio provided better opportunities for future capital investments,” Apache senior vice president of corporate affairs Bob Dye informed Reuters, adding the Kenyan authorities had been notified of the company’s decision to surrender the stake.
Apache had recently committed to drill a follow-up wildcat at the Kipungu prospect next year in the block, where it is partnered by UK player Tullow Oil and Australia’s Pancontinental.
Dye underlined the company’s decision was not influenced by a militant attack last month on a Nairobi shopping mall that left at least 67 people dead and has raised questions over the security of facilities being used for oil and gas exploration.
While Tullow and partner Africa Oil have been successful in making onshore oil discoveries in Kenya’s prospective Lokichar basin, the country has yet to tap the potential of its deep-water play as it seeks to emulate neighbours Tanzania and Mozambique where major gas finds have been made.
Kenya is now looking to launch its first formal licensing round, having mapped out at least seven exploration blocks including both onshore and offshore acreage.
Es gibt Berichterstattung zum New Age-Drilling in den Blöcken 7/8: scheinbar kam es noch vor Bohrbeginn zu technischen Problemen am Rig, die zunächst behoben werden sollen:
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05 October 2013 Written by Kaleyesus Bekele
New Age encounters mechanical problem with drilling rig
The British oil company, New Age, which has been under preparation to drill an appraisal well in the Ogaden basin El Kuran locality has encountered mechanical problem with the drilling ring.
New Age (African Global Energy) Limited works in the Ogaden basin Block 7, 8 and the Adigala concessions with its partner, Africa Oil, the Canadian oil firm. New Age (the operator) and Africa Oil selected an area in the El Kuran locality to drill an appraisal well. The well site has been constructed, erection of the rig was completed at site and the well was expected to spud last month.
However, at the final minute the drilling crew discovered a mechanical problem with drilling rig. “They discovered something wrong with the drilling rig in the last minute so they have to repair it first,” sources told The Reporter. The well is operated by New African Global Energy and is expected to spud in October. “In this well they know there is oil. The key thing here is that to make it flow,” sources added. According to sources the company is expected to try tracking or horizontal drilling.
Both New Age and Africa Oil’s offices in Addis Ababa have declined to comment on the matter.
New Age (African Global Energy) Limited engages in the exploration, development, and production of oil and gas primarily in the African region. The company holds licenses for 13 onshore and offshore blocks in Congo-Brazzaville, Ethiopia, South Africa, and Kurdistan covering an area of approximately 88,000 sqkm. According to the company’s official website the company has a portfolio of development, appraisal, and exploration assets with 37.5 million barrels of oil equivalent of gross probable reserves, 17.1 million barrels of oil equivalent of gross contingent resources, and 702.2 million barrels of oil equivalent of gross prospective resources. New Age (African Global Energy) Limited was founded in 2007 and is based in London.
Last year Africa Oil Corp. reported that it has completed the farmout agreement with New Age (African Global Energy) whereby New Age acquired an additional 25 percent interest in Africa Oil's Blocks 7 and 8 in Ethiopia, together with operatorship of Blocks 7 and 8 and the Adigala Area. In consideration of the assignment of the interest New Age paid Africa Oil 1.5 million dollars in consideration of past costs. Following the completion of the New Age farmout transaction, the resulting interest in Blocks 7 and 8 will be Africa Oil 30 percent, New Age 40 percent and Afren Plc 30 percent.
In a report issued last month Africa Oil said it is focusing on its concession in the Ogaden basin. The report indicated that the company and its partners continue to focus on the El Kuran oil accumulation on Block 8, in the Ogaden basin discovered in the early 1970's. “After completing reservoir characterization studies, the company focused efforts on testing and completion strategies for producing commercial quantities of oil and gas.”
Tenneco, an American company that was prospecting for oil in the Ogaden basin, discovered oil flow in El Kuran-1 in 1973. At that time the oil reserve was not reported as a discovery. Tenneco believed that it was a non commercial reserve. Tenneco which discovered the Calub gas field in 1972 was expelled by the Socialist regime following the 1974 revolution.
