Africa Oil Corp (AOIFF)

[douginil]

My previous post about problems in Kenya was a downer, here is an upper. A major find would be just great, I am getting tired of dusters in Namibia & Mongolia.


South Africa could be days away from a massive new deepsea energy find

Business Insider SA Jan 29, 2019, 02:54 PM

- In the coming days, Total will announce the results of its deepwater drilling in the Brulpadda field, Reuters reported.
- Total had to abandon drilling in 2014 after the strong Agulhas stream wreaked havoc on its rig.
- This time, it had more success and industry sources are optimistic about what has been found.

Total had to stop drilling in the Brulpadda field in 2014 after mechanical problems on its rig. This was caused by a “chaotic combination of currents, waves and winds” in the Agulhas stream during the late winter of the year, according to Africa Oil and Gas report.

“The outlook for finding hydrocarbons (in the Brulpadda field) is extremely high. The question is whether it is gas or oil, and whether it is a good-quality reservoir,” Keith Hill, CEO of the Canadian firm Africa Oil Corp, which also holds a stake in the field, told Reuters. Hill says that Brulpadda could deliver 1.5 to 3 billion barrels – compared to initial forecasts of 500m barrels.


Read more at:
https://www.businessinsider.co.za/totals-brulpadda-find-in-south-africa-2019-1