Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 186)

[gabbo62]

Sabisa-Ergebnisse sind für Ende Mai angekündigt.
Wir befinden uns in der letzten Mai-Woche.
Heute rechne ich wegen Feiertag in USA (Memorial Day) noch nicht damit.
Morgen vor der Präsentation würde passen.

[motz1]

So, langsam haben wir Ende Mai .

Sabisa und Ngamia stehen ohnehin an. Etuko ist am Montag 14 Tage alt, am Donnerstag 17 - bei ~50m/Tag könnten wir uns schon auf 750m Tiefe befinden...


Es gibt neben der Präsentation am Dienstag noch eine bei Remium, die findet am Donnerstag statt. Der Logik von 2012 folgend sollte K.H. für die Präsentationen wieder was mitgebracht haben, hoffe ich...

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Africa Oil - Lunchpresentation 30/5
11:14 / 23 maj 2013

Remium arrangerar löpande luncher med spännande mindre och medelstora företag. Under lunchen presenterar bolagen sin verksamhet, den senaste finansiella utvecklingen och lämnar utrymme för frågor. I mån av plats erbjuder vi nu besökare på introduce.se att anmäla sig till dessa luncher kostnadsfritt.

Africa Oil
VD Keith C. Hill
Torsdag 30:e Maj
Klockan 12:00-13:00
Remium, Kungsgatan 12-14

O.S.A senast dagen innan till Ida Sundström på telefon 08 - 454 32 00 eller via mail till [e-mail]. Antalet platser är begränsat och Remium ber intresserade att anmäla sitt intresse så snart som möjligt.

http://www.introduce.se/artiklar/2013/5/africa-oil-lunchpres…


Google-Übersetzung:

Africa Oil - Packed Presentation 5/30
11:14 / May 23, 2013

Remium organizes regular lunches with exciting small and mid-sized businesses. During lunch featuring companies operations, the most recent financial developments and leave room for questions. Depending on space, we now offer visitors to introduce.se to sign up for these free lunches.

Africa Oil
MD Keith C. Hill
Thursday, May 30
At 12:00 to 13:00
Remium, Kungsgatan 12-14

RSVP by the day before to Ida Sundstrom on telephone [phone] or via email to [e-mail]. Seats are limited and Remium're interested to register their interest as soon as possible.

[texas2]

Zitat von gimo211: Sehr lesenswerter Artikel im Economist bezüglich der Situation rund um die Planung der Oil Pipeline, die Uganda, South Sudan, Ethiopien und Kenya gemeinsam auf den Weg zu bringen beabsichtigen. Alles schwierig in Africa...

http://www.economist.com/news/middle-east-and-africa/2157840…

... oder wer den Poker zu weit ausreizt, hat es am Ende auch verbockt - in Bezug auf die ostafrikanischen Freunde.

Unser Zock: Wenn genug bbl als sichere Reserven nachgewiesen sind wird schon ein Staatlicher oder gewichtiger Major bei AOI zugreifen wollen.

[niki550525]