Petroleum experts assert that at that time exploration technology was not advanced. The experts believe that now with new exploration technology Africa Oil and its partner New Age may confirm the existence of commercial oil and gas reserve in the region.
In the mid 1990s Hunt Oil, another US company, drilled an exploration well at El Kuran locality-El Kuran-2 that turned out dry. El Kuran is found near the Somalia border.
http://www.thereporterethiopia.com/index.php/news-headlines/…
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User freddahl hat auf stockhouse einen Beitrag zur Ansicht von Carnegie eingestellt - leider kein Link verfügbar:
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AFRICA OIL: A VERY LIKELY TO BUYING PROPERTY IN ACCORDANCE WITH CARNEGIE
12:20
STOCKHOLM (AFX) Carnegie believes that Africa Oil is a very likely acquisition targets in the coming years and that the company's license areas in East Africa is one of the world's most attractive oil exploration areas.
It writes the investment bank in an up to date analysis, where coverage begins with buy recommendation and price target of SEK 90.
Oil exploration company has unique assets in Kenya and Ethiopia to be a smaller exploration companies, bank notes, and highlights include the Africa Oil is fortunate when drilling does not need to occur in deep waters or with controversial extraction methods.
The shares had a dismal trend for the last twelve months, says Carnegie with concern for Africa Oil's drilling efficiency and to finance future activities acted wet blanket over the share price.
Carnegie believes that Africa Oil on two or three will be sold altogether, or at least parts of it, because of the extensive development, with associated capital requirements, that could wait a corporation of Africa Oil in context rather small size.
Africa Oil's shares were up more than 3 percent to SEK 55:75 at noon on Friday
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RBC hat einige der laufenden/anstehenden Drillings mit Preisschildern versehen:
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RBC
Extract from this morning's report. As a reminder, the International Oil & Gas Conference is going on today in London; AOI is a participant. GLTA Key wells drilling Africa Oil (AOI.V/AOI.ST): during the next month or so shareholders should expect updates from Agete-1 (+C$2.01/-C$0.86 per share), Tultule-1 (+C$0.11/-C$0.03) and Amosing-1 (+C$1.62/-C$0.69) in the East African Rift. In addition the company was scheduled to spud the high-risk high-reward Bahasi-1 well, on the Block 9, at the start of October; we include upside/ risk of +C$2.94/-C$0.33 per share for this 90-day well in our Africa Oil NAV
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Nochmals 2 Beiträge von user freddahl/stockhouse - Pareto war bislang gut informiert:
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AFRICA OIL: PARETO SECURITIES
STOCKHOLM (AFX) Pareto Securities resumes active coverage of Africa Oil with a buy recommendation and a price target of SEK 90 share. Pareto expect that a financial solution in the coming months can get Africa Oil price rise and better reflect the underlying value of Africa Oil's assets. According to a newsletter. Publicly Editor +46 8 5191 7910 Direkt
STOCKHOLM ( AFX)
Pareto Securities resumes active coverage of Africa Oil with a buy recommendation and a price target of 90 crowns.
From an analysis dated October 8.
Pareto expect that a financial solution in the coming months can get Africa Oil price rise and better reflect the underlying value of the company's assets . These values Pareto analyst today to 94 per share , of which South Lokichar Basin valued at SEK 68. In other words, Africa Oil's share price reflects not the underlying value of the assets, write brokerage firm . At 12-18 months ahead looks Pareto opportunities for an increase in the target price as the company opens up new basins. The key to a height measurement in the short term is therefore funding. The share price is unlikely to fully reflect the underlying value of the assets before financing of the company's operations from 2014 onwards are in place, writes analyst. Africa Oil had a cash balance of $ 179 million at mid-year and Pareto waiting to approximately 55 million people will remain at the end of the year. We estimate that the company's exploration budget will increase to 318 million in 2014. Africa Oil will therefore need a solution to the funding issue at the end of 2013 , reason Pareto analyst on. Africa Oil has a number of possible ways to secure capital. The most likely option is a so-called farm-out of shares in blocks , for cash or for investment subsidies, or a new issue. According to Pareto 's farm-out the most likely option in the long term. In the short to medium term, new equity capital , however, be appropriate , if the company chooses to defer a farm-out until the value of the assets to be increased . If the company is waiting with a farm-out , it means a need of 300-350 million in new capital to finance the business in 2014 , which would increase the number of shares by 15 to 20 percent and reduce the net asset value per share by 5 to 10 percent , continues Pareto . Such dilution could have a negative effect on the share price , allowing Pareto , who , however, believe that the reduced uncertainty as a financing solution means in the end will lead to a higher share price.
