DAX-0,22 % EUR/USD-0,15 % Gold+0,90 % Öl (Brent)0,00 %

Vanoil Energy is preparing to drill in Q1 2013 in Kenya Blocks 3A and 3B


WKN: A0YGEA | Symbol: VNLEF
0,0050
C$
06.02.17
TSX Venture
-50,00 %
-0,0050 CAD

Beitrag schreiben

Begriffe und/oder Benutzer

 

About Vanoil Energy Ltd.

Based in Vancouver, Canada, Vanoil is an internationally diversified resource company that has a comprehensive portfolio of oil and gas assets in the African countries of Kenya and Rwanda. In Kenya, Blocks 3A and 3B were acquired in October 2007 through the signing of a Production Sharing Contract with the Government of the Republic of Kenya. Blocks 3A and 3B, which cover 24,912 square kilometers, are part of the vastly under-explored Cretaceous Central African Rift Basin System. The Company is preparing to drill in Q1 2013 its first exploration well on its Kenyan concession. Vanoil's is also the holder of 1,631 square kilometers of an oil and gas exclusive licence in the East Kivu Graben in Rwanda at the southern extension of the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighbouring Uganda.

Highlights:

•Non-binding heads of terms agreed for the Acquisition in a cash-free-debt-free share transaction
•If completed, will deliver a 10% interest in Kenya offshore block L9 with its partners Ophir and FAR Limited and a 25% interest in Seychelles Areas A and B with its partner Afren plc
•Supports Vanoil's vision of becoming an emerging leader in East African oil and gas exploration
•Brings geological and geopolitical diversification to the existing onshore Vanoil portfolio
•Increases, at completion, Vanoil's net recoverable mean unrisked prospective resources from 927 million boe to well over two billion boe
•Accelerates Vanoil's exploration program, with two 3D seismic surveys and at least four drilling events scheduled for 2013 alone

http://www.vanoil.ca
Antwort auf Beitrag Nr.: 43.961.891 von abionaut am 27.12.12 13:20:13Wenn ich das richtig sehe, dann haben die gerade einmal noch 'ne halbe Mio. $ Cash!?

Ich denke hier steht erst einmal eine KE an, d.h. eine Kursverwässerung 

Petri
Antwort auf Beitrag Nr.: 43.964.011 von 2meterwaller am 28.12.12 03:57:06Hi 2meterwaller,

ganz so einfach ist es natürlich nicht. Es stimmt, dass Vanoil lediglich "'ne halbe Mio. $ Cash hat". Dazu kommen jedoch noch 3 Mio. die bei der Kenyanischen Regierung als Sicherheitsleistung hinterlegt wurden, damit Vanoil seiner Verpflichtung nachkommt bis zum 30. April 2013 in den Blöccken 3A und 3B mindestens 3000 m tief gebort zu haben.
Insofern wird hier in den nächsten 4 Monaten in jeden Fall noch einiges passieren. Eine weitere Kapitalerhöhung ist natürlich nicht ausgeschlossen, da es zumal im letzten Geschäftsjahr davon schon 3 gab ;-) (s.u.).
Nichts desto trotz habe ich schon mal eine erste Position aufgebaut da ich am Ende dem Zug nicht hiterhergucken möchte.

Gruß abionaut

Auszug aus dem Jahrsabschlußbericht vom 30.09.2012

3. RESTRICTED CASH
The Company has $2,949,600 (US$3,000,000) of restricted cash as at September 30, 2012 (September 30, 2011 - $471,690 (US$450,000)). The restricted cash is restricted as security for a letter of credit issued to the Republic of Kenya, to guarantee the work program in Block 3A and 3B in Kenya (notes 4 and 10). The letter of credit expires at the completion of the initial exploration period provided Vanoil completes its obligations pursuant to the work program. At October 1, 2010, the Company had $3,603,101 (US$3,500,000) which was restricted as security for a letter of credit, to secure payment by the Company of certain obligations pursuant to a seismic program at Block 3A in Kenya (notes 4 and 10).

