Monday, April 21, 2014 11:11:13 AM
KIMJF SOMALIA
Somalia 51-101 Report
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Kilimanjaro Capital Ltd. obtained a 5% interest in the Amsas Coriole-Afgoye (ACA) Block,
which is owned by Australian based Amsas Consulting. The ACA Block is in the Coriole
Basin and the Block flowed oil at Coriole-1 in 1961 at around 700 barrels of oil.
The oil was paraffinic and light with an API of 44-47API.The Afgoyee-1 well flowed gas
and the enclosure had an estimate of 200BCF of gas of proven Reserves (1P). The total
recoverable reserves are estimated to be around 10TCF though more and proper reserve
estimates need to be conducted. Although the reserve estimates of the block were very
much criticized, the Good news is that all the above eight wells either flowed oil and
gas and some had strong shows. The Cariole basin is one of the most underexplored basins
in the world that has proven petroleum system presence.
Somalia 51-101 Report
Read More
Kilimanjaro Capital Ltd. obtained a 5% interest in the Amsas Coriole-Afgoye (ACA) Block,
which is owned by Australian based Amsas Consulting. The ACA Block is in the Coriole
Basin and the Block flowed oil at Coriole-1 in 1961 at around 700 barrels of oil.
The oil was paraffinic and light with an API of 44-47API.The Afgoyee-1 well flowed gas
and the enclosure had an estimate of 200BCF of gas of proven Reserves (1P). The total
recoverable reserves are estimated to be around 10TCF though more and proper reserve
estimates need to be conducted. Although the reserve estimates of the block were very
much criticized, the Good news is that all the above eight wells either flowed oil and
gas and some had strong shows. The Cariole basin is one of the most underexplored basins
in the world that has proven petroleum system presence.
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