Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 208)

[gabbo62]

Schöne Zusammenfassung eines Stockhouse-User:

This I create by combining the drill schedule from the Tullow RNS Friday and from the AOI corporate presentation.



Exploration Wells

In progress - Paipai (Kenya, Block 10A); P50 gross prospective resources: 121 million bbls; Chance of success 10%

In progress - Sabisa (Ethiopia, South Omo Block); P50 gross prospective resources: 68 million bbls; Chance of success 17%

Q1 2013 - Etuko (Kenya, Block 10BB); P50 gross prospective resources: 231 million bbls; Chance of success 34%

Q2 2013 - Etuko-C (Kenya, Block 10BB); No information available; potential up-dip from Etuko?

Q2 2013 - Ekales-S, (Kenya, Block 13T); P50 gross prospective resources: 64 million bbls; Chance of success 39%

Q2 2013 - Ekales-D (Kenya, Block 13T); Planned as down-dip sidetrack to Ekales-S well

Q2/Q3 2013 - El Kuran-3 (Ethiopia, Blocks 7/8); AOI internal estimate of gross oil in place: 1.3 billion bbls; Issue is whether prospect can produce at commercial rates (acidizing, fraccing, and horizontal sidetracks being considered)

Q3 2013 - Ngamia South (Kenya, Block 10BB); P50 gross prospective resources: 68 million bbls; Chance of success 39%

Q3 2013 - Shimela (Ethiopia, South Omo Block); No information available

2H 2013 - Kinyonga (Kenya, Block 9); P50 gross prospective resources: 320 million bbls; Chance of success 19%



Contingent/Potential Exploration Wells

Q4 2013 - To Be Announced (Ethiopia, South Omo Block)

To Be Confirmed - Pundamilia (Kenya, Block 9); P50 gross prospective resources: 402 million bbls; Chance of success 19%



Testing/Appraisal Wells

In Progress - Twiga and Ngamia Testing (Kenya, Blocks 13T & 10BB)

Q3 2013 - Ngamia Appraisal (Kenya, Block 10BB)

Q4 2013 - Twiga Appraisal (Kenya, Block 13T)



Contingent Testing/Appraisal Wells

2H 2013 - To Be Announced (Various)





API38


Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&…

[gabbo62]

NEWS NEWS NEWS

January 14, 2013 02:00 ET

Africa Oil Announces Spud of Sabisa Well in South Omo Permit in Ethiopia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 14, 2013) - Africa Oil Corp. ("Africa Oil" or the "Company") (TSX VENTURE:AOI) (OMX:AOI) is pleased to announce the commencement of drilling operations on the Sabisa-1 well in the South Omo Block in Ethiopia. The well was spud on January 13, 2013 by the Operator, Tullow Oil Plc ("Tullow") and is currently drilling ahead. The well is expected to take approximately 60 days to reach the planned total depth of 2,600 meters. Africa Oil holds a 30% working interest in the block with Tullow holding a 50% interest and Agriterra Limited ("Agriterra") holding the remaining 20% interest. Marathon Oil Ethiopia B.V. ("Marathon") has announced a transaction to purchase Agriterra's interest in the South Omo Block. This transaction is subject to Ethiopian Government approval.

The South Omo Block is located in the northern portion of the Tertiary East African Rift trend where Africa Oil and their partner, Tullow, have made two significant discoveries in the Lokichar Basin of Kenya. The Sabisa well is located on a similar structural feature as those two discoveries, along a major basinal fault trend. The basin that this well is located in is slightly younger in age than the Lokichar Basin. One of the primary goals of this well is to prove that the petroleum system extends to the north which could open up a new sub-basin if successful. There are numerous prospects and leads on trend with Sabisa. Partners are currently acquiring 1,000 km of 2D seismic data in the Chew Bahir Basin, located in the eastern portion of the block. Prospects identified from this newly acquired survey could provide future drilling candidates that would test another sub-basin within the Tertiary rift trend.