Antwort auf Beitrag Nr.: 44.703.889 von schwochner am 23.05.13 21:42:01

Stimme Deinen Ausführungen voll zu. Interessant auch der Artikel von gimo211 , danke fürs reinstellen. Denke das das auch ein großes Problem für Investoren darstellt. Öl finden ist eine Sache. Dieses dann auch zu verwerten ist die zweite Sache. Was uns als Europäer nicht so bewust ist, ist die enorme Korruption die in diesen Ländern herrscht. der unterschriebene Vertrag von gestern kann morgen schon keinen Pfifferling Wert sein, denn das Spiel läuft in den obersten Ebenen. Nur die ganz grossen Player /Gesellschaften haben über Ihre Lobby die Macht über Politiker druck auf solche Machenschaften auszuüben.
Nun stellt sich die Frage ob man dies der Lundifamilie zutraut.
Die Vergangenheit zeigt, dass die Lundi Group bisher immer das richtige getan hat um erfolgreich zu sein,wie auch immer sie das angestellt haben
Ich denke und bin auch überzeugt, das sie auch dieses Schiff in den richtigen Hafen steuern werden.
Leider spielt die grosse Politik in diesem Falle auch eine grosse Rolle. Rohstoffe sind seit geraumer Zeit, zumindest ab ende letztem Jahre nicht im Blickpunkt der grossen Investoren. Herrscht zudem Käuferstreik, kann der Kurs leicht in eine Richtung getrieben und auch gehalten werden, wie es derzeit der Fall ist. Wer meine Beiträge schon mal gelesen hat weiß, dass ich viele Entscheidungen über die Charttechnik mache. Seit geraumer Zeit stellen sich aber charttechnische kaufsignale meist als Fehlsingale heraus, da diese Kaufsignale zum Abverkauf genützt werden.
Tja, da kann man nur der Weisheit harren, die sagt was fällt wird auch mal wieder steigen. Wie gesagt an den Fundamentaldaten und den Zukunftsausichten kanns nicht liegen.
Es ist halt eine Frage der Zeit und ob man die als kleiner Anleger auch hat.
Niki

[gimo211]

Sehr lesenswerter Artikel im Economist bezüglich der Situation rund um die Planung der Oil Pipeline, die Uganda, South Sudan, Ethiopien und Kenya gemeinsam auf den Weg zu bringen beabsichtigen. Alles schwierig in Africa...

http://www.economist.com/news/middle-east-and-africa/2157840…

[schwochner]

Antwort auf Beitrag Nr.: 44.700.791 von niki550525 am 23.05.13 15:23:28

Genau das ist das Problem. Mit dem Notenbankgeld werden vor allem die Standardaktien aufgeblasen. Und das, was normalerweile in den Ölsektor fließt, wird von Goldman Sachs & Co. in die Fracking-Industrie umgeleitet. Die Fondsmanager blasen mit ihren Kundengeldern lieber neue Blasen auf - anscheinend wollen sie keine günstigen Aktien mit Potenzial haben. Es kommen aber auch irgendwann wieder andere Zeiten. Man braucht eben einen langen Atem und sollte nicht jeden Tag auf die Kurse schauen.
Wenn China nicht völlig abschmiert, verbraucht die Welt wahrscheinlich schon in ein paar Jahren mehr, als produziert werden kann. Dann wird das Gerangel um das letzte billige Öl erst richtig losgehen.

[niki550525]

Das find ich ja schon Super. Zuerst gehen die Weltbörsen stetig nach oben und die Rohstoffaktien werden verkauft auf Teufel komm raus.
Nun lassen die Weltbörsen die ersten Federn und was passiert ?
Richtig, die Rohstoffaktien werden weiter verkauft......
Irgendwie doch nicht normal.
Hier wurde gute Arbeit geleistet und super Erfolge erziehlt. Die Aussichten sind mehr als hervorragend. Trotzdem wird das Papier gemieden oder verkauft. Da wird das warten auf Kursbesserung doch zur Qual......
Niki

[motz1]

Antwort auf Beitrag Nr.: 44.684.671 von motz1 am 21.05.13 18:59:15

Variante eins ist richtig - ich lag falsch. Tullow ist natürlich auch an Block 10A beteiligt, damit sind es sechs Blöcke. Pardon me...

[motz1]

Zitat von motz1: "Once we got all the acreage together and the geological story together, we were able to draw up and attract partners, primarily Tullow, who came into six of our blocks. We also brought in a UK company called Afren, who is primarily involved in Nigeria."

In welchen Blöcken ist Tullow unser Partner?
10BB 50.0%
13T 50.0%
10BA 50.0%
12A 20.0%
Ethiopia South Omo 50.0%

Das sind aber 5. Entweder ich liege daneben. Oder KH kann nicht zählen, er wurde falsch zitiert oder Tullow ist nun auch an Rift Valley Area beteiligt. Letzteres wäre sicherlich nicht zu unserem Nachteil...

