Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 203)

[motz1]

Guten Morgen @texas2, das "fette Glücksschweingrinsen" dürfte gestern Abend noch so manch anderer mit dir geteilt haben, auch in Kenia. AOI wird langsam aber sicher solide.

Das Programm für das restliche Jahr -hauptsächlich Konzentration auf das Lokichar-Basin- lässt sich nun deutlich entspannter verfolgen.

Sollte sich LL für die Variante mit den schnellen Milliarden entscheiden würde ich ihm das wohl kaum übel nehmen können, da sollte für uns doch auch ganz ordentlich was abfallen .

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UPDATE 2-Tullow eyes first commercial oil for Kenya
Wed Feb 13, 2013 5:19am EST

* "First potentially commercial production"
* Still a lot of exploration and appraisal to do
* Shares up 5.2 pct

By Andrew Callus

LONDON, Feb 13 (Reuters) - Africa-focused oil company Tullow Oil Plc released a set of Kenyan well test results on Wednesday which it said could lead to the country's first commercial production.
[...]

http://www.reuters.com/article/2013/02/13/tullow-results-idU…




Davy Research: Tullow Oil
February 13 2013

Exploration news not really news; flow test results from Twiga-South in line with, or ahead of, expectations

On exploration, there were updates on the Sapele-1 and Paipai-1 exploration wells offshore Ghana and onshore Kenya respectively. Although final and conclusive results are still due, current information is that the main target zone in Sapele has not worked and that the Paipai well has hit wet gas/light hydrocrarbons. Our risk-weighted valuation for Sapele-1 and Paipai-1 contributes 5.7p and 3.7p per share respectively to our group valuation of 1469p per share. At Sapele-1, a further 200m of drilling is ahead of target depth. The well has multiple reservoir targets but the primary objective was water wet. The Paipai well has reached total depth and Tullow and its partners are currently trying to sample a narrow zone of interest and expect to be able to report their analysis and conclusions at end February. More upbeat news came from the Twiga-South well onshore Kenya. Flow test results from Twiga-South are in line with, or ahead of, expectations with one zone in the primary Auwerwer sandstone reservoir flowing light oil at 1,860 bopd without artificial lift. A final flow test is being conducted at Twiga-South before the rig moves to the Ngamia discovery to perform four flow tests. These tests are expected to deliver rates similar to Twiga-South.
[...]
http://www.davy.ie/davy/article.htm?id=Davy_Morning_Equity_B…" target="_blank" rel="nofollow ugc noopener">
http://www.davy.ie/davy/article.htm?id=Davy_Morning_Equity_B…

[texas2]

Antwort auf Beitrag Nr.: 44.138.701 von texas2 am 13.02.13 23:25:01

AOI wird wahrscheinlich nicht P sondern "förderbare Reserven" sagen weil Lukas Lundin den schnellen Milliarden nicht widerstehen wird können.

[texas2]

Trotz sensationeller und für mich die wichtigste AOI-Neuigkeiten aus O-Afrika ziemlich ruhig hier; bzw. werde ich heute, am 13/02/2013 in Bezug auf AOI ziemlich ruhig mit einem fetten Glücksschweingrinsen einschlafen.

Erste kommerzielle Rate in Kenia: Ich ziehe voll des Respekts meine professionelle Kopfbedeckung vor Tullow und der Lundin Truppe. Chapeau, these lizards can smell oil and gas.

Eine einzelne Bohrung mit solch einem test ist unterm Strich zwar noch immer keine 2 mrd $ oder € wert (weil das Feld bei Öl erst abgebohrt werden muß), aber dieser Test zieht für mich eine sehr solide Unterstützungslinie und sichert nach unten ab. Damit sollte AOI als Ölfirma nicht mehr pleite gehen oder wegen Erfolglosigkeit vom Kurszettel verschwinden können wie unzählige andere Explorer. Damit dh mit dieser Bohrung und dieser Testförderung wird AOI eine E&P Firma und das P bedeutet Produktion=Geld.

