Africa Oil Corp. - World-Class East Africa Oil Exploration (Seite 97)

[vinumbonum]

Eine KE? Laut K.Hill ist man finanziert bis Q2 2015! Nur: Hoffentlich bahnt sich hier keine Katastrophe an?!? Deid Ihr noch da - motz1,gabbo62,texas2,sourcerocker,assegai und Ihr anderen Profis? Gibt es etwas zu wissen - die homepage gibt nichts her. Weiß jemand etwas bezüglich Zeitrahmen Kerio?
Danke im Voraus und gla!

[nicolani]

hier bahnt sich wohl eine KE an!

[niki550525]

Heute habe ich mal viel Zeit und da ist mir aufgefallen, das ich hier schon lange nichts mehr geschrieben habe.
Hier ist ja kaum noch was los. Genauso ist das Interesse in den Märkten.
Die Umsätze sind erheblich zurückgegangen. Ist aber auch kein Wunder nach den letzten Veröffentlichungen, gibt es kaum noch interesse an dem Wert.
Mein Austiegszeitpunkt war besonders gut gewählt, aber letztendlich besser als hier die Zeit abzusitzen und zu bangen ob dann doch noch eine gute Meldung kommt.Letztendlich bin ich hier trotzdem ich versucht habe einen richtigen Aus- und Einstiegspunkt zu finden, mit Verlust ausgestiegen.
Börse ist nicht leicht und wenn man dann auch noch darauf angewiesen ist, das hier Öl gefunden wird, dann ist es fast wie Lotto.
Man kann gut fahren, aber es kann auch in die Hose gehen. Letzteres ist eben die Normalität.
Gruß an alle übriggebliebenen
Niki

[gabbo62]

Und hier schon der erste PR-Bericht.

Africa Oil encounters no oil in Ethiopia’s Gardim-1 exploration well
—July 14, 2014 by Samuel Kamau Mbote


Africa Oil Corp. has announced that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres in basement, without encountering commercial oil.

The well intersected lacustrine and volcanic formations, similar to those found in the Shimela-1 well on the north-western flank of the basin. Minor intervals with thermogenic gas shows were intersected just above basement. The well will be plugged and abandoned and drilling operations will now be demobilised whilst these results are integrated into the regional basin model.

Meanwhile seismic interpretation continues on independent prospectivity elsewhere in the licence and the next phase of our Ethiopia exploration campaign will target these prospects.

Africa Oil President and CEO of Africa Oil Keith Hill says that the company is still commited to exploration in Ethiopia’s South Omo block and will be undertaking seismic programs this year in both the Rift Basin Area and Adigala blocks with drilling planned for next year.

“While we are disappointed that neither well in the Chew Bahir basin recovered oil, we are still committed to further exploration in Ethiopia including the South Omo Block. The presence of an active petroleum system has been confirmed in the Western portion of the South Omo Block in the Sabisa and Tutule wells and further analysis will be undertaken on the Shimela and Gardim wells to determine if further exploration is warranted,” Hill said.

http://oilnewskenya.com/2014/07/14/africa-oil-encounters-no-…

[gabbo62]

Und hier die NR zum Duster Gardim-1 veröffentlicht zu einer ungewöhnlichen Zeit.

July 14, 2014 05:47 ET

Africa Oil Operations Update

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 14, 2014) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) ("Africa Oil" or the "Company") today announces that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached a total depth of 2,468 metres in basement, without encountering commercial oil.

The well intersected lacustrine and volcanic formations, similar to those found in the Shimela-1 well on the north-western flank of the basin. Minor intervals with thermogenic gas shows were intersected just above basement. The well will be plugged and abandoned and drilling operations will now be demobilised whilst these results are integrated into the regional basin model.

Meanwhile seismic interpretation continues on independent prospectivity elsewhere in the licence and the next phase of our Ethiopia exploration campaign will target these prospects.

Keith Hill, President and CEO of Africa Oil, commented, "While we are disappointed that neither well in the Chew Bahir basin recovered oil, we are still committed to further exploration in Ethiopia including the South Omo Block. The presence of an active petroleum system has been confirmed in the Western portion of the South Omo Block in the Sabisa and Tutule wells and further analysis will be undertaken on the Shimela and Gardim wells to determine if further exploration is warranted. We are also undertaking seismic programs this year in both the Rift Basin Area and Adigala blocks with drilling planned for next year."

http://www.marketwired.com/press-release/africa-oil-operatio…

[gabbo62]

Das ist nicht die Nachricht, auf die wir gewartet haben. Die offizielle NR sollte nächste Woche folgen. Und wieder haben einige es früher gewusst. KH wird seine Klientelpolitik irgendwann sauer aufstoßen.

