Africa Oil Corp (AOIFF)

[douginil]

posted by: FH_Trader on another board
Date and time: 4/26/2016 11:49:30 AM


Keith C Hill said today in swedish media that the resource update will come later this week. Much additional appraisal work has to be factored in.


Regards FH_Trader


Tullow Oil plc is on the verge of testing a basin bounding structural closure in Kenya’s previously undrilled Kerio Valley Basin, after spudding the Cheptuket-1 exploration well in Block 12A at the end of last year. The company believes the prospect, which was labeled by Barclays Capital Inc. as having the “potential to open up a second prolific basin in Kenya”, lies in a similar structural setting to the successful 2012 Ngamia and 2014 Amosing discoveries in the South Lokichar Basin, which could hold over one billion barrels of oil equivalent, according to a Citigate Dewe Rogerson research note from March 9. - See more at: http://www.rigzone.com/news/oil_gas/a/143802/Kenya_Set_for_Busy_Year_in_Oil_Gas_Exploration#sthash.mcNYKOi3.dpuf