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Die Société Générale (SG) scheint ein etwas perfides Spiel spielen zu wollen: Ein Downgrade von AOI auf Sell und auf 50 Kronen.
Auf stockhouse gibt es Spekulationen wonach SG recht enge Verbindungen zu Total hat, die bekanntlich in Uganda ein JV Partner von Tullow und CNOOC und ggf. scharf auf AOI sind. Egal was es ist, die vollkommene Ignoranz des Lokichar Basins, der bevorstehenden Basin-Opening-Drillings und eine derart starke Betonung von Risiken zum jetzigen Zeitpunkt, das hat imho einen Beigeschmack.
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AFRICA OIL AT LEAST PREFERRED SHARES IN SECTOR UNDER SGE (Bloomberg)
2013-10-07 08:49 .
STOCKHOLM ( Reuters) Oil exploration company Africa Oil judged overvalued and significant risks remain still . Furthermore, the share epithet "least preferred stock " in exploration and oil sector.
So justifies the French investment bank Société Générale its sales stamp on Africa Oil as an up to date analysis in which the target price , however, increased slightly to 52 billion, from the previous 50.
Investment bank notes indeed that there is scope for positive messages from the Company's drilling program but also points that there still exists significant exploration risks, and operational risks in East Africa.
As for funding for next year's drilling program, where several options are contemplated , Société Générale takes a cautious approach and wait for a better time to be a part of the 2014 drilling adventure.
The next significant events from the ongoing drilling program , worth watching, the results from the Kenyan Agete well and the Ethiopian diton Tultule , reminds Bank.
Henrik Svensson +46 8 5191 7924
Direkt
https://www.avanza.se/placera/telegram/2013/10/07/africa-oil…
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05 October 2013 Written by Kaleyesus Bekele
New Age encounters mechanical problem with drilling rig
The British oil company, New Age, which has been under preparation to drill an appraisal well in the Ogaden basin El Kuran locality has encountered mechanical problem with the drilling ring.
New Age (African Global Energy) Limited works in the Ogaden basin Block 7, 8 and the Adigala concessions with its partner, Africa Oil, the Canadian oil firm. New Age (the operator) and Africa Oil selected an area in the El Kuran locality to drill an appraisal well. The well site has been constructed, erection of the rig was completed at site and the well was expected to spud last month.
However, at the final minute the drilling crew discovered a mechanical problem with drilling rig. “They discovered something wrong with the drilling rig in the last minute so they have to repair it first,” sources told The Reporter. The well is operated by New African Global Energy and is expected to spud in October. “In this well they know there is oil. The key thing here is that to make it flow,” sources added. According to sources the company is expected to try tracking or horizontal drilling.
Both New Age and Africa Oil’s offices in Addis Ababa have declined to comment on the matter.
New Age (African Global Energy) Limited engages in the exploration, development, and production of oil and gas primarily in the African region. The company holds licenses for 13 onshore and offshore blocks in Congo-Brazzaville, Ethiopia, South Africa, and Kurdistan covering an area of approximately 88,000 sqkm. According to the company’s official website the company has a portfolio of development, appraisal, and exploration assets with 37.5 million barrels of oil equivalent of gross probable reserves, 17.1 million barrels of oil equivalent of gross contingent resources, and 702.2 million barrels of oil equivalent of gross prospective resources. New Age (African Global Energy) Limited was founded in 2007 and is based in London.