[motz1]

Interessanter Beitrag, gepostet von Entreprise84333/stockhouse:

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African oil production - west to east


20 May 2013

By Sean Davies

Africa Oil’s long-term plan is to cultivate a workforce from local talent


Traditionally oil production in Africa has been centred on the west coast, but recently that exploration has moved to the eastern extremes.

Although Africa is made up of 54 countries and an estimated 805 million people, to date oil and gas production has been focused on just five nations ' Nigeria, Libya, Algeria, Egypt and Angola. But that is about to change, with the eastern states of Kenya, Somalia and Ethiopia joining the party.

According to the 2012 BP Statistical Energy Survey, Africa had proven oil reserves of 132,438 billion barrels at the end of 2011, equivalent to 41.2 years of current production and 8.01 per cent of the world's reserves. The continent produced an average 8.8 million barrels of crude oil per day in 2011, just over 10 per cent of the global output.

The big five account for 85 per cent of Africa's oil production. Other oil producing countries are Gabon, Congo, Cameroon, Tunisia, Equatorial Guinea, the Democratic Republic of the Congo, and Cote d'Ivoire.

Africa Oil Corporation, a Canadian-based exploration and production company, are attempting to move this oil production scenario eastwards. The company holds rights to blocks in East Africa ' some of which were surveyed last decade and abandoned by oil majors.

"It is virgin exploration," Keith Hill, CEO of Africa Oil explains. "We are in three countries, Kenya, Ethiopia and Somalia; none of these have any proven reserves or production."

The region has an unsavoury reputation for unrest and crime but Hill feels there are no particular challenges on that front. "I think in Somalia there is probably geo-political reasons why it has not been developed. The major oil companies did go to Kenya and Ethiopia in the 80s and early 90s and they found relatively small oil fields that they didn't think warranted development.

"Since then there have been major discoveries made in Sudan, Uganda and Yemen that have similar geology. We picked these up believing that geology extended into peace countries."

The current seismic and well database provides sufficient information to identify a large number of prospects and leads. Some of the prospects and leads have the potential to target multiple stacked plays.

"There were a lot of existing seismic surveys from the previous operators that we were able to use," Hill says. "We then added our own seismic and were able to identify a number of dig prospects. We spent a lot of time understanding what the previous dig people had done so we didn't repeat their mistakes.

"Once we got all the acreage together and the geological story together, we were able to draw up and attract partners, primarily Tullow, who came into six of our blocks. We also brought in a UK company called Afren, who is primarily involved in Nigeria."

Location, location, location

In Kenya, Block 9 and 10A are located in the Anza Graben. This is a Mesozoic basin related to similar Mesozoic basins of southern Sudan (Muglad Basin) where the petroleum system is proven and productive. The Muglad Basin is an analogue and provides calibration for the analysis of the prospectivity of these licenses.

Block 10BB is located south-east of 10A. The block is positioned within the eastern branch of the East African Rift, analogous to recent discoveries made by Tullow Oil and Heritage Oil in Uganda within the western branch of the East African Rift.

Block 10BA is in the north-western part of Kenya within the Kenya Rift, which is part of the East African Rift System. The Block includes onshore areas to the east and west of Lake Turkana and offshore portions of the northern two-thirds of Lake Turkana. Within the Block are several sub-basins and structural fault blocks that are considered part of the Kenya Rift.

The Cretaceous age Anza Graben may extend west of Block 10A to underlie the Tertiary age rift system and could add deep exploration targets. Sub-basins include Lake Turkana North, Lake Turkana Central, Lodwar North and Kerio North.

In Ethiopia, the Ogaden Basin Area is within a proven hydrocarbon setting. However, to date no commercial production has been established. Oil, gas and condensate discoveries indicate that there is a complex petroleum system. The limited available data in this under-explored area indicates that there is a wide range of potential petroleum type and volumes in this basin.