12 July 2014 Written by Kaleyesus Bekele
TULLOW OIL TO PACK UP AND LEAVE

Fourth exploration well in South Omo turns out dry

The British oil company that has been prospecting for oil in South Omo, Tullow Oil, recently drilled the fourth oil exploration well in South Omo named Gardim 1.


Reliable sources told The Reporter that the drilling crew of Tullow drilled Gardim 1 with Exalo 205 rig to a total depth of 1,900 meters and reached the bottom. Sources said the drilling crew conducted well-testing on Gardim 1 two weeks ago adding that the well turned out dry. “They did not find oil in the well,” sources told The Reporter.

Well-testing is conducted by sucking air out of an exploration well and creating a vacuum in the well. Due to the pressure difference in the well (the pressure in the well will be lower than the surrounding area) and if there is oil and gas accumulation in the area it will flow to the well. Petroleum geologists call the flow “oil or gas inflow”. If there is no oil and gas flow the well will be termed a dry well. Sadly, that is what happed at Gardim 1.

Previously Tullow drilled three wells in South Omo and Chew Bahir. The company noted some oil and gas show at the first well dubbed Sabisa1 drilled near Omorate town. Encouraged by the results of Sabisa 1 the company drilled the second well-Tultule 1 four km away from Sabisa 1. Tultule 1 was abandoned as a dry well.

The company then turned its face to Chew Bahir basin and drilled Shimela 1 well, which also turned out dry. Then the Exalo 250 rig was moved to Gardim 1 and supped the well in May. Sources told The Reporter Tullow spent more than 155 million dollars on the four exploration wells drilled in southern Ethiopia. The company spent 65 million dollars only on Sabisa 1 well, the most difficult well to drill. The drilling crew encountered well instability at Sabisa 1 and had difficulty to reach the targeted depth. Consequently, they were forced to stop drilling farther and started to drill horizontally.

Sources told The Reporter that executives of Tullow decided to suspend drilling operation in Ethiopia. “They will pull out their drilling crew out of Ethiopia. They will take out their core staff to other projects in other countries and lay off the rest of the staff in their Ethiopia office. They will only keep a skeleton office in Addis Ababa,” sources said.

Sources at Tullow Oil told The Reporter that executives of Tullow Oil last Friday called different contractors that have been contracted by Tullow for a meeting and thanked them for working with them so far.

After buying a 50 percent stake on the South Omo block from Africa Oil, a Canadian oil firm, in 2010 Tullow embarked on oil exploration work in South Omo. Tullow contracted a Chinese firm that specializes in doing seismic survey, BGP Geoservices. BGP has a rich experience in undertaking seismic surveys in different countries, including Kenya and Uganda. BGP collected encouraging seismic data from South Omo and Chew Bahir basins.

Petroleum experts of Tullow analyzed the seismic data and selected four drilling locations based on the data. Seismic survey is conducted by sending waves to underground by using vibrator machines or explosives. When the waves bounce back and reach the surface of the earth they will be collected by gadgets dubbed geophones. Seismic data is interpreted by geophysics. Seismic data helps to identify the underground structures.

Tullow has a successful exploration history in Ghana, Uganda and Kenya. The fact that Tullow discovered huge crude oil reserves in the Albert basin of Uganda, Turkana and Lokichar basins of Kenya raised the hope of industry experts for the discovery oil in Ethiopia. As the South Omo and Chew Bahir basins were adjacent to the oil prone Turkana basin, many thought that Tullow Oil will strike oil in South Omo.

Unfortunately, Tullow could not repeat its African success story in Ethiopia. After drilling four wild-cat wells in South Omo and Chew Bahir the company decided to suspend drilling operations in Ethiopia.

Sisay Zerihun, senior corporate affairs advisor with Tullow Oil said that the company will soon issue a press release. Sisay did not confirm or deny the news. However, he said Tullow will not go out. Communication directorate director with the Ministry of Mines, Bacha Fuji, said that he was unable to reply as he was on an extended meeting.