Last year Africa Oil Corp. reported that it has completed the farmout agreement with New Age (African Global Energy) whereby New Age acquired an additional 25 percent interest in Africa Oil's Blocks 7 and 8 in Ethiopia, together with operatorship of Blocks 7 and 8 and the Adigala Area. In consideration of the assignment of the interest New Age paid Africa Oil 1.5 million dollars in consideration of past costs. Following the completion of the New Age farmout transaction, the resulting interest in Blocks 7 and 8 will be Africa Oil 30 percent, New Age 40 percent and Afren Plc 30 percent.
In a report issued last month Africa Oil said it is focusing on its concession in the Ogaden basin. The report indicated that the company and its partners continue to focus on the El Kuran oil accumulation on Block 8, in the Ogaden basin discovered in the early 1970's. “After completing reservoir characterization studies, the company focused efforts on testing and completion strategies for producing commercial quantities of oil and gas.”
Tenneco, an American company that was prospecting for oil in the Ogaden basin, discovered oil flow in El Kuran-1 in 1973. At that time the oil reserve was not reported as a discovery. Tenneco believed that it was a non commercial reserve. Tenneco which discovered the Calub gas field in 1972 was expelled by the Socialist regime following the 1974 revolution.
Petroleum experts assert that at that time exploration technology was not advanced. The experts believe that now with new exploration technology Africa Oil and its partner New Age may confirm the existence of commercial oil and gas reserve in the region.
In the mid 1990s Hunt Oil, another US company, drilled an exploration well at El Kuran locality-El Kuran-2 that turned out dry. El Kuran is found near the Somalia border.
http://www.thereporterethiopia.com/index.php/news-headlines/…
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User freddahl hat auf stockhouse einen Beitrag zur Ansicht von Carnegie eingestellt - leider kein Link verfügbar:
---
AFRICA OIL: A VERY LIKELY TO BUYING PROPERTY IN ACCORDANCE WITH CARNEGIE
12:20
STOCKHOLM (AFX) Carnegie believes that Africa Oil is a very likely acquisition targets in the coming years and that the company's license areas in East Africa is one of the world's most attractive oil exploration areas.
It writes the investment bank in an up to date analysis, where coverage begins with buy recommendation and price target of SEK 90.
Oil exploration company has unique assets in Kenya and Ethiopia to be a smaller exploration companies, bank notes, and highlights include the Africa Oil is fortunate when drilling does not need to occur in deep waters or with controversial extraction methods.
The shares had a dismal trend for the last twelve months, says Carnegie with concern for Africa Oil's drilling efficiency and to finance future activities acted wet blanket over the share price.
Carnegie believes that Africa Oil on two or three will be sold altogether, or at least parts of it, because of the extensive development, with associated capital requirements, that could wait a corporation of Africa Oil in context rather small size.
Africa Oil's shares were up more than 3 percent to SEK 55:75 at noon on Friday
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RBC hat einige der laufenden/anstehenden Drillings mit Preisschildern versehen:
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RBC
Extract from this morning's report. As a reminder, the International Oil & Gas Conference is going on today in London; AOI is a participant. GLTA Key wells drilling Africa Oil (AOI.V/AOI.ST): during the next month or so shareholders should expect updates from Agete-1 (+C$2.01/-C$0.86 per share), Tultule-1 (+C$0.11/-C$0.03) and Amosing-1 (+C$1.62/-C$0.69) in the East African Rift. In addition the company was scheduled to spud the high-risk high-reward Bahasi-1 well, on the Block 9, at the start of October; we include upside/ risk of +C$2.94/-C$0.33 per share for this 90-day well in our Africa Oil NAV
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Nochmals 2 Beiträge von user freddahl/stockhouse - Pareto war bislang gut informiert:
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AFRICA OIL: PARETO SECURITIES
STOCKHOLM (AFX) Pareto Securities resumes active coverage of Africa Oil with a buy recommendation and a price target of SEK 90 share. Pareto expect that a financial solution in the coming months can get Africa Oil price rise and better reflect the underlying value of Africa Oil's assets. According to a newsletter. Publicly Editor +46 8 5191 7910 Direkt
STOCKHOLM ( AFX)
Pareto Securities resumes active coverage of Africa Oil with a buy recommendation and a price target of 90 crowns.
