Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 64)
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Antwort auf Beitrag Nr.: 56.959.778 von motz1 am 07.02.18 12:00:03Op. update:
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 7, 2018) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (AOI.TO) (AOI.ST) is pleased to provide the following update on activities in the South Lokichar basin (Blocks 10BB and 13T in Kenya). AOC has a 25% working interest in Blocks 10BB and 13T with Tullow Oil plc (50% and Operator) and Maersk Olie og Gas A/S (25%) holding the remaining interests (collectively, the "Joint Venture Partners").
The Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields be developed as the initial stage of the South Lokichar development. This phase of the development is planned to include a 60,000 to 80,000 barrels of oil per day (bopd) Central Processing Facility (CPF) and an export pipeline to Lamu, some 750 kilometers from the South Lokichar basin on the Kenyan coast. This approach is expected to bring significant benefits as it enables an early Final Investment Decision (FID) of the Amosing and Ngamia fields taking full advantage of the current low-cost environment for both the field and infrastructure development, as well as providing the best opportunity to deliver first oil in a timeline that meets the Government of Kenya expectations. The installed infrastructure can then be utilized for the optimization of the remaining and yet to be discovered South Lokichar oil fields, allowing the incremental development of these fields to be completed in an efficient and low cost manner post first oil.
The initial stage is planned to include 210 wells through 18 well pads at Ngamia and 70 wells through seven well pads at Amosing, with a planned plateau rate of 60,000 to 80,000 bopd. Additional stages of development are expected to increase plateau production to 100,000 bopd or greater. It is anticipated that Front End Engineering and Design (FEED) for the initial stage will commence in 2018, with FID targeted for 2019 and first oil in 2021/22.
A total of six appraisal wells have been drilled at the Amosing field, ten at Ngamia, three at Etom and two at Ekales. Additionally, extended well tests, water injection tests, well interference tests and water-flood trials have been undertaken, all of which have proved invaluable for planning the development of the oil fields. Tullow Oil plc has released (February 7, 2018) their updated assessment of resources in the South Lokichar basin. Details of Africa Oil's most recent independent assessment of contingent resources in the South Lokichar basin are contained in the Company's press release dated May 10, 2016. The Company intends to have an updated independent resource evaluation in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") completed following the completion of the water injectivity and associated production testing planned for the first half of 2018.
Early Oil Pilot Scheme (EOPS)
An agreement between the Joint Venture Partners and the Government of Kenya was signed on March 14, 2017 allowing all EOPS upstream contracts to be awarded. Initial injectivity testing has started at Ngamia-11 and oil production and water injection facilities are being constructed in the field, which are expected to be ready to commence production/injection in the first quarter of 2018. Oil produced is being initially stored until all necessary consents and approvals are granted and work is completed for the transfer of crude oil to Mombasa by road.
Africa Oil CEO Keith Hill commented, "We are pleased that the Joint Venture has now agreed on an optimized plan to move forward with the South Lokichar Basin development, which will allow acceleration of a crude export pipeline through Northern Kenya. This development will set the stage for additional exploration, appraisal and development, unlocking the vast resources contained within the basin."
---------------------------------------------------
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2018) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Africa Oil Corp. (TSX:AOI) (OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce that it has entered into agreements that will provide it with an approximately 25.2% equity interest in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West Africa.
Investment in Impact Oil and Gas
The Company has entered into a subscription agreement (the "Subscription Agreement") with inter alia Impact providing for the purchase by AOC of 59,681,539 ordinary shares (the "Shares") and 29,840,769 ordinary share purchase warrants (the "Warrants") for an aggregate subscription price of approximately US$15 million. The Warrants have an exercise price of £0.25 per Share and an expiry date of April 27, 2021, subject to early expiration in the event of a liquidity event in respect of Impact. The Warrants are subject to customary adjustment provisions in respect of anti-dilution matters. The Subscription Agreement also provides that during the nine (9) month period after closing of the transactions contemplated by the Subscription Agreement, AOC may acquire, at the election of either AOC or Impact, an additional 9,946,923 Shares and 4,973,461 Warrants for an aggregate subscription price of approximately US$2,500,000.
