Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 188)
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ISIN: CA00829Q1019 · WKN: A0MZJC · Symbol: AFZ
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NEWS NEWS NEWS
May 13, 2013 02:00 ET
Africa Oil Announces Etuko-1 Well Spuds in Kenya
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko (formerly Kamba) prospect. This well will target a new play area in the Lockichar Basin where a working petroleum system has been confirmed by recent discoveries at Ngamia and Twiga. The well will focus on the 'eastern flank play' where oil was discovered in 1992 by Shell at the Loperot-1 well. The primary objectives will be the Lower Lokhone and Auwerwer sands, both of which have been shown to be high quality reservoirs containing oil in existing wells. The gross best estimate of prospective resources for the prospect are 231 million barrels of oil based on a third-party Competent Person's Report*. The well is expected to take approximately 60 days to drill and evaluate.
Testing operations continue on the Ngamia #1 well, also in Block 10BB in Kenya, and drilling operations continue on the Sabisa #1 well in the South Omo Block in Ethiopia. A result for Sabisa is expected in late May and Ngamia testing completed in early June.
Africa Oil CEO Keith Hill commented, "The Etuko prospect is one of the most attractive prospects in our portfolio and has the potential to open up an new play fairway on the eastern side of the already proven Lockichar Basin. A number of additional prospects and leads will be de-risked on this 'eastern flank' play if the Etuko well is successful. With three rigs active and three more on the way, the second half of 2013 promises to be a very exciting period in the continuing growth story of the Company in East Africa."
About Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its approximate 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 250,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Albert Graben oil discovery in neighboring Uganda. Africa Oil's recent Ngamia-1 and Twiga South-1 discoveries extend the Albert Graben play into Kenya where Africa Oil along with partner Tullow Oil plc hold a dominant acreage position. Newly acquired seismic and gravity data show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".
*See news release dated August 22, 2012 for further information.
ON BEHALF OF THE BOARD
Keith C. Hill, President and CEO
http://www.marketwire.com/press-release/africa-oil-announces…
May 13, 2013 02:00 ET
Africa Oil Announces Etuko-1 Well Spuds in Kenya
VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 13, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(NASDAQ OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that Tullow Oil Plc, the operator of Block 10BB in Kenya, has commenced drilling at the Etuko (formerly Kamba) prospect. This well will target a new play area in the Lockichar Basin where a working petroleum system has been confirmed by recent discoveries at Ngamia and Twiga. The well will focus on the 'eastern flank play' where oil was discovered in 1992 by Shell at the Loperot-1 well. The primary objectives will be the Lower Lokhone and Auwerwer sands, both of which have been shown to be high quality reservoirs containing oil in existing wells. The gross best estimate of prospective resources for the prospect are 231 million barrels of oil based on a third-party Competent Person's Report*. The well is expected to take approximately 60 days to drill and evaluate.
Testing operations continue on the Ngamia #1 well, also in Block 10BB in Kenya, and drilling operations continue on the Sabisa #1 well in the South Omo Block in Ethiopia. A result for Sabisa is expected in late May and Ngamia testing completed in early June.
Africa Oil CEO Keith Hill commented, "The Etuko prospect is one of the most attractive prospects in our portfolio and has the potential to open up an new play fairway on the eastern side of the already proven Lockichar Basin. A number of additional prospects and leads will be de-risked on this 'eastern flank' play if the Etuko well is successful. With three rigs active and three more on the way, the second half of 2013 promises to be a very exciting period in the continuing growth story of the Company in East Africa."
About Africa Oil
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its approximate 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 250,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. New discoveries have been announced on all sides of Africa Oil's virtually unexplored land position including the major Albert Graben oil discovery in neighboring Uganda. Africa Oil's recent Ngamia-1 and Twiga South-1 discoveries extend the Albert Graben play into Kenya where Africa Oil along with partner Tullow Oil plc hold a dominant acreage position. Newly acquired seismic and gravity data show robust leads and prospects throughout Africa Oil's project areas. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".
*See news release dated August 22, 2012 for further information.
ON BEHALF OF THE BOARD
Keith C. Hill, President and CEO
http://www.marketwire.com/press-release/africa-oil-announces…
Thx an gimo211 für die -wie immer aufschlussreichen- Ausführungen!
Habe noch einen Artikel zu Tullow gefunden, betrifft AOI im gleichen Umfang...
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Kenya ready to produce oil ‘now’
Aidan Heavey, Chief Executive of Tullow Oil said the company is ready to start oil production “now” if the road network is improved. PHOTO/FILE NATION
In Summary
•A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres.
Kenya could start producing oil earlier than expected, with the company currently exploring oil saying it’s ready to start production “now” if the road network is improved.
This, according to Tullow Oil chief executive officer, Mr Aidan Heavey would make it possible for transportation of crude oil to Mombasa refinery pending construction of a pipeline.
Experts estimate that it will take three to five years to lay the pipeline and related infrastructure to Mombasa allowing pumping of the crude oil.
Scouting for partners
“If local roads were improved, Tullow could start producing from Kenya now, possibly trucking crude to the refinery in Mombasa,” Mr Heavey told Bloomberg at the side line of the company’s annual general meeting held in London Wednesday.
The company is scouting for partners to finance development of the oil fields in readiness for the production.