Freue mich schon auf die kommenden Bohrungen und Tests...auf noch mehr "E"s die sich in "P"s umwandeln

[motz1]

Antwort auf Beitrag Nr.: 44.136.111 von gimo211 am 13.02.13 14:35:26

Thx gimo.

"Ich hoffe, AOI gewinnt nun sein positives Momentum zurück..."

>>> "Wir" haben zumindest mal wieder einen Preis gewonnen .

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Africa Oil Ranked Number One on TSX Venture 50

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) -Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to announce that it has achieved the number one ranking on the TSX Venture 50 for 2012. TSX Venture 50 is a ranking of strong performers on the TSX Venture Exchange with measurements including share price performance, market cap growth, trading volume and analyst coverage, etc.

Keith Hill, President and CEO of Africa Oil, commented, "With over 2,200 companies listed on the TSX Venture Exchange, we couldn't be more proud to be ranked number one overall and also number one in the oil and gas subset. Our new oil discoveries in Kenya have garnered world-wide attention, allowing us to deliver a 342% return over the course of the year and attract coverage from 18 oil and gas analysts. We look forward to another successful year in 2013."
[...]

http://tmx.quotemedia.com/article.php?newsid=57989762&qm_sym…

[gimo211]

Antwort auf Beitrag Nr.: 44.134.908 von motz1 am 13.02.13 11:07:52

Eine wunderbare Zusammenfassung, motz1

Ein guter Tag für AOI mit unerwartet positiven Test-Ergebnissen...

Insbesondere die 1.860 bbld ohne artifical lift mit 37 Grad (!) API auf Basis einer Permeability von mehr als 1000 md (!) sind großartig und haben für das ganze Basin große Bedeutung!!

(Gruß an Mea_Culpa an dieser Stelle, der ja hier verkündet hat, dass ein Free Flow bei Twiga undenkbar sein...)

Bei PaiPai ist die Interpretation der gewählten Worte schwierig... Mein Verständnis ist jedoch, dass wir eine sehr gute Chance auf eine Gas und Condensate Discovery haben - die fluid Samples, die mit dem MDT zur Oberfläche gebracht werden sollten, können dann eigentlich nur Leicht-Öl sein (API > 40 Grad?)... Jedenfalls ist PaiPai jetzt noch kein Duster - auch wenn das derzeit schon bei manchen Foren so interpretiert wird...

Ich hoffe, AOI gewinnt nun sein positives Momentum zurück...

[motz1]

Für mich entscheidend: Durch die positiven Twiga-flow tests fand wieder ein (großes) de-risking für den gesamten Basin statt. Twiga ist ein Erfolg, ich freue mich auf das Appraisal und auf Ngamia und die folgenden look-alikes...


Twiga:
- Vermeldete derzeitige kombinierte flow rate von über 2351bopd, eine weitere Zone wird derzeit noch getestet und schafft laut Tullow wohl über 500bopd.
- natural flow von zumindest einer Zone: sehr gutes Zeichen.
- Die tiefere 800m-Zone lieferte mit den vorhandenen Mitteln keine ausreichenden flows
- Eine interessante Erklärung zu den technischen Limitationen der verwendeten Pumpen und deren mutmaßlichen Einsatzgrundes von otters/stockhouse:
„Getting 1,860 bopd with natural flow is positive given no natural flow was expected. I never fully understood the 500 BPD pump limitations as I had assumed they would use an ESPs (electric submersible pump). It is now clear why rates were limited - they have used PCPs (positive cavitation pump). These are very limited - to get 500 BOPD from the reservoir you will need to pump around 1,000 B of power fluid from surface. The size of pupm is dictated by the power fluid packae at surface. You will not get high rates but you will get the required data (high flow rates are only required for share price, not for reservoir data gathering).
PCPs have very fixed limits. I expect they have gone this way because they are worried about sand production (high porosity sands, shallow, low matrix strength) which they would have got with higher rate pumps (ESPs). Sand control measures can be implemented in the development wells to prevent this and allow much higher rates.”