Petroleum experts say that oil exploration is a long process that takes a prolonged time. “Petroleum exploration is capital-intensive and risky. It is a tricky business,” an industry analyst said. The analyst went on to say that the fact that Tullow did not find oil in the four exploration wells does not mean that there is no oil in South Omo. “You need to drill more wells. But that relies on the decision of the management and financial resource of the company,” he said.

In a recent training workshop organized by the Ministry of Mines, Dr. Ketsela Tadesse, petroleum licensing and administration directorate director with the ministry of mines, said that in neighboring Kenya Tullow discovered oil after global oil giants like ExxonMobile, Amoco and British Petroleum pulled out of that country saying that there was no oil.

Tullow Oil owns a 50 percent stake in the South Omo block while the Vancouver-based company, Africa Oil, and Marathon Oil, the Texas based energy company, own 30 percent and 20 percent stake respectively. Originally, the South Omo block belonged to White Nile, a UK oil firm in which the South Sudan government has a stake. A couple of years ago White Nile changed its name to Agriterra Ltd.

http://www.thereporterethiopia.com/index.php/news-headlines/…

[Staberhuk]

Africa Intelligece n°726 - 08/07/2014
Crude to be exported via Lamu
Governments are going it alone for the moment on a project to export oil from Uganda and Kenya. They have issued a call for expressions of interest from consultants.
Consultants interested in conducting feasibility and engineering studies on building an oil pipeline to carry Uganda and Kenyan crude to the Indian Ocean have until July 25 to submit their bids.

The deadline was announced in a document from the governments of Kenya, Uganda and Rwanda that appeared on the web site of Kenya's energy and oil ministry at the end of June to outline conditions for would-be candidates.

The first surprise came with the document's headline which left no doubt about the route of the pipeline. The governments clearly indicated where it will run: from Hoima (Ugandan oil hub); to Lokichar (the area where Tullow Oil and Africa Oil have found petroleum); and to the port of Lamu on the coast.

That would strongly suggest Mombasa and Dar es Salaam have been ruled out as alternative outlets.

The consultant, who is to be chosen before Nov. 21, will have five months to deliver his findings. As a result, no specifics about the pipeline will be known before the end of the first half of next year and work won't begin until late 2015. Given that the facility will crosses rugged terrain and several countries it could take between 18 months and two years to build it, which means it won't be carrying oil before 2017.

Some companies which discovered oil in the region (Tullow Oil, Total and CNOOC) are complaining in private that they haven't been consulted by governments and fear they won't be involved in the decision-making process on the exact itinerary of the pipeline nor choice of consultant. To be sure, the entire project is being overseen by the three secretary-generals of their respective energy ministries, the powerful Ugandan aide Fred Kabagambe Kaliisa, Kenya's Joseph Njoroge and Rwandan Christian Rwankunda.

The document rather oddly includes Rwanda although it has no oil on its soil just as it excludes South Sudan which initially wanted to take part in the project in order to find an alternative to having its oil pass by way of Port Sudan. But the call for expressions of interest follows upon a memorandum of understanding signed on May 2 by the three governments to install a Hoima-Lokichar-Lamu pipeline. A step-up in terrorist attacks by Islamist forces in the region around Lamu apparently didn't prompt the Kenyan government to change its mind about the routing.

[Popeye82]

für Oilers nochmal generell vielleicht.
Die Bewertungsrechnung ist denke ich Schwachsinn, aber kann man sich mal durchlesen.

" TER: Why did you call Pan Orient Energy Corp.'s ($POE:CA) East Jabung farm-out one of the most significant milestones in the company's history?

CL: I've been waiting for this for the past few years. Pan Orient acquired East Jabung during the financial crisis. It has the potential of half a billion barrels of oil equivalent (0.5 Bboe). It's oil and gas. That could make it one of the largest onshore conventional oil discoveries in the world. It's one of the best Indonesian fields, if not the best.

The fiscal terms are very important. It's split 35/65 with the Indonesian government. Pan Orient and Pan Orient's potential partner will get 35%, and the government will get 65%. The majority of the fields in Indonesia split 15/85. That makes a huge difference. This discovery is very valuable.

A recent report estimates each barrel equivalent will be worth $20–40. If you just take the low end, at $20, and multiply that by the potential of this possibly huge discovery—again, 0.5 Bboe—then figure Pan Orient will try to farm out 50% for carried interest, you can calculate roughly $5 billion ($5B). Convert that to Canadian dollars and divide it by shares, and it comes to almost $100/share. The stock right now is only $2/share. You can see the potential of this development.

