Sunday, July 17, 2011 12:43:30 PM
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balance_builder Member Profile balance_builder
Share Saturday, September 26, 2009 8:06:57 AM
Re: None Post # of 243472
SPP...thanks for the piece of information. Sounding positive.
Here is what AREN stated yesterday (9-25-09) in their presentation as it relates to their 4.4% interest in block 1:
"Nigeria – São Tóme & Príncipe Joint Development Zone
The Block 1 participants (Afren 4.41%) have agreed to enter the next exploration period, and discussions with the authorities are progressing. One commitment well will be required during this phase. In 2006, Chevron made the Obo-1 discovery which contained 150 feet of net pay and proved a working oil and gas system in the JDZ. Post well studies have been completed and an attractive prospect inventory developed. In the neighbouring blocks a multi-well drilling campaign has commenced; a clearer understanding of the next steps to commerciality and future exploration will come once the results of these wells are made available publicly."
http://www.afren.com/ (see 0-25-09 interim results)
JDZ, the home of the worlds largest Elephant herds.
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