Sabisa:
- Nichts neues, Ende des Drillings bis Monatsende erwartet (Tullow)
- Rig bleibt in Äthiopien, bis zu zwei weitere Drillings


PaiPai:
- Wurde bis auf 4255m gebohrt bis zum Erreichen des Basements
- Light HC-Shows im Lower Cretaceous
- Keine konventionelle Probenentnahme aufgrund schwieriger Bohrlochverhältnisse
- Beim casing sagt Tullow, dass damit eine Probeentnahme ermöglicht wird. Bzgl. Testing verrät uns Tullow, dass es wohl einen kleinen Bereich zu geben scheint der interessiert und bei dem man die reservoir properties testen will. AOI spricht von „additional fluid sampling by MDT“.
„The well is now being cased to enable sampling and the measurement of reservoir properties over a narrow zone of interest. We plan to evaluate and report on the conclusions drawn from this activity by the end of February 2013.” (Tullow)
“Light hydrocarbon shows were encountered in sands in the Lower Cretaceous interval and the well is currently being cased for additional fluid sampling by MDT.” (AOI)



Weitere bedeutsame Hinweise:
- ”These tests provide the first potentially commercial flow rates achieved in Kenya and provide real encouragement for the Ngamia test.” (Tullow)
- Beschleunigung – es wird ein (weiteres?!) work over rig kommen:
“Given the positive results to date, work is under way to secure further operational capacity to accelerate the exploration and appraisal campaign; this will include a further light rig for flow testing activities, and a 3D seismic capability to appraise the now proven hydrocarbon potential of the Lokichar basin.” (Tullow)
- Permeability:
“The reservoir quality of the Auwerwer sands appears to be significantly better than predicted which was also supported by recent core analysis data with several values over 1 darcy permeability.” (AOI)
- Ngamia-Testing: mindestens 4 flow tests
“With the conclusion of the Twiga South-1 testing programme, the Weatherford-804 rig will move to Ngamia-1A to re-enter the well and perform four flow tests. These tests are expected to deliver rates similar to Twiga South-1.” (Tullow)
“With the conclusion of the Twiga South-1 testing programme, the Weatherford-804 rig will move to Ngamia-1A to re-enter the well and perform at least four flow tests.” (AOI)


Alles wie immer imvho.

[motz1]

Tullow:

...........................

Kenya and Ethiopia

Tullow’s acreage in Kenya and Ethiopia includes Blocks 10A, 10BA, 10BB, 12A, 12B & 13T in Kenya and the South Omo Block in Ethiopia which together cover around 100,000 sq km. Tullow operates all seven of these blocks and has a 50% interest in six of them. In July 2012, Tullow completed the acquisition of an additional 15% interest in Block 12A, taking its interest in that block to 65%. Tullow also has a 15% interest in Block L8, offshore Kenya, with an option to increase this equity by a further 5%.

The onshore acreage covers over 10 Rift Basins in Kenya and Ethiopia, which have similar characteristics to the Lake Albert Rift Basin, and include a southeast extension of the geologically older Sudan Rift Basins trend. Exploration drilling in the Kenya Rift Basins commenced in January 2012 with the drilling of the Ngamia-1 wildcat well in Block 10BB. The well was drilled to a total depth of 2,340 metres and made a significant oil discovery of over 100 metres of net oil pay, across multiple reservoir zones within a 1.1 km thick gross oil bearing interval.

Exploration activity continued with the Twiga South-1 well which spudded in August 2012 and is located, on-trend, 22 km from Ngamia-1 in Block 13T. In November 2012, the Group announced that the well had encountered 30 metres of net oil pay and an additional tight reservoir rock section with hydrocarbon shows over a total gross interval of 796 metres. Moveable oil, with an API greater than 30 degrees, was recovered to surface from all sections, during an MDT sampling programme.