Africa Oil President Keith Hill commented, "This is an exciting well which has the potential to de-risk a large portion of our current portfolio of prospects. With the aggressive exploration campaign planned with our partners Tullow and Marathon in 2013, we will have the opportunity to dramatically change the profile of the Company in the upcoming year. With our recent financing completed, we are well situated to execute one of the most exciting exploration campaigns in the world class East African play fairway."

http://www.marketwire.com/press-release/africa-oil-announces-s…

[motz1]

Antwort auf Beitrag Nr.: 44.014.240 von gabbo62 am 12.01.13 15:02:53

Hi gabbo62,

ich gehöre zwar nicht zu den Experten, und habe PaiPai noch nicht abgeschrieben.

Ich hatte mir die selbe Frage gestellt. Neben der gesamten allgemeinen Drill-Problem-Palette die aus meiner Sicht in Frage kommt (geologischer Art, technischer Art, ...) hoffe ich auch auf Tests. "Too much oil" war bei Ngamia die Erklärung für die Verzögerungen...

Dass Tullow bei Twiga nun -so verstehe ich es- zwei Tests für die untere 800m-Zone plant finde ich interessant. Wenn da was gehen sollte .

Tullow scheint insgesamt ziemlich happy mit Kenya zu sein, was ich aus deren Operational Update herauslese:
"The clear highlight in 2012 was establishing Kenya as a new oil nation with two frontier discoveries at Ngamia-1 and Twiga South-1. These discoveries are, alongside successful exploration in Uganda and recent major offshore gas discoveries by industry peers, establishing East Africa as an exciting new energy region."

Anscheinend ist Tullow ziemlich zuversichtlich, dass sich etwas draus machen lässt...

[gabbo62]

Frage an die Explorer-Experten: Gibt es eine Erklärung für diese Verzögerung bei Paipai? Es scheint, als hätte man zwischenzeitlich die Bohrung für Tests unterbrochen.

Aus NR vom 26.11.12

Elsewhere in Africa Oil's East African Rift basin portfolio, the Paipai-1 well in Block 10A in Kenya is drilling as planned and results are expected to be released by the end of the year.

http://africaoilcorp.mwnewsroom.com/press-releases/africa-oi…

Aus NR vom 11.01.13

Drilling operations continue at the Paipai prospect in Kenya Block 10A which is preparing to drill ahead at 3,850 meters after setting 9 5/8" casing. The well has penetrated a shaly interval which is believed to be a potential top seal for the main objective reservoirs of Lower Cretaceous and possibly Jurassic age. The well is expected to reach total depth in the first half of February.

http://africaoilcorp.mwnewsroom.com/press-releases/africa-oi…

[motz1]

Antwort auf Beitrag Nr.: 44.009.024 von bmann025 am 11.01.13 09:49:24

Sorry, kann ich dir ziemlich genau sagen: Ist ein Copy&Paste-Fehler von mir .
Schau dir das PDF dazu an, ist an der gleichen Stelle wie im Original - warum aus der 3 allerdings eine 2 wird ist mir schleierhaft. Wobei es ohnehin nicht da sein sollte...

[bmann025]

Zitat von motz1: ...Page 3 of 7 reservoir quality...

Weiss jemand, wie dies definiert ist ?

[motz1]

NR von AOI:

----------------------------

Africa Oil Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2013) -Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to provide the following update on its operations in Kenya and Ethiopia.

With two significant oil finds achieved to date, the Company and operating partner, Tullow Oil plc, continue their very aggressive 2013 drill program on the newly discovered East African play fairway. The partnership currently has three rigs active in the area.

The testing program on the Twiga discovery well is underway with final results expected to be announced in early February. Five zones are being tested. Based on analysis of the electrical logs, conventional and sidewall cores and MDT sampling program, the Company estimates a flow rate of approximately 500 bopd per interval. It is important to note that the test results may be limited by the size and capacity of the pump and testing equipment being used and a number of other factors including reservoir characteristics and pressure.