From an analysis dated October 8.
Pareto expect that a financial solution in the coming months can get Africa Oil price rise and better reflect the underlying value of the company's assets . These values Pareto analyst today to 94 per share , of which South Lokichar Basin valued at SEK 68. In other words, Africa Oil's share price reflects not the underlying value of the assets, write brokerage firm . At 12-18 months ahead looks Pareto opportunities for an increase in the target price as the company opens up new basins. The key to a height measurement in the short term is therefore funding. The share price is unlikely to fully reflect the underlying value of the assets before financing of the company's operations from 2014 onwards are in place, writes analyst. Africa Oil had a cash balance of $ 179 million at mid-year and Pareto waiting to approximately 55 million people will remain at the end of the year. We estimate that the company's exploration budget will increase to 318 million in 2014. Africa Oil will therefore need a solution to the funding issue at the end of 2013 , reason Pareto analyst on. Africa Oil has a number of possible ways to secure capital. The most likely option is a so-called farm-out of shares in blocks , for cash or for investment subsidies, or a new issue. According to Pareto 's farm-out the most likely option in the long term. In the short to medium term, new equity capital , however, be appropriate , if the company chooses to defer a farm-out until the value of the assets to be increased . If the company is waiting with a farm-out , it means a need of 300-350 million in new capital to finance the business in 2014 , which would increase the number of shares by 15 to 20 percent and reduce the net asset value per share by 5 to 10 percent , continues Pareto . Such dilution could have a negative effect on the share price , allowing Pareto , who , however, believe that the reduced uncertainty as a financing solution means in the end will lead to a higher share price.
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Die Société Générale (SG) scheint ein etwas perfides Spiel spielen zu wollen: Ein Downgrade von AOI auf Sell und auf 50 Kronen.
Auf stockhouse gibt es Spekulationen wonach SG recht enge Verbindungen zu Total hat, die bekanntlich in Uganda ein JV Partner von Tullow und CNOOC und ggf. scharf auf AOI sind. Egal was es ist, die vollkommene Ignoranz des Lokichar Basins, der bevorstehenden Basin-Opening-Drillings und eine derart starke Betonung von Risiken zum jetzigen Zeitpunkt, das hat imho einen Beigeschmack.
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AFRICA OIL AT LEAST PREFERRED SHARES IN SECTOR UNDER SGE (Bloomberg)
2013-10-07 08:49 .
STOCKHOLM ( Reuters) Oil exploration company Africa Oil judged overvalued and significant risks remain still . Furthermore, the share epithet "least preferred stock " in exploration and oil sector.
So justifies the French investment bank Société Générale its sales stamp on Africa Oil as an up to date analysis in which the target price , however, increased slightly to 52 billion, from the previous 50.
Investment bank notes indeed that there is scope for positive messages from the Company's drilling program but also points that there still exists significant exploration risks, and operational risks in East Africa.
As for funding for next year's drilling program, where several options are contemplated , Société Générale takes a cautious approach and wait for a better time to be a part of the 2014 drilling adventure.
The next significant events from the ongoing drilling program , worth watching, the results from the Kenyan Agete well and the Ethiopian diton Tultule , reminds Bank.
Henrik Svensson +46 8 5191 7924
Direkt
https://www.avanza.se/placera/telegram/2013/10/07/africa-oil…
Antwort auf Beitrag Nr.: 45.588.641 von gabbo62 am 08.10.13 16:26:32Hi gabbo,
danke für's reinstellen.