The discoveries at Ngamia and Twiga South demonstrate that substantial oil generation has occurred in the South Lokichar Basin, one of more than 10 Tertiary Rift Basins in the Kenya-Ethiopia acreage, each of which is similar in size to the Lake Albert Rift Basin in Uganda. To build up our knowledge of the natural variance in reservoir performance, and to assess deliverability and reserves, a series of flow tests will be conducted on both wells.

Four flow tests have so far been carried out on the Twiga South-1 well in January and early February 2013 and a fifth test is ongoing. A cumulative rate of 2,351 bopd was recorded from two separate sands in the Auwerwer formation. One test flowed naturally without pumping at a maximum flow rate of 1,860 bopd of 37°API oil and the other flowed at a rate of 491 bopd using a Progressive Cavity Pump (PCP). The final flow test in the Auwerwer formation is ongoing using a PCP and we anticipate that the zone will flow over 500 bopd taking the total combined rate to over 2,850 bopd for the well. Two deeper tests were also completed on the tight reservoir rock at the bottom of the well and, as anticipated, both produced at sub-commercial flow rates and reconfirmed the presence of moveable oil.

These tests provide the first potentially commercial flow rates achieved in Kenya and provide real encouragement for the Ngamia test. With the conclusion of the Twiga South-1 testing programme, the Weatherford-804 rig will move to Ngamia-1A to re-enter the well and perform four flow tests. These tests are expected to deliver rates similar to Twiga South-1.

A Full Tensor Gradiometry (FTG) Gravity Survey has been completed across most of the Kenya-Ethiopia licence area and over 100 leads and prospects have currently been identified. Three drilling rigs are currently operational along with two seismic crews. Given the positive results to date, work is under way to secure further operational capacity to accelerate the exploration and appraisal campaign; this will include a further light rig for flow testing activities, and a 3D seismic capability to appraise the now proven hydrocarbon potential of the Lokichar basin.

In 2013, Tullow plans to drill up to 11 exploration and appraisal wells and carry out up to five well tests to de-risk further basins and to understand the potential scale of the South Lokichar discoveries. Whilst both the Ngamia and Twiga South discoveries have exceeded expectations and substantially de-risked further prospects in the South Lokichar Basin, it will require considerably more exploration and appraisal activity to be completed before the commercial threshold for the basin is achieved.

Paipai-1 has been drilled to a total depth of 4,255 metres. Light hydrocarbon shows have been encountered while drilling through Lower Cretaceous sands. We have been unable to obtain samples conventionally due to difficult hole conditions. The well is now being cased to enable sampling and the measurement of reservoir properties over a narrow zone of interest. We plan to evaluate and report on the conclusions drawn from this activity by the end of February 2013.

On completion of operations at Paipai the Sakson PR-5 will mobilise to Kenya Block 10BB to spud the Etuko-1 well in the Lokichar basin. The well is expected to spud in 2Q 2013.


The Sabisa-1 prospect in the South Omo block in Ethiopia commenced drilling in January 2013. This well is a high risk wildcat, testing for an entirely new petroleum system in the undrilled South Omo Basin. The rig is expected to drill up to two further wells in Tullow’s Ethiopian rift basin acreage during 2013.

In Block L8, offshore Kenya, the Mbawa-1 well encountered 52 metres of net gas pay in the shallower primary targets. This was the first hydrocarbon discovery, offshore Kenya and clearly demonstrates a working petroleum system. The well has been plugged and abandoned but the results will be instrumental in deciding the next steps on this highly prospective licence.

http://www.tullowoil.com/files/pdf/results/2012_full_year_re…" target="_blank" rel="nofollow ugc noopener">
http://www.tullowoil.com/files/pdf/results/2012_full_year_re…

[gabbo62]

NEWS NEWS NEWS

February 13, 2013 02:00 ET

Africa Oil Corp.: Twiga South-1 Well Tests 2,351 Barrels of Oil From Two Zones-Final Test Ongoing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 13, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI)(OMX:AOI) is pleased to provide the following update in respect of its ongoing operations in Kenya.