The company are now in the exploratory drilling phase. There are three rigs working at present and the plan is to bring another three rigs in over the course of the year. These wells are being drilled by experienced drilling contractors; a Polish company called OGEC, an American company called Weatherford and an Egyptian company called EDC. "There was a fairly high exploration budget this year of $468m so we have a very active year and it will continue next year," Hill adds.

Activity to date has seen encouraging results. From the three wells completed they have made three discoveries; two of them very significant in Ngamia and Twiga. "We have identified 130 prospective wells and we have an area the size of the North Sea," Hill says. "So its looks fairly interesting in that we are three for three and we have so many prospects still to drill.

"We will spend the next couple of years really getting to understand what we have got, drilling more exploration wells and appraisal wells and shooting 3D seismic until we are confident enough to develop."

Investing in infrastructure

A challenge facing the region is its lack of upstream and downstream infrastructure. The volume of oil would need to be fairly large to justify the construction of a pipeline to transport the crude to a coastal terminal. And clearly they are not there yet. Once a pipeline is in place lower capacity fields come more attractive; the problem is getting enough critical mass to justify that big first infrastructure investment.

The exploratory wells being drilled are not particularly deep; the deepest is 4,000m. "Our wells are all on shore," Hill explains. "We are focused on oil not gas; a lot of the East Africa offshore stuff is primarily gas. We look to smaller, more portable rigs that can be moved as quickly as possible. In the future we will be looking to get smaller rigs, our target depths are generally in the 1,000-2,000m range. We don't need the really big rigs to drill those types of targets."

Electrical logs are run to measure exactly what is down the well and drilling mud is used to control any hydrocarbon flow. The oil is first measured in place and then raised to the surface under controlled conditions for further inspection. "It's not like these movies where you get oil coming up to the surface and spraying up into the sky," Hill adds. "That's what we now call a disaster in the oil industry. So we make sure that we keep these wells under control.

"We can suspend these wells as future producers. It makes sense, after spending an average of $20m, to keep these wells. Currently we are drilling at $40m per well, but that will come down as we drill more and the infrastructure gets established."

As long as they keep finding oil the exploration will continue. The current programme is planned out for the next two year with the aim of reaching a position where they can commence commercial development.

It is always tough to put a figure on the quantity required to justify development but the best guess is between 300 and 500 million barrels of recoverable oil. A position that Hill hopes can be reached by the end of 2013. "If we have the same type of drilling success that we have had so far, we should be in position by the end of the year," Hill says. "I feel confident about a development project."

For the early stages of exploration experienced oil workers are being drafted in, but the long-term plan is to cultivate local talent. "There is a highly talented, well-motivated work force here and we are working to build the capacity and get local content put into our workforce," Hill says.

One of the engineering challenges the company faced is that the crude is very waxy. It needs to be kept warm to prevent it solidifying. The facilities and pipeline are heated to ensure that the oil stays above 40°C. "It's like having a 700km long candle," Hill says. "It's actually fairly light, its 30-40 degrees ATI, so a light crude. It's very common for these crudes to have high wax content. It doesn't detract on the price; it just has to be handled in a special way."

Production of crude oil

Once production can begin the plan is to build a pipeline to Lamu, the port being built by Kenya. "We will probably do this in conjunction with the Ugandans, although those negotiations are still under way," Hill says. "Most of the crude oil will go for export. There is talk of building a refinery in a country that will satisfy local demand but we will have to see."

The size of these discoveries will not rival the major oil deposits under production in Nigeria and Angola, but a third party report says that there could be 27 billion barrels of oil which would be defined as prospective resources. "The size of the prize is very large but, of course, we are very early in our exploration," Hill concludes. "Having drilled only three wells we don't really have a handle on how much of that resource can be converted into reserves.

"But these are probably the largest unexplored basins outside of Russia and these just don't come along very often and with this much potential. It has lain fallow for the last 20- 25 years since the majors left, so it's time to produce."

http://eandt.theiet.org/magazine/2013/05/eastern-promise.cfm