The Company has also entered into a share purchase agreement (the "Helios SPA") with Helios Natural Resources 2 Ltd. ("Helios") to acquire 70,118,381 Shares and 15,529,731 warrants currently held by Helios in the capital of Impact (the "Helios Warrants") in exchange for 13,946,545 common shares of AOC (the "AOC Shares"). Upon completion of the transactions contemplated by the Helios SPA, the Helios Warrants will have an exercise price of £0.18 per Share for a 12 month period, and if not exercised during such period, £0.25 thereafter and the same expiry date as the Warrants. The Helios Warrants are also subject to customary adjustment provisions in respect of anti-dilution matters.
Finally, the Company has entered into an investors agreement ("Investors' Agreement") with Impact and certain other shareholders of Impact. The Investors' Agreement provides AOC with the right to nominate up to two members of the board of directors of Impact (which may consist of a maximum of nine (9) members) based on certain share ownership thresholds and consent rights with respect to certain fundamental matters in respect of Impact, including the future issuance of securities of Impact. The rights pursuant to the Investors' Agreement will cease upon AOC holding less than 10% of the Shares.
Africa Oil CEO Keith Hill commented, "We are very pleased to acquire a significant interest in Impact which holds a highly attractive portfolio in West and South Africa that has the potential for major discoveries in the short and medium term. Impact has done a great job of acquiring these properties at modest prices and bringing in major oil companies to fund upcoming drilling and seismic programs. This investment is a strong complement to our existing holdings in Africa Energy and ECO Atlantic and results in Africa Oil having exposure to some of the most exciting exploration plays in Africa to complement our Kenya development project. The structure of these investments allows us to preserve the necessary cash to ensure we can get to first oil without issuing additional equity."
The transactions contemplated by the Subscription Agreement and Helios SPA are subject to certain customary conditions to closing, including approval of the Toronto Stock Exchange and shareholder approval of Impact. The Helios SPA is subject to concurrent closing of the transactions contemplated by the Subscription Agreement, provided that the transactions contemplated by the Subscription Agreement are not conditional on the transactions contemplated by the Helios SPA.
The transactions contemplated by the Helios SPA constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Helios is a "related party" of AOC because it beneficially owns or controls more than 10% of the outstanding AOC Shares. The Company is relying on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in subsections 5.5(a)(iv) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transactions contemplated by the Helios SPA exceeds 25 percent of AOC's market capitalization. The AOC Shares to be issued to Helios will have a hold period in accordance with applicable Canadian securities law for a period of four (4) months and one day from their date of issuance.
PillarFour Securities LLP is acting as financial advisor and Pareto Securities is acting as strategic advisor to Africa Oil in connection with the transactions described herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Africa Oil Corp.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia, including the South Lokichar Basin (25% working interest in Blocks 10BB and 13T), where the Company and its Joint Venture Partners are undertaking activities aimed at sanctioning development. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
About Impact Oil and Gas Limited
Impact Oil and Gas acquired its first asset, the Tugela South Exploration Right, offshore South Africa in 2011 and has subsequently expanded its asset base across the offshore margins of South and West Africa. It has since partnered with ExxonMobil and Statoil (South Africa), CNOOC (AGC - between Senegal and Guinea Bissau) and Total (Namibia and South Africa). It is currently seeking a partner in its Gabonese assets. The company's current portfolio covers a combined area of over 90,000 km² (gross).
Impact is a pure exploration company with a strategic focus on large scale, mid to deep water plays of sufficient size to be of interest to major companies. Its management is committed to further expanding this attractive portfolio of exploration assets and securing these large independent and major oil companies as partners. The company's objective is to build a world class portfolio, in a number of different geologic and geographic locations to minimise risk and with a large enough portfolio to ultimately enhance the chance of drilling success. Management believes that by doing so, and by having oil industry partners validate its exploration concepts and ideas, it aims to deliver substantial shareholder value in the medium to longer term. Impact is currently privately owned.