“It’s too much for any company, even a major company,” Mr Heavey added.
Tullow Oil and its partner Africa Oil are currently exploring oil in northern Kenya and Ethiopia with result for the first well already termed as commercially viable.
The testing of the Twiga South-1 discovery was completed in February 2013 with a flow rate of 2,812 barrels of oil per day (bopd) was achieved, but according to Tullow, it has the potential to be increased to over 5,000 bopd.
A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres.
“…the Twiga South-1 well test has confirmed good productivity,” read a statement issued ahead of its AGM. The companies plan to drill 10 more wells.
However, it suspended exploration on its Paipai-1 well in March 2013 after encountering light hydrocarbon shows “pending agreement on future evaluation options.”
Drilling efficiency
The company has contracted a “lighter, more mobile rig has been contracted to start work in September 2013 which will increase drilling efficiency by conducting testing operations and drilling shallow prospects and evaluation wells, the oil explorer said.
Mr Heavey further noted that should a few more wells in Kenya prove significantly productive, a pipeline from its wells in Uganda could be built to go through its wells in Turkana for onward transmission to Mombasa for refining. The pipeline will link the refinery in Uganda to the port of Mombasa.
“Critically, agreement has been reached on a basin commercialisation plan which will include an export pipeline and a refinery sized to meet the local market demand,” Tullow further said.
Raised hopes
Kenya has continued to attract interest following Tullow’s announcement in March last year, it had struck oil in the country raising hopes the country could be holding substantial oil resources.
“The next exploration well is Etuko-1, which is expected to spud within the next two weeks. This well is testing the first prospect in the Basin Flank play, and is more centrally located in the basin compared to Ngamia and Twiga South which were drilled along the basin bounding fault,” the statement added.
http://www.nation.co.ke/business/news/Kenya-ready-to-produce…
Habe noch einen Artikel zu Tullow gefunden, betrifft AOI im gleichen Umfang...
----------------
Kenya ready to produce oil ‘now’
Aidan Heavey, Chief Executive of Tullow Oil said the company is ready to start oil production “now” if the road network is improved. PHOTO/FILE NATION
In Summary
•A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres.
Kenya could start producing oil earlier than expected, with the company currently exploring oil saying it’s ready to start production “now” if the road network is improved.
This, according to Tullow Oil chief executive officer, Mr Aidan Heavey would make it possible for transportation of crude oil to Mombasa refinery pending construction of a pipeline.
Experts estimate that it will take three to five years to lay the pipeline and related infrastructure to Mombasa allowing pumping of the crude oil.
Scouting for partners
“If local roads were improved, Tullow could start producing from Kenya now, possibly trucking crude to the refinery in Mombasa,” Mr Heavey told Bloomberg at the side line of the company’s annual general meeting held in London Wednesday.
The company is scouting for partners to finance development of the oil fields in readiness for the production.
“It’s too much for any company, even a major company,” Mr Heavey added.
Tullow Oil and its partner Africa Oil are currently exploring oil in northern Kenya and Ethiopia with result for the first well already termed as commercially viable.
The testing of the Twiga South-1 discovery was completed in February 2013 with a flow rate of 2,812 barrels of oil per day (bopd) was achieved, but according to Tullow, it has the potential to be increased to over 5,000 bopd.
A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres.
“…the Twiga South-1 well test has confirmed good productivity,” read a statement issued ahead of its AGM. The companies plan to drill 10 more wells.
However, it suspended exploration on its Paipai-1 well in March 2013 after encountering light hydrocarbon shows “pending agreement on future evaluation options.”
Drilling efficiency
The company has contracted a “lighter, more mobile rig has been contracted to start work in September 2013 which will increase drilling efficiency by conducting testing operations and drilling shallow prospects and evaluation wells, the oil explorer said.
Mr Heavey further noted that should a few more wells in Kenya prove significantly productive, a pipeline from its wells in Uganda could be built to go through its wells in Turkana for onward transmission to Mombasa for refining. The pipeline will link the refinery in Uganda to the port of Mombasa.
“Critically, agreement has been reached on a basin commercialisation plan which will include an export pipeline and a refinery sized to meet the local market demand,” Tullow further said.
Raised hopes
Kenya has continued to attract interest following Tullow’s announcement in March last year, it had struck oil in the country raising hopes the country could be holding substantial oil resources.
“The next exploration well is Etuko-1, which is expected to spud within the next two weeks. This well is testing the first prospect in the Basin Flank play, and is more centrally located in the basin compared to Ngamia and Twiga South which were drilled along the basin bounding fault,” the statement added.
http://www.nation.co.ke/business/news/Kenya-ready-to-produce…
Motz1,
wichtig ist noch, dass der erfolgreiche Flow Test im lower Lokhone Sandstone nicht nur die Pay Zone bei Ngamia auf +- 140m bringt (und somit die Größe dieser Discovery signifikant erhöht), sondern insbesondere auch die CoS für Etuko-1 deutlich verbessert. Dort liegt der lower Lokhone Sandstone höher als bei Ngamia und ist (neben dem Auwerwer sds) das Haupt Target des Drillings....
Und eine Discovery östlich der String of Pearls würde das Erfolgskonzept dramatisch erweitern.... Öl Akkumulationen nicht nur entlang der boundery fault würden völlig neue Perspektiven auf die inzwischen 120 prospects und leads werfen... (das muss Tullow meinen, wenn sie sagen, das ist alles zu groß - selbst für einen Major...)
