Africa Oil Corp (AOIFF)

[douginil]

Not good news.

Uganda chooses Tanzania over Kenya in oil route battle


By Alon Mwesigwa, The Observer Updated Tuesday, April 19th 2016 at 08:37 GMT +3

The oil pipeline route puzzle has been solved, with Uganda choosing to export her crude oil to the East African coast through Tanzania and not Kenya.

The report will be presented to the presidents of Tanzania, Uganda and Kenya when they meet tomorrow in Kampala. This development all, but ends Kenya’s fight to have the oil pipeline go through the Turkana area to Lamu port.


Read more at: http://www.standardmedia.co.ke/article/2000198712/uganda-finally-opts-for-oil-route-through-tanzania



Probably explains why this comment was on another board

Keith Hill not at AGM, he is in Kenya attending to business. Meeting run by Ian Gibb, CFO. They really like ETOM area. New resource estimate will be out very shortly. Will get more money from Maersk as resource is increased.