Additional Information
The information in this release is subject to the disclosure requirements of the Company under the EU Market Abuse Regulation and the Swedish Securities Market Act. This information was publicly communicated on February 7, 2018 at 3:00 a.m. Eastern Time.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb 7, 2018) - Africa Oil Corp. ("Africa Oil", "AOC" or the "Company") (AOI.TO) (AOI.ST) is pleased to provide the following update on activities in the South Lokichar basin (Blocks 10BB and 13T in Kenya). AOC has a 25% working interest in Blocks 10BB and 13T with Tullow Oil plc (50% and Operator) and Maersk Olie og Gas A/S (25%) holding the remaining interests (collectively, the "Joint Venture Partners").
The Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields be developed as the initial stage of the South Lokichar development. This phase of the development is planned to include a 60,000 to 80,000 barrels of oil per day (bopd) Central Processing Facility (CPF) and an export pipeline to Lamu, some 750 kilometers from the South Lokichar basin on the Kenyan coast. This approach is expected to bring significant benefits as it enables an early Final Investment Decision (FID) of the Amosing and Ngamia fields taking full advantage of the current low-cost environment for both the field and infrastructure development, as well as providing the best opportunity to deliver first oil in a timeline that meets the Government of Kenya expectations. The installed infrastructure can then be utilized for the optimization of the remaining and yet to be discovered South Lokichar oil fields, allowing the incremental development of these fields to be completed in an efficient and low cost manner post first oil.
The initial stage is planned to include 210 wells through 18 well pads at Ngamia and 70 wells through seven well pads at Amosing, with a planned plateau rate of 60,000 to 80,000 bopd. Additional stages of development are expected to increase plateau production to 100,000 bopd or greater. It is anticipated that Front End Engineering and Design (FEED) for the initial stage will commence in 2018, with FID targeted for 2019 and first oil in 2021/22.
A total of six appraisal wells have been drilled at the Amosing field, ten at Ngamia, three at Etom and two at Ekales. Additionally, extended well tests, water injection tests, well interference tests and water-flood trials have been undertaken, all of which have proved invaluable for planning the development of the oil fields. Tullow Oil plc has released (February 7, 2018) their updated assessment of resources in the South Lokichar basin. Details of Africa Oil's most recent independent assessment of contingent resources in the South Lokichar basin are contained in the Company's press release dated May 10, 2016. The Company intends to have an updated independent resource evaluation in accordance with National Instrument 51-101 Standards of Disclosure for Oil and Gas Activities ("NI 51-101") completed following the completion of the water injectivity and associated production testing planned for the first half of 2018.
Early Oil Pilot Scheme (EOPS)
An agreement between the Joint Venture Partners and the Government of Kenya was signed on March 14, 2017 allowing all EOPS upstream contracts to be awarded. Initial injectivity testing has started at Ngamia-11 and oil production and water injection facilities are being constructed in the field, which are expected to be ready to commence production/injection in the first quarter of 2018. Oil produced is being initially stored until all necessary consents and approvals are granted and work is completed for the transfer of crude oil to Mombasa by road.
Africa Oil CEO Keith Hill commented, "We are pleased that the Joint Venture has now agreed on an optimized plan to move forward with the South Lokichar Basin development, which will allow acceleration of a crude export pipeline through Northern Kenya. This development will set the stage for additional exploration, appraisal and development, unlocking the vast resources contained within the basin."
---------------------------------------------------
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Feb. 7, 2018) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Africa Oil Corp. (TSX:AOI) (OMX:AOI) ("Africa Oil", "AOC" or the "Company") is pleased to announce that it has entered into agreements that will provide it with an approximately 25.2% equity interest in Impact Oil and Gas Limited ("Impact"), a private UK company with exploration assets in South and West Africa.
Investment in Impact Oil and Gas
The Company has entered into a subscription agreement (the "Subscription Agreement") with inter alia Impact providing for the purchase by AOC of 59,681,539 ordinary shares (the "Shares") and 29,840,769 ordinary share purchase warrants (the "Warrants") for an aggregate subscription price of approximately US$15 million. The Warrants have an exercise price of £0.25 per Share and an expiry date of April 27, 2021, subject to early expiration in the event of a liquidity event in respect of Impact. The Warrants are subject to customary adjustment provisions in respect of anti-dilution matters. The Subscription Agreement also provides that during the nine (9) month period after closing of the transactions contemplated by the Subscription Agreement, AOC may acquire, at the election of either AOC or Impact, an additional 9,946,923 Shares and 4,973,461 Warrants for an aggregate subscription price of approximately US$2,500,000.