If the company can farm out the drilling in the next couple of months—it needs to build a road first, and then can start drilling at the first half of 2015, if not earlier—that will be one of the most anticipated wells in the junior space.

Pan Orient is investing in some other important catalysts in the near term. One is in Canada, the heavy oil. It should start first oil in August. The company also has a high-impact well in Thailand, waiting for a permit from the government. Once Pan Orient gets the permit, it can potentially drill the wells in Q3/14. In Indonesia, another company, Singapore-listed Ramba Energy Ltd. (R14:SGX), discovered sizable oil on the other side of the border with Pan Orient's property. Pan Orient needs to drill one well on its side of the border, and then the companies will redraw the boundary of the oil. The oil is already discovered. The other company has already filed the plan for development, for up to 50,000 barrels per day (50 Kbbl/d). It's a big oil field, and Pan Orient has the crest of the discovery. These catalysts are all going to happen before East Jabung.

In terms of the timeline, Pan Orient has many, very important, company-changing catalysts in the next 6–12 months. In the past few years, the company has had very bad luck drilling in Indonesia. Almost every one of the past five or six wells it drilled was dry. Expectations of the investment community have been very low. Some people even stated publicly that every well from now on would be a dry hole. That's why the stock price is a rock-bottom $2/share—because Pan Orient stock price is just above its current cash and its 2P reserve, which is worth about $2. The upside is not priced in by the market. That's why the next 6–12 months could be very exciting.

www.equities.com/editors-desk/stocks/energy/energy-stocks-wi… "

Gruß
P.

[Staberhuk]

Bitte denkt einerseits daran, dass wir ganz zu Anfang der ersten Explorationen von AOI unter 1 EURO waren. Andererseits sind die wirklich wahnsinnig guten Erfolge der weiteren Bohrungen meiner Meinung nach im jetzigen Kurs nicht zu finden. Hinzu kommen jetzt die ziemlich realistischen Aussagen der Kommerzialisierung. Also der Kurs müsste eindeutig höher liegen. Leider: Markt ist Markt.

[texas2]

Zitat von texas2: Danke in die Slowakai

Email from Sophia

For those interested:
Hi!
I haven’t checked those numbers but they will be available on Sedi.ca.
Everybody has been blacked out from exercising options or trading stock for several months and there have been some options that either expired during the blackout or coming up for expiration. Nowadays, when one exercises options one has to pay taxes to the government immediately – taxes are very high here in Canada and most people have to sell a bit of stock in order to pay for the taxes (then they have to pay tax on that too!). In the past most of the guys didn’t sell shares to pay taxes – they just issued cheques to the government out of savings – it gets quite hard to do that forever so they’ve had to sell some stock – it’s not a reflection of their feelings about the Company – in fact it’s maddening to them because they would prefer to accumulate as much stock as possible given the exciting potential for the Company.
Best regards,
Sophia

From: Robert GGG
[mailto:[e-mail]]
Sent: Tuesday, July 01, 2014 1:37 AM
To: Sophia Shane
Subject: Insider sell -off

Hi Sophia,
I’m an AOI investor.
Could you please comment insider sell off that occurred at the end of last week?
Jun 27/14 Phillips, James Common Shares -75,000 $7.33
Jun 27/14 Martinez, Paul Common Shares -49,800 $7.37
Jun 27/14 Gibbs, Ian Common Shares -150,600 $7.41
Jun 26/14 Hill, Keith Charles Common Shares -200,000 $7.25
Jun 25/14 Phillips, James Common Shares -75,000 $7.37

Should we fear?
Many thanks,
Best regards,
Robert GGG
Slovakia

Read more at http://www.stockhouse.com/companies/bullboard/v.aoi/africa-o…

africaoilblog

Africa Oil share took a late step up in Stockholm after remarks from Keith Hill
Posted on July 2, 2014 by admin Leave a comment
… Where Mr Hill talked with news agency Direkt and made clear that the recent insider sellings was done due to taxation issues as well as raising funds for stock options. Hill commented that all insiders have either the same amount of stock as before the selling or more, and added that he himself has a portfolio made up of 90% Africa Oil stock, and that he had no plans on selling in the near future.