Wenn man das hier so ließt, wird einem erst so richtig bewusst, was für einen Erfolg wir bisher schon hatten.
Das war kein Glück sonder Können !!!
Erfolg kommt nicht von alleine. Da steckt viel Arbeit, Wissen und Können drin. Dies Zeit nun mal was für tolle Unternehmen Tullow und AOI sind.
Hut ab vor so einer Company
Nun zur Charttechnik:
Gestern hatten wir einen bearih Harami Cross. Die Bullen haben die Kontrolle. Die negative Stimmung, die bis zum letzten bearishen Muster geführt hat verdampft. Das sagt zumindest der Candelstick.
Der Chart sagt noch was anderes:
- RSI im grünen Bereich
- SAR im grünen Bereich
Slow sto ist seit gestern im roten Bereich und dies ist mit Vorsicht zu genießen.
Wer meine Chartanalyse ließt, weis das ich immer mehrere Faktoren betrachte. Eine grüne oder rote Gegebenheit mahnt mich zur Vorsicht. Mehr aber auch nicht. Wie schon geschrieben sind hier auch die Umsätze zu betrachten. Da dieser Wert sehr stark bei geringen Umsätzen geteuert werden kann. Somit sind dann aber auch schnell Fehlsignale vorhanden.
Der Umsatz am Freitag mit fast 1,5 Mio Stück in Canada waren schon beachtlich. Ab mitte September sind überwiegend Umsätze über 500 K zu sehen. Somit ist die Charttechnik gut anzuwenden.
Ausblick:
Noch befinden wir uns in einem kurzfristigen Aufwärtskanal. 8,50 C$ sind erstmal eine wenn auch leichte Unterstützung.
Ich gehe mal von einer Seitwärtsbewegung aus die sich zwischen 8,5 und 9,2 C$ bewegen wird.
Eine grosse Unterstützung befindet sich dann wieder bei 8,50 C$.
Soweit der kurzfristige Ausblick.
Niki
danke für's reinstellen.
Wenn man das hier so ließt, wird einem erst so richtig bewusst, was für einen Erfolg wir bisher schon hatten.
Das war kein Glück sonder Können !!!
Erfolg kommt nicht von alleine. Da steckt viel Arbeit, Wissen und Können drin. Dies Zeit nun mal was für tolle Unternehmen Tullow und AOI sind.
Hut ab vor so einer Company
Nun zur Charttechnik:
Gestern hatten wir einen bearih Harami Cross. Die Bullen haben die Kontrolle. Die negative Stimmung, die bis zum letzten bearishen Muster geführt hat verdampft. Das sagt zumindest der Candelstick.
Der Chart sagt noch was anderes:
- RSI im grünen Bereich
- SAR im grünen Bereich
Slow sto ist seit gestern im roten Bereich und dies ist mit Vorsicht zu genießen.
Wer meine Chartanalyse ließt, weis das ich immer mehrere Faktoren betrachte. Eine grüne oder rote Gegebenheit mahnt mich zur Vorsicht. Mehr aber auch nicht. Wie schon geschrieben sind hier auch die Umsätze zu betrachten. Da dieser Wert sehr stark bei geringen Umsätzen geteuert werden kann. Somit sind dann aber auch schnell Fehlsignale vorhanden.
Der Umsatz am Freitag mit fast 1,5 Mio Stück in Canada waren schon beachtlich. Ab mitte September sind überwiegend Umsätze über 500 K zu sehen. Somit ist die Charttechnik gut anzuwenden.
Ausblick:
Noch befinden wir uns in einem kurzfristigen Aufwärtskanal. 8,50 C$ sind erstmal eine wenn auch leichte Unterstützung.
Ich gehe mal von einer Seitwärtsbewegung aus die sich zwischen 8,5 und 9,2 C$ bewegen wird.
Eine grosse Unterstützung befindet sich dann wieder bei 8,50 C$.
Soweit der kurzfristige Ausblick.
Niki
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