The Company has also entered into a share purchase agreement (the "Helios SPA") with Helios Natural Resources 2 Ltd. ("Helios") to acquire 70,118,381 Shares and 15,529,731 warrants currently held by Helios in the capital of Impact (the "Helios Warrants") in exchange for 13,946,545 common shares of AOC (the "AOC Shares"). Upon completion of the transactions contemplated by the Helios SPA, the Helios Warrants will have an exercise price of £0.18 per Share for a 12 month period, and if not exercised during such period, £0.25 thereafter and the same expiry date as the Warrants. The Helios Warrants are also subject to customary adjustment provisions in respect of anti-dilution matters.
Finally, the Company has entered into an investors agreement ("Investors' Agreement") with Impact and certain other shareholders of Impact. The Investors' Agreement provides AOC with the right to nominate up to two members of the board of directors of Impact (which may consist of a maximum of nine (9) members) based on certain share ownership thresholds and consent rights with respect to certain fundamental matters in respect of Impact, including the future issuance of securities of Impact. The rights pursuant to the Investors' Agreement will cease upon AOC holding less than 10% of the Shares.
Africa Oil CEO Keith Hill commented, "We are very pleased to acquire a significant interest in Impact which holds a highly attractive portfolio in West and South Africa that has the potential for major discoveries in the short and medium term. Impact has done a great job of acquiring these properties at modest prices and bringing in major oil companies to fund upcoming drilling and seismic programs. This investment is a strong complement to our existing holdings in Africa Energy and ECO Atlantic and results in Africa Oil having exposure to some of the most exciting exploration plays in Africa to complement our Kenya development project. The structure of these investments allows us to preserve the necessary cash to ensure we can get to first oil without issuing additional equity."
The transactions contemplated by the Subscription Agreement and Helios SPA are subject to certain customary conditions to closing, including approval of the Toronto Stock Exchange and shareholder approval of Impact. The Helios SPA is subject to concurrent closing of the transactions contemplated by the Subscription Agreement, provided that the transactions contemplated by the Subscription Agreement are not conditional on the transactions contemplated by the Helios SPA.
The transactions contemplated by the Helios SPA constitute a "related party transaction" within the meaning of Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101") as Helios is a "related party" of AOC because it beneficially owns or controls more than 10% of the outstanding AOC Shares. The Company is relying on the exemptions from the formal valuation and minority approval requirements of MI 61-101 contained in subsections 5.5(a)(iv) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the transactions contemplated by the Helios SPA exceeds 25 percent of AOC's market capitalization. The AOC Shares to be issued to Helios will have a hold period in accordance with applicable Canadian securities law for a period of four (4) months and one day from their date of issuance.
PillarFour Securities LLP is acting as financial advisor and Pareto Securities is acting as strategic advisor to Africa Oil in connection with the transactions described herein.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
About Africa Oil Corp.
Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia, including the South Lokichar Basin (25% working interest in Blocks 10BB and 13T), where the Company and its Joint Venture Partners are undertaking activities aimed at sanctioning development. The Company is listed on the Toronto Stock Exchange and on Nasdaq Stockholm under the symbol "AOI".
About Impact Oil and Gas Limited
Impact Oil and Gas acquired its first asset, the Tugela South Exploration Right, offshore South Africa in 2011 and has subsequently expanded its asset base across the offshore margins of South and West Africa. It has since partnered with ExxonMobil and Statoil (South Africa), CNOOC (AGC - between Senegal and Guinea Bissau) and Total (Namibia and South Africa). It is currently seeking a partner in its Gabonese assets. The company's current portfolio covers a combined area of over 90,000 km² (gross).
Impact is a pure exploration company with a strategic focus on large scale, mid to deep water plays of sufficient size to be of interest to major companies. Its management is committed to further expanding this attractive portfolio of exploration assets and securing these large independent and major oil companies as partners. The company's objective is to build a world class portfolio, in a number of different geologic and geographic locations to minimise risk and with a large enough portfolio to ultimately enhance the chance of drilling success. Management believes that by doing so, and by having oil industry partners validate its exploration concepts and ideas, it aims to deliver substantial shareholder value in the medium to longer term. Impact is currently privately owned.