Once in a live time opportunity - das trifft es in meinen Augen ziemlich gut...
Zu Sabisa well Instabilität: water based Drilling mud könnte tatsächlich eine mögliche Ursache sein (und würde für exzellente Reservoir Bedingungen sprechen...). Aber was immer auch der Grund ist, in ca 2 Wochen wissen wir wohl, was die "3 zones of interest" für uns mitbringen werden... Daumen drücken...
wichtig ist noch, dass der erfolgreiche Flow Test im lower Lokhone Sandstone nicht nur die Pay Zone bei Ngamia auf +- 140m bringt (und somit die Größe dieser Discovery signifikant erhöht), sondern insbesondere auch die CoS für Etuko-1 deutlich verbessert. Dort liegt der lower Lokhone Sandstone höher als bei Ngamia und ist (neben dem Auwerwer sds) das Haupt Target des Drillings....
Und eine Discovery östlich der String of Pearls würde das Erfolgskonzept dramatisch erweitern.... Öl Akkumulationen nicht nur entlang der boundery fault würden völlig neue Perspektiven auf die inzwischen 120 prospects und leads werfen... (das muss Tullow meinen, wenn sie sagen, das ist alles zu groß - selbst für einen Major...)
Once in a live time opportunity - das trifft es in meinen Augen ziemlich gut...
Zu Sabisa well Instabilität: water based Drilling mud könnte tatsächlich eine mögliche Ursache sein (und würde für exzellente Reservoir Bedingungen sprechen...). Aber was immer auch der Grund ist, in ca 2 Wochen wissen wir wohl, was die "3 zones of interest" für uns mitbringen werden... Daumen drücken...
@Niki: Thx für die Chart-Betrachtung. Ich hoffe der gestrige SK der nur knapp über der von dir genannten Marke lag ist "nachhaltig" genug. 7,80 CAD wäre mir sehr recht, und dann die Ngamia flow rates...
------------------
gimo211,
auf Stockhouse gibt es Spekulationen zum Grund der instability - die Vermutung ist, dass es sich um Bohrschlamm auf Wasserbasis handelt und dieser wiederum dem Sandstein zusetzt (klingt logisch).
Was Ngamia anbelangt wird es imho so sein, dass es mit der Zeit "wachsen" wird. Tullow hat nun die Lower Lokhone-Zone bestätigt, die AOI mit 40m net pay veranschlagte. Ziemliches Upside. Zudem war Ngamia-1 nicht im sweet spot gedrillt...
Im Prinzip habe ich nichts gegen CNOOC. Außer dass sie in Block 9 "äußerst unglücklich agiert" oder man könnte auch sagen "gepfuscht" haben. Boghal zu verschmähen war nicht sonderlich clever.
hippyboy hat auf stockhouse folgenden -meiner Meinung nach sehr zutreffenden- Beitrag dazu geschrieben:
"Is there any doubt that in the end it will be CNOOC who buys into Kenya.
Forget the uganda oil, proposed pipeline, lack of infrastructre, cost of development, etc.
This is not about money, its about internal domestic stability in China.
Over the next 20 years China faces the huge task of transitioning its 1.3 billion population from a rural farming existance into an industrial based economy, all the while averting social, political and economic revolution. That interest is best sereved by securing resources, energy, a consumer market for goods and increasing global Chinese influence.
Unlike other major oil compaqnies who only are accountable to share holders and only seek to maximize profits, CNOOC was created to be an instrument of the Chinese government’s political, economic and foreign policy.
China does not care about money, they covet internal stability. The will pay a premium to what ever commercial interests further that goal.
They buy US bebt because they need the largest consumer market in the world to buy their junk, they pay a 66 percent premium for nexen because they need the oil, they will continue to develop relations with africa in order to turn the continent into a consumer market for chinese goods, they will buy east africa oil because unlike the US influenced middle east, they will have control over the oil in africa."
Das ist aus meiner Sicht eine gute Einschätzung der Lage. Das ganze hat geopolitischen Charakter und verschiebt bzw. manifestiert internationale Machtverhältnisse.
Alles was Tullow/AOI aus meiner Sicht tun kann und muss ist sicherzustellen, dass CNOOC (oder wer auch immer rein will) nicht zu billig davon kommt.
Die Ausgaben zur Erschließung/Kommerzialisierung der Blöcke und dem Aufbau der notwendigen Infrastruktur werden exorbitant. Die resultierenden Gewinne aber auch - wie lange AOI da WIs in dieser Größenordnung "verantworten" kann werden wir sehen...
Also: Spekulation teilweise ja aber mit vielen Anhaltspunkten - Irrsinn sieht anders aus.
Just my 2 pence
P.s.: Zu den Ngamia-flows hatte ich noch im Hinterkopf, dass wir im Herbst letzten Jahres schon spekuliert hatten. Hier mal die damaligen Überlegungen:
------------------
gimo211,
auf Stockhouse gibt es Spekulationen zum Grund der instability - die Vermutung ist, dass es sich um Bohrschlamm auf Wasserbasis handelt und dieser wiederum dem Sandstein zusetzt (klingt logisch).