Four flow tests have been carried out on the Twiga South-1 well in January and early February and a fifth test is ongoing. A cumulative rate of 2,351 bopd was recorded from two separate sands in the Auwerwer formation. One test flowed at a maximum natural flow rate of 1,860 bopd of 37°API oil and the other flowed at a rate of 491 bopd using a Progressive Cavity Pump (PCP). The final flow test in the Auwerwer formation is ongoing using a PCP and we anticipate that the zone will flow over 500 bopd taking the total combined rate to over 2,850 bopd for the well. Two deeper tests were also completed on the tight reservoir rock at the bottom of the well and, as anticipated, both produced at sub-commercial flow rates and reconfirmed the presence of moveable oil.

The reservoir quality of the Auwerwer sands appears to be significantly better than predicted which was also supported by recent core analysis data with several values over 1 darcy permeability. These tests provide the first potentially commercial flow rates achieved in Kenya and provide real encouragement for the forthcoming DST programme at the Ngamia discovery, located approximately 22 kilometres to the south of Twiga South-1. With the conclusion of the Twiga South-1 testing programme, the Weatherford-804 rig will move to Ngamia-1A to re-enter the well and perform at least four flow tests.

The Company also reports that the Paipai-1 well has reached a total depth of 4255 metres, encountering igneous rocks at the base that appear to be basement. Light hydrocarbon shows were encountered in sands in the Lower Cretaceous interval and the well is currently being cased for additional fluid sampling by MDT. Further testing or evaluation of Paipai, if warranted, would follow with a dedicated testing unit. On completion of operations at Paipai, the Sakson PR-5 will mobilise to Kenya Block 10BB to spud the Etuko-1 well in the Lokichar basin. The spud is expected in 2Q 2013.

Africa Oil President and CEO, Keith Hill, stated, "We are extremely pleased with the reservoir quality and resultant flow rates in the shallow Auwerwer sands confirmed by this testing. We will now focus on this section as the primary reservoir in our upcoming exploration program on the western flank of the Lokichar Basin. We remain intrigued by the lower fractured reservoir and Lower Lokhone sands which will be further evaluated in future exploration. Our aggressive 2013 drilling program includes numerous high impact wells on trend with the Lokichar discoveries but also wells in new areas designed to open additional sub-basins in our large acreage portfolio."

http://www.marketwire.com/press-release/africa-oil-corp-twig…

[motz1]

Thx to Stockbrain/Stockhouse!

@texas2 und Staberhuk waren hinsichtlich take over target spot on!


"We've done some analysis and it indicates that the reservoir is better than we previously thought," said the President.

Erwartet wurden flowrates von max. 500bopd je Intervall - wenn wir am höheren Ende der Schätzung landen wäre ich recht zufrieden. Wenn es darüber hinaus gehen sollte ohnehin...

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AFRICA OIL CAN THINK OF SELLING THE COMPANY ABOUT 2-3 YEARS - CEO
(Direct)
2013-02-12 17:33


NAIROBI (Reuters) Africa Oil is willing to sell the entire company for 2-3 years.

It says oil exploration company's CEO Keith Hill in an interview with Nyhestbyrån Direct on Tuesday in the Kenyan capital Nairobi.

"I have met almost all the major players and they have all expressed interest but honestly I do not think they are so interested right now. They wait probably be happy for us to drill more wells so that the risk is reduced and they are then ready to pay a premium, "says the CEO.

He continues:

"Lukas Lundin has said that we are not for sale now, but in 2-3 years, we could consider selling the company or taking on a major partner to fund our operations going forward."

Africa Oil's budget for capital expenditure, capex, amounts to $ 186 million for this year and in 2014 assessed the level of investment could possibly increase slightly.

"Capex for next year is likely to be on par with or greater than the current year," said president allowing a budget of at least $ 200 million seems reasonable for 2014.

How will you get the money for 2014?