Additional Information
The information in this release is subject to the disclosure requirements of the Company under the EU Market Abuse Regulation and the Swedish Securities Market Act. This information was publicly communicated on February 7, 2018 at 3:00 a.m. Eastern Time.
Antwort auf Beitrag Nr.: 56.957.975 von motz1 am 07.02.18 09:45:23Der Conference Call ist nun durch. Gefühlt 80% der Zeit bzw. Fragen wurden auf Kenya verwendet. Es scheint als ob die Frage zu den nun mitgeteilten Reserven tatsächlich zentral für einige Beobachter war/ist, ggf. auch als Grund für vergangene Kursentwicklung herangezogen werden kann.
Nach meinem Verständnis, und das spiegelt auch der CC wider, ist es ohnehin noch recht früh um dahingehend belastbare Zahlen zu nennen. Aus den Äußerungen höre ich aber heraus, dass Tullow konservative Zahlen nennt und diese als Base-Case ansieht, der mit sehr hoher Wahrscheinlichkeit nicht unterschritten wird. Alles was dazu kommt nimmt man gerne, kann momentan aber kaum verlässlich beziffert werden. Als Anhaltspunkt wird Uganda genannt, wo sich die 2c-Werte nach Abschluss des Bohrprogramms und vor Aufnahme der Förderung noch nahezu verdoppelt haben.
Mir kommt es so vor, als ob es hier zudem auch sehr um Timing geht. Im Moment könnte TLW nicht viel gewinnen wenn es (beispielhaft) die doppelten Werte angeben würde. Und dass man vom jetzt genannten Wert noch zurückrudern müsste, das scheint äußerst unwahrscheinlich. Das Upside ist, wenn man sich den OiP-Wert ansieht ohnehin beachtlich.
Interessant war m.E. noch die Frage zum künftigen Anteil Tullows. Für mich klang es so, dass TLW, sobald sie den finanziellen Rahmen für das Gesamtprojekt (incl. Pipeline) belastbar einschätzen können, zu dieser Finanzierung ein Anteil veräussert wird. Etwa zu diesem Zeitpunkt erwarte ich dann auch neue 2c-Werte...
Nach meinem Verständnis, und das spiegelt auch der CC wider, ist es ohnehin noch recht früh um dahingehend belastbare Zahlen zu nennen. Aus den Äußerungen höre ich aber heraus, dass Tullow konservative Zahlen nennt und diese als Base-Case ansieht, der mit sehr hoher Wahrscheinlichkeit nicht unterschritten wird. Alles was dazu kommt nimmt man gerne, kann momentan aber kaum verlässlich beziffert werden. Als Anhaltspunkt wird Uganda genannt, wo sich die 2c-Werte nach Abschluss des Bohrprogramms und vor Aufnahme der Förderung noch nahezu verdoppelt haben.
Mir kommt es so vor, als ob es hier zudem auch sehr um Timing geht. Im Moment könnte TLW nicht viel gewinnen wenn es (beispielhaft) die doppelten Werte angeben würde. Und dass man vom jetzt genannten Wert noch zurückrudern müsste, das scheint äußerst unwahrscheinlich. Das Upside ist, wenn man sich den OiP-Wert ansieht ohnehin beachtlich.
Interessant war m.E. noch die Frage zum künftigen Anteil Tullows. Für mich klang es so, dass TLW, sobald sie den finanziellen Rahmen für das Gesamtprojekt (incl. Pipeline) belastbar einschätzen können, zu dieser Finanzierung ein Anteil veräussert wird. Etwa zu diesem Zeitpunkt erwarte ich dann auch neue 2c-Werte...
Antwort auf Beitrag Nr.: 56.891.501 von texas2 am 31.01.18 20:16:09@texas: einen RIESEN Dank für deine Posts!
Tullow hat die bisher genannten Zahlen im EOY-report bestätigt:
https://www.tullowoil.com/Media/docs/default-source/3_invest…
"[...]