Was Ngamia anbelangt wird es imho so sein, dass es mit der Zeit "wachsen" wird. Tullow hat nun die Lower Lokhone-Zone bestätigt, die AOI mit 40m net pay veranschlagte. Ziemliches Upside. Zudem war Ngamia-1 nicht im sweet spot gedrillt...
Im Prinzip habe ich nichts gegen CNOOC. Außer dass sie in Block 9 "äußerst unglücklich agiert" oder man könnte auch sagen "gepfuscht" haben. Boghal zu verschmähen war nicht sonderlich clever.
hippyboy hat auf stockhouse folgenden -meiner Meinung nach sehr zutreffenden- Beitrag dazu geschrieben:
"Is there any doubt that in the end it will be CNOOC who buys into Kenya.
Forget the uganda oil, proposed pipeline, lack of infrastructre, cost of development, etc.
This is not about money, its about internal domestic stability in China.
Over the next 20 years China faces the huge task of transitioning its 1.3 billion population from a rural farming existance into an industrial based economy, all the while averting social, political and economic revolution. That interest is best sereved by securing resources, energy, a consumer market for goods and increasing global Chinese influence.
Unlike other major oil compaqnies who only are accountable to share holders and only seek to maximize profits, CNOOC was created to be an instrument of the Chinese government’s political, economic and foreign policy.
China does not care about money, they covet internal stability. The will pay a premium to what ever commercial interests further that goal.
They buy US bebt because they need the largest consumer market in the world to buy their junk, they pay a 66 percent premium for nexen because they need the oil, they will continue to develop relations with africa in order to turn the continent into a consumer market for chinese goods, they will buy east africa oil because unlike the US influenced middle east, they will have control over the oil in africa."
Das ist aus meiner Sicht eine gute Einschätzung der Lage. Das ganze hat geopolitischen Charakter und verschiebt bzw. manifestiert internationale Machtverhältnisse.
Alles was Tullow/AOI aus meiner Sicht tun kann und muss ist sicherzustellen, dass CNOOC (oder wer auch immer rein will) nicht zu billig davon kommt.
Die Ausgaben zur Erschließung/Kommerzialisierung der Blöcke und dem Aufbau der notwendigen Infrastruktur werden exorbitant. Die resultierenden Gewinne aber auch - wie lange AOI da WIs in dieser Größenordnung "verantworten" kann werden wir sehen...
Also: Spekulation teilweise ja aber mit vielen Anhaltspunkten - Irrsinn sieht anders aus.
Just my 2 pence
P.s.: Zu den Ngamia-flows hatte ich noch im Hinterkopf, dass wir im Herbst letzten Jahres schon spekuliert hatten. Hier mal die damaligen Überlegungen:
Zitat von motz1: [...]
Was wäre für dich eine "gute" Flowrate? Ich habe für mich, nach dem was ich zu Uganda und Ngamia-1 gelesen habe, folgende Grobeinteilung:
>5000bopd sind gut
10-15000bopd sind wahrscheinlich
>15000bopd sind sehr gut
Ist das realistisch?
Interessant sind die "Experten" die jetzt langsam auf die mögliche zukünftige Dimension von AOI hinweisen (was du schon vor über einem Jahr aufgezeigt hast). Z.B. hier auf BNN: http://watch.bnn.ca/the-street/september-2012/the-street-sep…
Ganz zum Schluss fällt die Aussage: "...very rarely in your own lifetime do you see the opening up of brand new basins...".
KH hat in der Stockholm-Präsentation -aus seiner Sicht- von einer once in a lifetime-opportunity gesprochen. Ich denke unsere chinesischen Freunde und deren Artverwandten müssen sich daran gewöhnen, dass es teuer werden könnte.
Und ich bleibe noch ein Bisschen.
Hi motz1,
Das der Short-Bestand schmilzt, ist angesichts der News-Lage keine Überraschung...
Das war doch in vielerlei Hinsicht interessant gestern...
Zunächst haben wir als unmittelbare News den spud von Etuko und die Testergebnisse zu den drei "zones of interest" bei Sabisa zu erwarten. Beides in den nächsten 2-3 Wochen.
Etuko ist ein giant prospect.
Bei Sabisa rechne ich inzwischen nicht mehr, dass man - wegen der "well instability" - noch tiefer (zur ursprünglich geplantem TD) drillen wird. Der side track (wer weiß, wieviele side tracks inzwischen notwendig waren) scheint nur noch den Zweck zu haben, die drei Zonen zu loggen und MDT-Samples zu entnehmen. Sollte sich dabei eine signifikante Pay Zone bestätigen, würde dieses ein kompletten de-risk für das gesamte Tertiary Rift System von Ethiopien bis zum Lokichar Basin erbringen. Nicht auszudenken, was das bedeuten würde...
Ich denke, die tieferen Zonen würde man dann mit einer follow up well im South Omo Block testen.
Sehr interessant sind dann die Testergebnisse zu Ngamia (in etwa 4 Wochen). So, wie sich Tullow hier heraus lehnt, kann man nur Großes erwarten. Ngamia ist vermutlich tatsächlich eine Giant Discovery. Ich halte 350+ mmbbls allein bei Ngamia nicht für ausgeschlossen...
... Und dann die Ankündigung, diverse major Partner zu suchen...