10. COMMITMENTS
The Block 3A Kenyan property is subject to a signed Production Sharing Contract (“PSC”), dated October 16, 2007, with the Republic of Kenya (12,192 sq. kms). The initial contract period of three years, commenced January 14, 2008. On July 12, 2012, the Company announced it had received an extension to its PSC from the Kenyan Ministry of Energy. This extension
extends the initial exploration period, which will now expire on April 30, 2013. The Block 3B Kenyan property is subject to a signed PSC, dated October 16, 2007, with the Republic of Kenya (12,489 sq. kms). The initial contract period of three years, commenced January 14, 2008. On July 12, 2012, the Company announced it had received an extension to its PSC from
the Kenyan Ministry of Energy. This extension extends the initial exploration period, which will now expire on April 30, 2013.
In addition to the work already completed by Vanoil, through ongoing negotiations with the Republic of Kenya, the Company is committed to the following amended expenditure requirements for Kenya Blocks 3A and 3B:
For the period from October 1, 2012 to April 30, 2013:

o Design and acquire a minimum of 100 sq kms of 3D seismic at a cost of US$5,000,000;

o Process, interpret, and integrate all 2D and 3D seismic data at a minimum cost of

US$250,000;

o Drill a well at a minimum vertical depth of 3,000m at a cost of US$6,000,000.


(i) Vanoil closed a non-brokered private placement that was announced on September 14, 2011, for gross proceeds of $2,270,000. This consisted of 4,540,000 units at a price of $0.50 per unit. Each unit is comprised of one common share and one half of a non-transferable warrant.
A whole warrant entitles the holder thereof to purchase an additional common share of Vanoil at a price of $0.75 until October 6, 2013. The warrant will be subject to accelerated expiry if at any time after the date that is four months and one day after the closing, the Company’s common shares trade on the Exchange at a price of $1.00 or more for the preceding
20 consecutive trading days. The Company paid $313 in finder fees on the private placement. The net proceeds received from the placement was $2,269,687. The value of the warrants was allocated to the contributed surplus reserve account (see note 6(c)).

(ii) Vanoil closed a second non-brokered private placement that was announced on December 23, 2011, issuing 4,755,582 common shares at a price of $0.43 per share for total gross proceeds of $2,044,900. The securities issued pursuant to the private placement are subject to a four month hold period. As part of the private placement, Vanoil paid finder fees totaling $60,200.

(iii) Vanoil closed a third non-brokered private placement that was originally announced on June 18, 2012, issuing 8,373,937 units at a price of $0.60 per unit for aggregate gross proceeds of $5,024,363. Each unit comprised one common share of the Company and one whole non-transferable share purchase warrant. Each warrant entitles the holder to purchase one
share at a price of $1.00 for a period of 24 months following closing. The warrants are subject to accelerated expiry if, at any time after the date that is four months and one day after the closing, the Company's shares trade on the Exchange at a price of $1.50 or more for the preceding 20 consecutive trading days. The Company paid $78,455 in finder fees on
the private placement and issued 130,108 finder warrants. Each finder warrant entitles the holder to purchase one share at a price of $0.60 for a period of 24 months following closing. The finder warrants are subject to accelerated expiry if, at any time after the date that is four months and one day after the closing, the Company's shares trade on the Exchange at a price of $1.50 or more for the preceding 20 consecutive trading days. The net proceeds received from the placement was $4,945,908. The value of the share purchase warrants and finder warrants was allocated to the contributed surplus reserve account

http://www.vanoil.ca/i/pdf/2012-Q4-FS.pdf
Schön, dass sich andere auch für Vanoil Energy interessieren. Dann brauch ich die Vanoil Energy News nimmer im Vanoil Resources Thread zu posten.

Wäre wirklich schön, wenn hier mal langsam Bewegung rein kommen würde. Bin schon länger dabei. Noch aus Zeiten, bevor Vanoil Energy sich von Vanoil Resources abgesplittet hat. Energy scheint jedenfalls aktuell besser zu laufen als das Mutterschiff Resources. Schau mer mal....
http://secure.campaigner.com/Campaigner/Public/t.show?Ysad--…

VANOIL CLOSES PRIVATE PLACEMENT
-------------------------------------------------------------------------------------------------------------------------------------------------------

December 31, 2012 - Vancouver, British Columbia - Vanoil Energy Ltd. ("Vanoil" or the "Company") has closed its non-brokered private placement (the “NB Offering”), announced on December 11 2012, issuing 7,450,549 units (the “NB Units”) of the Company at a price of $0.60 per NB Unit for total gross proceeds of $4,470,329. Each NB Unit consists of one common share of the Company (a “Share”) and one whole non-transferable share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Share at a price of $1.00 for a period of 24 months following closing. The Warrant will be subject to accelerated expiry if, at any time after the date that is four months and one day of the closing, the Company’s Shares trade on the TSX Venture Exchange (the “Exchange”) at a price of $1.50 or more for the preceding 20 consecutive trading days.