Kenya
The South Lokichar basin appraisal programme has confirmed material oil resources to support substantial oil production and an export pipeline to the Kenyan coast pending a Final Investment Decision (FID) which is planned for 2019. The proposed development plan reflects the Partnership’s desire to sanction the project in a manner that is commercially robust, ensures the earliest possible FID and First Oil and supports the required infrastructure given the location of the South Lokichar basin some 750 km from the Kenyan coast.
Appraisal campaign and resource estimates A total of 21 appraisal wells have been drilled in the South Lokichar basin. Tullow has also conducted extended well tests, water injection tests, well interference tests and water-flood trials, all of which have proved invaluable for planning the development of
the oil fields. The appraisal campaign has firmed up the Group’s resource estimates and improved Tullow’s understanding of the subsurface at the key producing fields.
Following a full assessment of all the exploration and appraisal data, Tullow estimates that the South Lokichar basin contains the following recoverable resources: 240 – 560 – 1,230 mmbo (1C–2C–3C) from an overall discovered STOIIP of up to 4 billion barrels.
This estimate of recoverable resources is consistent with previous guidance provided during the exploration and appraisal phase (Pmean of 750 mmbo). The additional remaining conventional undrilled prospect inventory of the basin is approximately 230 mmbo risked mean recoverable, not including further potential in tight-oil plays in the future.
Development
Tullow and its Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields should be developed as the Foundation Stage of the South Lokichar development. This stage would include a 60,000 to 80,000 bopd Central Processing Facility (CPF) and an export pipeline to Lamu. This approach brings significant benefits as it enables an early FID of the Amosing and Ngamia fields taking full advantage of the current low-cost environment for both the field and infrastructure development and provides the best opportunity to deliver First Oil in a timeline that meets the Government of Kenya (GoK) expectations. The installed infrastructure from this initial phase can then be utilised for the optimisation of the remaining South Lokichar oil fields, allowing the incremental development of these fields to be completed at a lower unit cost post-First Oil.
The Foundation Stage is currently planned to involve an initial 210 wells through 18 well pads at Ngamia and 70 wells through seven well pads at Amosing. This stage will target volumes of around 210 mmbo of the total estimated 2C resources of 560 mmbo and a plateau rate of 60,000 to 80,000 bopd. The incremental development of the remaining 2C resources and the significant upside potential is expected to increase plateau production to 100,000 bopd or greater. It is anticipated that the FEED and baseline Environmental and Social Impact Assessments (ESIA) for the foundation development will commence in the second quarter of 2018, with FID targeted for 2019 and First Oil for 2021/22. Total gross capex associated with the Foundation Stage is expected to be $2.9 billion, of which $1.8 billion is investment in the upstream and $1.1 billion is for the pipeline.
Tullow and its Joint Venture Partners, following the extended election period, have re-engaged with representatives of the Government of Kenya on the overall approach and timelines for progressing the development.
Early Oil Pilot Scheme (EOPS)
The EOPS Agreement between the Joint Venture Partners and the Government of Kenya was signed on 14 March 2017 allowing all EOPS upstream contracts to be awarded. Initial injectivity testing has started at Ngamia-11 and oil production and water injection facilities are being constructed in the field ready to commence production/injection in the first quarter of 2018. Oil produced is being initially stored until all necessary consents and approvals are granted and work is completed for the transfer of
crude oil to Mombasa by road.
[...]"
---------------------------
Ich meine mich nicht an so detaillierte Angaben zu OIP und beabsichtigtem Produktionsstart (21/22, 60-80k bopd plateau aus Ngamia und Amosing) erinnern zu können.
Für Namibia wurde die PEL37-Bohrung im 2. HJ bestätigt, fingers crossed. Da warten manche erst etwa 8 Jahre drauf
Tullow hat die bisher genannten Zahlen im EOY-report bestätigt:
https://www.tullowoil.com/Media/docs/default-source/3_invest…
"[...]
Kenya
The South Lokichar basin appraisal programme has confirmed material oil resources to support substantial oil production and an export pipeline to the Kenyan coast pending a Final Investment Decision (FID) which is planned for 2019. The proposed development plan reflects the Partnership’s desire to sanction the project in a manner that is commercially robust, ensures the earliest possible FID and First Oil and supports the required infrastructure given the location of the South Lokichar basin some 750 km from the Kenyan coast.