Wenn man die News erinnert, dass CNOOC sich bereits in das Lokichar Basin einkauft, dann scheint ein Szenario nicht unrealistisch, dass man an die Chinesen jeweils 25% plus Operator ship bei den Blöcken 13T und 10BB abgibt. Die Frage ist, was die Chinesen für ein 50% WI im Lokichar Basin zahlen würden...
Wenn jedoch Ngamia so groß wird, wie ich nun erwarte und wenn auch Etuko ein Treffer wird, dann werden die prospektiven Resourcen in beiden Blöcken signifikant erhöht werden. Wer weiß, ich halte 3-5 Milliarden bbls nicht für vollkommen ausgeschlossen... Wenn man nur 1 Dollar als farm-in Preis annehmen würde, wäre dass ein fantastischer Deal für die Chinesen, würde uns aber ebenfalls einen Milliarden Dollar Wert in die Kassen spülen und AOI würde zu einem mid-tier Explorer transformiert werden. Well funded for years.... I like this scenatio...
... Viel Spekulation, ich weiß... Aber auch nicht vollkommener "Irrsinn"...
Das der Short-Bestand schmilzt, ist angesichts der News-Lage keine Überraschung...
Das war doch in vielerlei Hinsicht interessant gestern...
Zunächst haben wir als unmittelbare News den spud von Etuko und die Testergebnisse zu den drei "zones of interest" bei Sabisa zu erwarten. Beides in den nächsten 2-3 Wochen.
Etuko ist ein giant prospect.
Bei Sabisa rechne ich inzwischen nicht mehr, dass man - wegen der "well instability" - noch tiefer (zur ursprünglich geplantem TD) drillen wird. Der side track (wer weiß, wieviele side tracks inzwischen notwendig waren) scheint nur noch den Zweck zu haben, die drei Zonen zu loggen und MDT-Samples zu entnehmen. Sollte sich dabei eine signifikante Pay Zone bestätigen, würde dieses ein kompletten de-risk für das gesamte Tertiary Rift System von Ethiopien bis zum Lokichar Basin erbringen. Nicht auszudenken, was das bedeuten würde...
Ich denke, die tieferen Zonen würde man dann mit einer follow up well im South Omo Block testen.
Sehr interessant sind dann die Testergebnisse zu Ngamia (in etwa 4 Wochen). So, wie sich Tullow hier heraus lehnt, kann man nur Großes erwarten. Ngamia ist vermutlich tatsächlich eine Giant Discovery. Ich halte 350+ mmbbls allein bei Ngamia nicht für ausgeschlossen...
... Und dann die Ankündigung, diverse major Partner zu suchen...
Wenn man die News erinnert, dass CNOOC sich bereits in das Lokichar Basin einkauft, dann scheint ein Szenario nicht unrealistisch, dass man an die Chinesen jeweils 25% plus Operator ship bei den Blöcken 13T und 10BB abgibt. Die Frage ist, was die Chinesen für ein 50% WI im Lokichar Basin zahlen würden...
Wenn jedoch Ngamia so groß wird, wie ich nun erwarte und wenn auch Etuko ein Treffer wird, dann werden die prospektiven Resourcen in beiden Blöcken signifikant erhöht werden. Wer weiß, ich halte 3-5 Milliarden bbls nicht für vollkommen ausgeschlossen... Wenn man nur 1 Dollar als farm-in Preis annehmen würde, wäre dass ein fantastischer Deal für die Chinesen, würde uns aber ebenfalls einen Milliarden Dollar Wert in die Kassen spülen und AOI würde zu einem mid-tier Explorer transformiert werden. Well funded for years.... I like this scenatio...
... Viel Spekulation, ich weiß... Aber auch nicht vollkommener "Irrsinn"...
Trading Spotlight
Klasse Anstieg heute. Mittlerweile 930k Umsatz.
SAR wurde bei 5,60 CAN$ getroffen und steht nun bei 5,51 CAN$.
Der Anstieg von 0,39 = 6,17% mit diesem Volumen ist ein klares Zeichen. Sollte die MA50 bei derzeit 6,69CAN$ nachhaltig und bis Handelsschluss überschritten werden, ist mit weiteren Anstieg zu Rechnen.7,80 CAN$ ist das nächste Ziel :-)
Niki
SAR wurde bei 5,60 CAN$ getroffen und steht nun bei 5,51 CAN$.
Der Anstieg von 0,39 = 6,17% mit diesem Volumen ist ein klares Zeichen. Sollte die MA50 bei derzeit 6,69CAN$ nachhaltig und bis Handelsschluss überschritten werden, ist mit weiteren Anstieg zu Rechnen.7,80 CAN$ ist das nächste Ziel :-)
Niki
Die PR-Abteilung von AOI in Person von Aidan Heavy (Tullow-Chef) reagiert wie vermutet: Er zeigt Perspektiven 
-----------------------
Tullow Oil to Seek Kenya Partners as Finds Make Exports Viable
By Eduard Gismatullin - May 8, 2013 12:45 PM GMT+0200
Tullow Oil Plc (TLW), the U.K. explorer that found Kenya’s first oil, plans to secure partners to develop fields in the African nation as discoveries prove that future crude exports are viable.