No finder fees were paid in connection with the private placement. The securities issued pursuant to the NB Offering will be subject to a four month hold period expiring May 1, 2013.

About Vanoil Energy Ltd.
Based in Vancouver, Canada, Vanoil is an internationally diversified resource company that has a portfolio of oil and gas assets in the African countries of Kenya and Rwanda. In Kenya, Blocks 3A and 3B were acquired in October 2007 through the signing of a Production Sharing Contract with the Government of the Republic of Kenya. Blocks 3A and 3B, which cover 24,912 square kilometers, potentially contain prospective resources in excess of 900 million boe, positioned between Tullow’s recent oil discovery and Apache’s offshore gas well. Vanoil's 1,631 square kilometers of oil and gas exclusive licence in the East Kivu Graben in Rwanda is at the southern extension of the Albertine Graben where Heritage and Tullow Oil made their historic discovery in neighbouring Uganda.

On behalf of the Board of

VANOIL ENERGY LTD.
“Aaron D’Este”
Aaron D’Este, President and CEO
Dann sollten sie ja jetzt genug $ in der Kasse haben um bis zum 30. April die Bohrungen durchgeführt zu haben ;-)
Es kam, was zu vermuten war: Verlängerung des Work Programs. Vanoil muss nun vor 31.07. mit der ersten Bohrung beginnen und kann bei beiden Bohrungen innerhalb beider Blöcke frei wählen wo diese stattfinden sollen.

Ein paar Monate hin oder her sollten kein Problem sein, M.E. braucht man ohnehin noch einen JV-Partner und ein PP. Und die Konditionen für ein Farmout sollten eher besser werden...

Alles imho, viel Erfolg ;)


Disclaimer: Ich halte keine Vanoils.

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

News Releases

January 25, 2013
Vanoil Receives Work Program Extension

January 25, 2013 - Vancouver, British Columbia -Vanoil Energy Ltd. ("Vanoil" or the "Company") is pleased to announce that the Kenyan Ministry of Energy has extended the deadlines within which Vanoil must satisfy the work program obligations defined in its Production Sharing Contract ("PSC").

Previously, Vanoil was obligated to finish drilling its first well by April 30, 2013. Now, under the terms of the latest extension, Vanoil must only commence drilling its first well before July 31, 2013 and, with sufficient technical justification, Vanoil may place its first two wells anywhere within the boundaries of Block 3A and 3B to satisfy the work program obligations within the Initial Exploration Period of its PSC.

Aaron D'Este, the Company's President and CEO stated; "We were very pleased to secure this key extension. Vanoil is the first company to complete 3D seismic onshore in Kenya and our exploration program is among the most robust ever completed in country. The time extension granted to Vanoil allows us to fully realise value from our 3D data and to drill our first two wells in rapid succession. The ability to place both wells anywhere within the boundaries of 3A and 3B also gives Vanoil the flexibility to target its most exciting prospects. We view 2013 as a transformational year for the Company and we now have the time and operational flexibility to extract maximum value from our assets."

http://www.vanoil.ca/s/NewsReleases.asp?ReportID=567653&_Typ…
Auf Seite 9 der Vanoil Praesentation wird deutlich, warum Africa Oils Bohrung in PaiPai in Block 10a (nahe der Grenze zu Block 9) auch fuer Vanoil bedeutend ist. Ein Erfolg untermauert die These einer durchgaengigen Formation von den sudanesischen Oelfeldern bis Kenia.

http://www.vanoil.ca/i/pdf/Corporate-Presentation-Oct2012.pd…
Auch die Ruanda-PSC-Verhandlungen wurden verlängert...

@bmann025: Sehe ich auch so, Cretaceous Rift.
....................

News Release
January 29, 2013

Vanoil Extends Technical Evaluation Agreement With Ministry of Natural Resources of Rwanda

January 29, 2013 - Vancouver, British Columbia -Vanoil Energy Ltd. ("Vanoil" or the "Company") is pleased to announce it has executed a two month extension to its Technical Evaluation Agreement with the Rwandan Ministry of Natural Resources. The agreement provides Vanoil with the exclusive right to negotiate a Production Sharing Contract ("PSC") covering approximately 1,631 square kilometres of the East Kivu Graben, located beneath Lake Kivu, Rwanda.
[...]

http://www.vanoil.ca/s/NewsReleases.asp?ReportID=568381&_Typ…
Verstehe allerdings nicht, wie Vanoil den Termin einhalten will, mit welchem Rig, welchem Geld und welchem Partner soll gebohrt werden ?


Beitrag zu dieser Diskussion schreiben