Appraisal campaign and resource estimates A total of 21 appraisal wells have been drilled in the South Lokichar basin. Tullow has also conducted extended well tests, water injection tests, well interference tests and water-flood trials, all of which have proved invaluable for planning the development of
the oil fields. The appraisal campaign has firmed up the Group’s resource estimates and improved Tullow’s understanding of the subsurface at the key producing fields.
Following a full assessment of all the exploration and appraisal data, Tullow estimates that the South Lokichar basin contains the following recoverable resources: 240 – 560 – 1,230 mmbo (1C–2C–3C) from an overall discovered STOIIP of up to 4 billion barrels.
This estimate of recoverable resources is consistent with previous guidance provided during the exploration and appraisal phase (Pmean of 750 mmbo). The additional remaining conventional undrilled prospect inventory of the basin is approximately 230 mmbo risked mean recoverable, not including further potential in tight-oil plays in the future.
Development
Tullow and its Joint Venture Partners have proposed to the Government of Kenya that the Amosing and Ngamia fields should be developed as the Foundation Stage of the South Lokichar development. This stage would include a 60,000 to 80,000 bopd Central Processing Facility (CPF) and an export pipeline to Lamu. This approach brings significant benefits as it enables an early FID of the Amosing and Ngamia fields taking full advantage of the current low-cost environment for both the field and infrastructure development and provides the best opportunity to deliver First Oil in a timeline that meets the Government of Kenya (GoK) expectations. The installed infrastructure from this initial phase can then be utilised for the optimisation of the remaining South Lokichar oil fields, allowing the incremental development of these fields to be completed at a lower unit cost post-First Oil.
The Foundation Stage is currently planned to involve an initial 210 wells through 18 well pads at Ngamia and 70 wells through seven well pads at Amosing. This stage will target volumes of around 210 mmbo of the total estimated 2C resources of 560 mmbo and a plateau rate of 60,000 to 80,000 bopd. The incremental development of the remaining 2C resources and the significant upside potential is expected to increase plateau production to 100,000 bopd or greater. It is anticipated that the FEED and baseline Environmental and Social Impact Assessments (ESIA) for the foundation development will commence in the second quarter of 2018, with FID targeted for 2019 and First Oil for 2021/22. Total gross capex associated with the Foundation Stage is expected to be $2.9 billion, of which $1.8 billion is investment in the upstream and $1.1 billion is for the pipeline.
Tullow and its Joint Venture Partners, following the extended election period, have re-engaged with representatives of the Government of Kenya on the overall approach and timelines for progressing the development.
Early Oil Pilot Scheme (EOPS)
The EOPS Agreement between the Joint Venture Partners and the Government of Kenya was signed on 14 March 2017 allowing all EOPS upstream contracts to be awarded. Initial injectivity testing has started at Ngamia-11 and oil production and water injection facilities are being constructed in the field ready to commence production/injection in the first quarter of 2018. Oil produced is being initially stored until all necessary consents and approvals are granted and work is completed for the transfer of
crude oil to Mombasa by road.
[...]"
---------------------------
Ich meine mich nicht an so detaillierte Angaben zu OIP und beabsichtigtem Produktionsstart (21/22, 60-80k bopd plateau aus Ngamia und Amosing) erinnern zu können.
Für Namibia wurde die PEL37-Bohrung im 2. HJ bestätigt, fingers crossed. Da warten manche erst etwa 8 Jahre drauf
Antwort auf Beitrag Nr.: 56.358.129 von Ramses21 am 04.12.17 14:58:14Hier hätten wir jetzt einen Hinweis (keine Ahnung wie seriös, wobei Canaccord ok sein sollte) warum es bei AOI runtergeht obwohl sich der Ölpreis mehr als verdoppelt hat
Reports suggest Tullow Oil has less oil in Kenya than previously thought
31 January 2018, 10:33
Oil producer Tullow Oil (TLW), once a constituent of the FTSE 100, is set to announce its full year results on 7 February and there could be bad news for investors, if speculation proves correct.
Usually the full year results event each year is a more detailed rehash of January’s pre-close update but this time there is something more substantial for investors. Tullow is expected to announce a resource update on its Kenyan assets.