"If we do not get any jätteattraktivt bid from any of the really big players in the oil sector, I think we perhaps should get more money through a private placement and drill another year before we board an extensive partner or even sell the entire company" .

As for the Kenyan cockpit Twiga Africa Oil has found indications that the well's reservoir is better than the company previously thought.


"We've done some analysis and it indicates that the reservoir is better than we previously thought," said the President.

Do you think you can get up commercially recoverable oil from the deeper section of the well-Twiga?

"We have tested and we will go out with a press release about it," said Keith Hill, without going into detail about it.

What utfarmningsmöjligheter is concerned, look at Africa Oil to bring in a partner in its Somali operations and one or two licenses in Ethiopia, according to CEO.

The presidential election in Kenya, whose first round will be held on March 4, with a possible second round on April 11, hoping Keith Hill that power transmission is more peacefully than what happened at the last election in december 2007, when unrest in the aftermath of the election results led to more than a thousand deaths.

"From our standpoint, we are afraid it may affect our operations, we see no direct security threats to our staff. There is a reasonable risk that the business goes down a bit in the next few laps 6-8 weeks. But hopefully maktöverlämnadet much more peaceful to than the last, and things go back to normal. Oil has not been a major topic of debate in this election, "said Keith Hill the approaching Kenyan presidential election.

In 2013 the company is expected to drill 10 wells of interest, according to Keith Hill


Henrik Svensson [phone]
Direkt

https://www.avanza.se/aza/press/news.jsp?newsArticleId=N1965…

[motz1]

Ein kleines Sammelsurium an Postings von user freddahl auf stockhouse - zweimal von Reuters, einmal aus dem schwedischen übersetzt. Kurzfassung: Reuters zitiert KH dass Twiga-Flows morgen kämen, möglicherweise mit PaiPai Nachrichten zusammen, die Sabisa-Ergebnisse werden zum Monatsende erwartet.

Für Freunde der Steuerlehre Kenias noch der letzte Beitrag, wonach AOI versichert wurde dass sich bei ihren Verträgen nichts ändert.

Morgen sollten wir mehr wissen...

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Nairobi (Reuters) Africa Oil will likely release a press release on final test relevant flows the Kenyan well Twiga tomorrow, Wednesday.

It said the company's CEO Keith Hill told reporters on Tuesday in Nairobi.

In January, released preliminary results indicated that Parliament flows was 500 bopd per interval of Twiga well.

Africa Oil's which is Twiga is 50 percent. Operator is British Tullow Oil with the remaining 50 percent.

Keith Hill also said that Wednesday's press release could contain any kind of information or situational awareness around the Kenyan well Paipai where Africa Oil has an interest in 30 percent and where Tullow is the operator again.

Recently,Kenyan media reports claimed that gas found in Paipai.
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Africa Oil drilling results Sabisa end of Feb

Nairobi (Direct) Drill Results from the Ethiopian well Sabisa expected by the end of the current month, said Africa Oil president Keith Hill told reporters in Nairobi on tuesday.drilling has been faster than expected, summarizes Keith Hill certainty surrounding the drilling of the Ethiopian News Agency Direkt as spudded in mid-January and was supposed to take around two months to complete.In the Ethiopian license where Sabisa is Africa Oil has an interest 30 percent, where Tullow Oil is the operator with a 50 percent share.

GLTA

PS : Sorry for the google translate, better this than Swedish i suppose.
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Africa Oil - Same Taxes as before

AFRICAOIL IS APPLICABLE COMPANY'S TAXES
08:51 Nairobi(Reuters) Africa Oil has been advised that the Company's current fiscal conditions in Kenya on the taxation of the company's licenses will not be changed.

That was the message to journalists on Tuesday from the oil exploration company's management.

Kenya is currently revising their legislation for the oil and gas industry in the country since the old laws is from 1986.

The conditions that mayapply when the new legislation been identified and res judicata thus does not include agreements already concluded with no new agreements.

From time to time it has been speculated that Kenya would renegotiate even entered taxation conditions such as Africa Oil