Tullow together with partner Africa Oil Corp. (AOI) plans to drill about 10 wells in Kenya and Ethiopia this year to explore the Turkana Rift Basin that stretches between the two countries. Tullow plans to sell part of its stake in five licenses in Kenya, Chief Executive Officer Aidan Heavey said.
“It’s never been our intention to stick with 50 percent all the way through,” Heavey said today in London. “It’s too much for any company, even a major company.” If local roads were improved, Tullow could start producing from Kenya now, possibly trucking crude to the refinery in Mombasa, he said.
Tullow, based in London, has drilled three wells in Kenya with the first oil discovery at the Ngamia well and the first commercial flow from the Twiga well in the South Lokichar Basin. The nation may export its first crude at the same time as Uganda, where Tullow is working with Total SA (FP) and Cnooc Ltd. (883) to develop the Lake Albert fields, Heavey told reporters.
“A few more wells may actually prove it to be a major development” the CEO said. “If that’s the case, then the pipeline from Uganda could quite easily go through Lokichar, pick up the oil there” for exports through an Indian Ocean port. “What we are trying to do is to bring in the right type of partners and we get them to come up with financing.”
Unlike landlocked Uganda, Kenya doesn’t require running an export pipeline across other countries, he said. Tullow will bring a fourth rig to the region to accelerate drilling later this year and will increase the Ngamia well resource estimate “quite significantly” following “encouraging” tests.
In West Africa, the company is looking for partners to sell part of its largest stakes in exploration licenses in deep waters off Mauritania, Heavey said.
Tullow global oil and gas producing projects generate enough cash to spend about $1 billion a year on exploration.
“We are focused on building the biggest exploration business around,” Heavey said.
http://www.bloomberg.com/news/2013-05-08/tullow-oil-to-seek-…
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Tullow Oil to Seek Kenya Partners as Finds Make Exports Viable
By Eduard Gismatullin - May 8, 2013 12:45 PM GMT+0200
Tullow Oil Plc (TLW), the U.K. explorer that found Kenya’s first oil, plans to secure partners to develop fields in the African nation as discoveries prove that future crude exports are viable.
Tullow together with partner Africa Oil Corp. (AOI) plans to drill about 10 wells in Kenya and Ethiopia this year to explore the Turkana Rift Basin that stretches between the two countries. Tullow plans to sell part of its stake in five licenses in Kenya, Chief Executive Officer Aidan Heavey said.
“It’s never been our intention to stick with 50 percent all the way through,” Heavey said today in London. “It’s too much for any company, even a major company.” If local roads were improved, Tullow could start producing from Kenya now, possibly trucking crude to the refinery in Mombasa, he said.
Tullow, based in London, has drilled three wells in Kenya with the first oil discovery at the Ngamia well and the first commercial flow from the Twiga well in the South Lokichar Basin. The nation may export its first crude at the same time as Uganda, where Tullow is working with Total SA (FP) and Cnooc Ltd. (883) to develop the Lake Albert fields, Heavey told reporters.
“A few more wells may actually prove it to be a major development” the CEO said. “If that’s the case, then the pipeline from Uganda could quite easily go through Lokichar, pick up the oil there” for exports through an Indian Ocean port. “What we are trying to do is to bring in the right type of partners and we get them to come up with financing.”
Unlike landlocked Uganda, Kenya doesn’t require running an export pipeline across other countries, he said. Tullow will bring a fourth rig to the region to accelerate drilling later this year and will increase the Ngamia well resource estimate “quite significantly” following “encouraging” tests.
In West Africa, the company is looking for partners to sell part of its largest stakes in exploration licenses in deep waters off Mauritania, Heavey said.
Tullow global oil and gas producing projects generate enough cash to spend about $1 billion a year on exploration.
“We are focused on building the biggest exploration business around,” Heavey said.
http://www.bloomberg.com/news/2013-05-08/tullow-oil-to-seek-…
Antwort auf Beitrag Nr.: 44.571.349 von motz1 am 05.05.13 22:10:46Tullows Interim Management Statement ist da.
Nicht viel neues, im Header steht folgender Satz: "In Kenya, the Twiga South-1 well test has confirmed good productivity in the South Lokichar Basin and in Ethiopia there are encouraging signs from the Sabisa-1 well."
Aber: Ein light-rig ab September, Etuko-Spud in den kommenden 2 Wochen, jetzt über 120 leads & prospects. Nice.
------------------------
Kenya & Ethiopia
Our high impact exploration campaign continues across Kenya and Ethiopia, with significant ongoing seismic operations, three active rigs and a further rig contracted to start activities in September 2013. In the remainder of 2013 we plan to acquire 2D and 3D seismic, drill a further seven wells and perform significant testing operations.
In Kenya, the Paipai-1 well was drilled in March 2013 and encountered light hydrocarbon shows whilst drilling and has been suspended pending agreement on future evaluation options. The testing of the Twiga South-1 discovery was completed in February 2013; a constrained combined rate of 2,812 bopd was achieved and has the potential to be increased to an unconstrained rate of over 5,000 bopd. Testing at the Ngamia-1 discovery is still in progress and the first test, from a zone previously considered to be non-productive and not included in previous estimates of net pay, flowed at a cumulative rate of 281 bopd. A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres. The test results to date on Twiga South and Ngamia are extremely encouraging for the Lockichar Basin and are important steps towards understanding the commerciality of these discoveries and the overall potential of the basin.
