InvestorsHub Logo
Followers 134
Posts 3756
Boards Moderated 0
Alias Born 01/28/2006

Re: EZMONEY36 post# 215109

Tuesday, 05/25/2010 1:07:59 AM

Tuesday, May 25, 2010 1:07:59 AM

Post# of 362428
Prior to the Qatar partnership being announced, Total committed to investing 20 billion dollars in Nigeria. Seven billion was to be invested by Total and thirteen billion" from partners who remain unnamed" . The investment was to occur at Usan, a Niger delta field and "two more areas are being studied ".

http://oilprice.com/Geo-Politics/Africa/Reports-of-$20-billion-Total-investment-brighten-Nigerian-oil-outlook.html

Kingpindg posted today an article describing the same investment as being " deep off shore oil and gas".

http://www.businessdayonline.com/index.php?option=com_content&view=article&id=11299:total-to-invest-7b-on-off-shore-exploration-in-nigeria-&catid=1:latest-news&Itemid=18

Qatar petroleum and Total have signed a MOU to partner in West African oil and gas investments. Qatar is almost certainly one of the partners referred to above.

http://www.ordons.com/201004053859/qpi-and-total-sign-mou-for-oil-investments-in-africa.html

Creative cutting and pasting of the above articles reads as follows:

Total and its partner Qatar Petroleum announce a 20 billion dollar agreement to develop deep off shore oil and gas properties off the coast of Nigeria including two sites being studied.

Could the two sites being studied be JDZ blocks 1 and 2 ? Time will tell. Good luck,Farrell