Canaccord Genuity analyst Charlie Sharp, who has cut his recommendation from ‘buy’ to ‘hold’ and price target from 250p to 220p, sees the risk of a negative surprise when the company updates on Kenya next week.
Sharp highlights press reports in Kenya which imply the figure could be lower than Tullow’s current estimated ‘mean’ discovered resources in the South Lokichar basin of 750m barrels of oil.
Sharp goes into a detailed discussion of the finer details of resource classification before concluding ‘given the recent press reports, we see potential for an updated Kenyan 2C/best case resource figure that is below Tullow's current 750 mmbbls (million barrels) mean estimate’.
If true, a waning recovery in the share price driven by higher oil prices and an improving balance sheet could be further derailed. The shares currently trade at 202p.
Tullow Oil TLW Share Price Shares Magazine
Reports suggest Tullow Oil has less oil in Kenya than previously thought
31 January 2018, 10:33
Oil producer Tullow Oil (TLW), once a constituent of the FTSE 100, is set to announce its full year results on 7 February and there could be bad news for investors, if speculation proves correct.
Usually the full year results event each year is a more detailed rehash of January’s pre-close update but this time there is something more substantial for investors. Tullow is expected to announce a resource update on its Kenyan assets.
Canaccord Genuity analyst Charlie Sharp, who has cut his recommendation from ‘buy’ to ‘hold’ and price target from 250p to 220p, sees the risk of a negative surprise when the company updates on Kenya next week.
Sharp highlights press reports in Kenya which imply the figure could be lower than Tullow’s current estimated ‘mean’ discovered resources in the South Lokichar basin of 750m barrels of oil.
Sharp goes into a detailed discussion of the finer details of resource classification before concluding ‘given the recent press reports, we see potential for an updated Kenyan 2C/best case resource figure that is below Tullow's current 750 mmbbls (million barrels) mean estimate’.
If true, a waning recovery in the share price driven by higher oil prices and an improving balance sheet could be further derailed. The shares currently trade at 202p.
Tullow Oil TLW Share Price Shares Magazine
Aktie wird jeden Tag günstiger.
Trading Spotlight
Antwort auf Beitrag Nr.: 56.188.434 von Ramses21 am 15.11.17 12:52:34http://www.africaoilcorp.com/i/pdf/AOI_Corporate_Presentatio…
Die Aktie kennst nur eine Richtung aktuell. Wo kann es noch hinfallen.
Antwort auf Beitrag Nr.: 55.718.385 von texas2 am 11.09.17 22:15:15http://www.businessdailyafrica.com/corporate/companies/Kenya…
Antwort auf Beitrag Nr.: 55.708.674 von freddy1989 am 10.09.17 18:33:08Wenn mit dem Bau des Port Lamu schon angefangen wurde (siehe Fotos 09/2017 AOI Präsentation) könnte man zumindest schlussfolgern, dass Kenia sowie das Tullow-Total-Africa Oil-Konsortium großes Interesse daran haben sollten, dass die Pipeline möglichst bald gebaut werden sollte. Bloß wenn die noch nicht wissen ob Öl aus dem S-Sudan, aus Uganda, und aus Äthiopien- Öl das noch nicht entdeckt wurde, dazukommen soll oder doch nicht, dann können die die Rohre noch nicht bestellt haben, weil man den Durchmesser noch nicht kennt, aufgrund der Durchsatzvolumina mit den vielen Fragezeichen. Frage mich wie die das planen ...
Hallo sie sehr ihr die extrem hohe Cash Reserve der Firma glaube 400 Millionen+ ???
Auf der Vancouver Recources Conference im letzten Jahr war die Firma zwar vertreten aber leider war niemand zu einen Interview bereit....
http://africaoilcorp.mwnewsroom.com/press-releases/africa-oi…
aktuelle Presentation
http://www.africaoilcorp.com/i/pdf/2017-09-05-CP.pdf
Auf der Vancouver Recources Conference im letzten Jahr war die Firma zwar vertreten aber leider war niemand zu einen Interview bereit....
http://africaoilcorp.mwnewsroom.com/press-releases/africa-oi…
aktuelle Presentation
http://www.africaoilcorp.com/i/pdf/2017-09-05-CP.pdf
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