The next exploration well is Etuko-1, which is expected to spud within the next two weeks. This well is testing the first prospect in the Basin Flank play, and is more centrally located in the basin compared to Ngamia and Twiga South which were drilled along the basin bounding fault. A lighter, more mobile rig has been contracted to start work in September 2013 which will primarily be used to increase drilling efficiency by conducting testing operations and drilling shallow prospects and evaluation wells.
The first exploration well in Ethiopia, Sabisa-1 has been drilled to a total depth of 1,810 metres, recording hydrocarbon indications in sands beneath a thick claystone top seal. Due to hole instability issues, a sidetrack will be drilled to enable us to log and sample the zones of interest, with a result expected in late May 2013.
Seismic activity has included an extensive survey in Block 10BB/North West Block 12A in Kenya and 1,174 km 2D seismic has been acquired over the Chew Bahir basin in the South Omo block in Ethiopia. Both surveys have identified numerous attractive leads and prospects, some with amplitude anomalies characteristic of hydrocarbons, raising the total prospect and lead count in the acreage to over 120.
[...]
http://www.tullowoil.com/index.asp?pageid=137&newsid=842
Nicht viel neues, im Header steht folgender Satz: "In Kenya, the Twiga South-1 well test has confirmed good productivity in the South Lokichar Basin and in Ethiopia there are encouraging signs from the Sabisa-1 well."
Aber: Ein light-rig ab September, Etuko-Spud in den kommenden 2 Wochen, jetzt über 120 leads & prospects. Nice
. ------------------------
Kenya & Ethiopia
Our high impact exploration campaign continues across Kenya and Ethiopia, with significant ongoing seismic operations, three active rigs and a further rig contracted to start activities in September 2013. In the remainder of 2013 we plan to acquire 2D and 3D seismic, drill a further seven wells and perform significant testing operations.
In Kenya, the Paipai-1 well was drilled in March 2013 and encountered light hydrocarbon shows whilst drilling and has been suspended pending agreement on future evaluation options. The testing of the Twiga South-1 discovery was completed in February 2013; a constrained combined rate of 2,812 bopd was achieved and has the potential to be increased to an unconstrained rate of over 5,000 bopd. Testing at the Ngamia-1 discovery is still in progress and the first test, from a zone previously considered to be non-productive and not included in previous estimates of net pay, flowed at a cumulative rate of 281 bopd. A further five tests are planned over the next month and are expected to lead to an increase in the previous total net pay of 100 metres. The test results to date on Twiga South and Ngamia are extremely encouraging for the Lockichar Basin and are important steps towards understanding the commerciality of these discoveries and the overall potential of the basin.
The next exploration well is Etuko-1, which is expected to spud within the next two weeks. This well is testing the first prospect in the Basin Flank play, and is more centrally located in the basin compared to Ngamia and Twiga South which were drilled along the basin bounding fault. A lighter, more mobile rig has been contracted to start work in September 2013 which will primarily be used to increase drilling efficiency by conducting testing operations and drilling shallow prospects and evaluation wells.
The first exploration well in Ethiopia, Sabisa-1 has been drilled to a total depth of 1,810 metres, recording hydrocarbon indications in sands beneath a thick claystone top seal. Due to hole instability issues, a sidetrack will be drilled to enable us to log and sample the zones of interest, with a result expected in late May 2013.
Seismic activity has included an extensive survey in Block 10BB/North West Block 12A in Kenya and 1,174 km 2D seismic has been acquired over the Chew Bahir basin in the South Omo block in Ethiopia. Both surveys have identified numerous attractive leads and prospects, some with amplitude anomalies characteristic of hydrocarbons, raising the total prospect and lead count in the acreage to over 120.
[...]
http://www.tullowoil.com/index.asp?pageid=137&newsid=842
Ein Überblick über die Länder Kenia, Äthiopien, Uganda, Mozambik und Tansania bzgl. O&G von Deloitte (46 Seiten):
"The Deloitte Guide to Oil and Gas in East Africa - Where potential lies"
http://www.deloitte.com/assets/Dcom-Kenya/Local%20Assets/Doc…
-------------------------
Von User RionsRun/Stockhouse:
Energy wins big in budget allocations
Updated Friday, May 3rd 2013 a 22:10 GMT +3
By Macharia Kamau
NAIROBI, KENYA: Treasury has allocated Sh78.5 billion to the Energy and Petroleum Ministry with a focus on increasing electricity generation and prepariing areas where oil deposits have been discovered for commercial production.
The allocation to the ministry is among the largest for the 2013/2014 financial year. The bulk of the amount allocated to the ministry will, however, go towards boosting electricity generation.
A substantial Sh76.4 billion has been set aside for increasing the electricity generation capacity as well as growing the number of people connected to the national electricity grid.
A further Sh1 billion will be used in oil exploration, including further research on areas that have potential to have oil deposits.
Despite increased pushed for renewable energy, the Government has set aside some Sh492 million for clean energy projects.
Kenya has an installed capacity of 1,600 megawatts, about 60 per cent of which is sourced from hydro electricity dams. Despite a huge potential in geothermal sources – estimated to have a capacity to generate over 7,000mw – the country has an installed capacity of about 200mw. There are, however, plans to double this over the next two years.