Drilling operations continue at the Paipai prospect in Kenya Block 10A which is preparing to drill ahead at 3,850 meters after setting 9 5/8" casing. The well has penetrated a shaly interval which is believed to be a potential top seal for the main objective reservoirs of Lower Cretaceous and possibly Jurassic age. The well is expected to reach total depth in the first half of February.

In Ethiopia, the Sabisa well in the South Omo block is expected to commence drilling by the end of January.

In addition, the Company reports that it has terminated its interest in Blocks 7 and 11 in Mali and been released from all future obligations in relation to these Blocks. The Company previously wrote-off its capitalized costs related to Mali during the first quarter of 2012, recognizing a $3.1 million impairment.

http://tmx.quotemedia.com/article.php?newsid=57175256&qm_sym…

[motz1]

Aus dem heutigen Trading Statement von Tullow:

---------------------------------------

Kenya and Ethiopia
Following the discovery of a major new oil basin in Kenya with the first two exploration wells, up to eleven
further exploration and appraisal wells are planned in Kenya and Ethiopia in 2013 as detailed in the exploration
drilling schedule. These include the high risk Paipai-1 wildcat in Block 10A which is currently in the top seal of
the main objective at a depth of 3,850 metres. A result is expected in February 2013. The Sabisa-1 well in the
South Omo block in Ethiopia is expected to commence drilling within the next two weeks.
A testing programme, to build up our knowledge of the natural variance in reservoir performance, has now
commenced on Twiga South-1 and is expected to be completed by February 2013. Test flow rates are not
expected to exceed 500 bopd per interval due to the limits of the test equipment, reservoir energy and the
Page 3 of 7
reservoir quality. Five tests are planned with three in the Upper Lokhone reservoir. Operations following
testing will include the drilling of the Etuko-1 well on what was formerly known as the Kamba prospect and
flow testing Ngamia-1.


Bohrprogramm 2013 für Kenya und Ethiopia:
Kenya
10A Paipai 50% In progress
13T/10BB Testing (Twiga and Ngamia) 50% In progress
10BB Etuko (formerly Kamba) 50% Q1 2013
13T Ekales-S (formerly Kongoni) 50% Q1 2013
13T Ekales-D 50% Q2 2013
10BB Etuko-C 50% Q2 2013
10BB Ngamia Appraisal 50% Q3 2013
10BB Ngamia South 50% Q3 2013
13T Twiga Appraisal 50% Q4 2013
Various Contingent testing x3 50% 2H 2013

Ethiopia
South Omo Sabisa 50% Jan 2013
South Omo Shimela 50% Q3 2013
South Omo Contingent well 50% Q4 2013

http://library.the-group.net/tullow/client_upload/file/Tullo…

[motz1]

Antwort auf Beitrag Nr.: 44.002.910 von schwochner am 10.01.13 01:32:59

Dem kann ich mich anschließen, warten wir die Flowrates ab. Man kann sich immer noch an Tullow orientieren. Immerhin ein 15Mrd-Schiff mit jahrelanger Erfahrung in unmittelbarer Nachbarschaft. Sie haben Ngamia als ihr beste jemals gedrillte well bezeichnet.

Twiga ist die zweite wildcat well, hat bislang 30m net pay gebracht. Fällt mir schwer das negativ zu sehen. Wer dachte dass nach Ngamia nur noch bessere Ergebnisse kommen werden, der wurde -m.E. naturgemäß- eines besseren belehrt. Viele der Uganda wells produzieren mit gleichem net pay. Warten wir die Flowrates dazu ab.

PaiPai wurde im Prinzip ja bereits ohne Fakten trocken gelabert...

[Mea_Culpa35]

So ist zu befürchten, dass Paipai-1 ein Flop werden wird...
Anders lassen sich die vielen "Kaufempfehlungen" schwerlich erklären...