In addition to expanding electricity generation projects, significant amounts has to go towards setting initial stages for commercial production of crude oil recently discovered in Turkana.
“The ministry intends to continue its investments in the generation of additional geothermal power at Olkaria wellheads, hydropower development, renewable energy promotion and development, fossil fuel exploration and development, promote rural electrification, energy sector regulation, security and conservation,” said the budget estimates table in Parliament Tuesday.
The quality and quantity supply are currently major issues for both domestic and large consumers, with unreliable and highly priced electricity cited as among the factors that have hindered growth of sectors such as manufacturing.
It is also looking at further studies on areas that have potential for oil. It said the Sh1 billion for oil exploration will be used to avail data on petroleum unlicensed blocks to attract investments in exploration.
Prospecting firms in Kenya have found oil deposits in Turkana County that they say are commercially viable. Tullow Oil – the firm that made the announcement in March last year- is still undertaking tests to determine the actual amount of oil deposits in the blocks that it operates in Turkana.
http://www.standardmedia.co.ke/?articleID=2000082912&story_t…
-----------
Eine Google-übersetzte Meldung aus Schweden - thanks to user freddahl/stockhouse!
---
STOCKHOLM (Reuters) A further delay in when drilling results can be expected in Sabisabrunnen, of central importance to Africa Oil's Ethiopian oil exploration, can not be excluded.
That said, great owner Lukas Lundin Direkt after the AGM in Vostok Nafta, the investment company of which he is Chairman.
"Africa Oil has announced the results of Sabisa-drilling is expected in late May, but it is not impossible that it will take longer," he said about Sabisa with reference to the previous forecast: mid April said Lukas Lundin told Bloomberg News that drilling results could be expected by the end of May, which was two months later than previously stated.
"The Deloitte Guide to Oil and Gas in East Africa - Where potential lies"
http://www.deloitte.com/assets/Dcom-Kenya/Local%20Assets/Doc…
-------------------------
Von User RionsRun/Stockhouse:
Energy wins big in budget allocations
Updated Friday, May 3rd 2013 a 22:10 GMT +3
By Macharia Kamau
NAIROBI, KENYA: Treasury has allocated Sh78.5 billion to the Energy and Petroleum Ministry with a focus on increasing electricity generation and prepariing areas where oil deposits have been discovered for commercial production.
The allocation to the ministry is among the largest for the 2013/2014 financial year. The bulk of the amount allocated to the ministry will, however, go towards boosting electricity generation.
A substantial Sh76.4 billion has been set aside for increasing the electricity generation capacity as well as growing the number of people connected to the national electricity grid.
A further Sh1 billion will be used in oil exploration, including further research on areas that have potential to have oil deposits.
Despite increased pushed for renewable energy, the Government has set aside some Sh492 million for clean energy projects.
Kenya has an installed capacity of 1,600 megawatts, about 60 per cent of which is sourced from hydro electricity dams. Despite a huge potential in geothermal sources – estimated to have a capacity to generate over 7,000mw – the country has an installed capacity of about 200mw. There are, however, plans to double this over the next two years.
In addition to expanding electricity generation projects, significant amounts has to go towards setting initial stages for commercial production of crude oil recently discovered in Turkana.
“The ministry intends to continue its investments in the generation of additional geothermal power at Olkaria wellheads, hydropower development, renewable energy promotion and development, fossil fuel exploration and development, promote rural electrification, energy sector regulation, security and conservation,” said the budget estimates table in Parliament Tuesday.
The quality and quantity supply are currently major issues for both domestic and large consumers, with unreliable and highly priced electricity cited as among the factors that have hindered growth of sectors such as manufacturing.
It is also looking at further studies on areas that have potential for oil. It said the Sh1 billion for oil exploration will be used to avail data on petroleum unlicensed blocks to attract investments in exploration.
Prospecting firms in Kenya have found oil deposits in Turkana County that they say are commercially viable. Tullow Oil – the firm that made the announcement in March last year- is still undertaking tests to determine the actual amount of oil deposits in the blocks that it operates in Turkana.
http://www.standardmedia.co.ke/?articleID=2000082912&story_t…
-----------
Eine Google-übersetzte Meldung aus Schweden - thanks to user freddahl/stockhouse!
---
STOCKHOLM (Reuters) A further delay in when drilling results can be expected in Sabisabrunnen, of central importance to Africa Oil's Ethiopian oil exploration, can not be excluded.
That said, great owner Lukas Lundin Direkt after the AGM in Vostok Nafta, the investment company of which he is Chairman.
"Africa Oil has announced the results of Sabisa-drilling is expected in late May, but it is not impossible that it will take longer," he said about Sabisa with reference to the previous forecast: mid April said Lukas Lundin told Bloomberg News that drilling results could be expected by the end of May, which was two months later than previously stated.
Das Short Volume ist nochmals um gut 10% gesunken:
Short Summary
Short Volume As Of
401,765......30/Apr/2013
447,631......15/Apr/2013
1,516,309...31/Mar/2013
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpControll…
Short Summary
Short Volume As Of
401,765......30/Apr/2013
447,631......15/Apr/2013
1,516,309...31/Mar/2013
http://infoventure.tsx.com/TSXVenture/TSXVentureHttpControll…
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