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seek the light

07/21/11 11:48 AM

#243807 RE: kobiashi2000 #243772

kobiashi....I agree CPC has business dealings with all Three of the big Chinese oil companies. They have a joint venture with CNOOC in drilling in the waters between China and Taiwan and had a jv in a Kenya block but both companies decided to pull out of that venture.

"In Block 9, Kenya, previous operator CNOOC and partner OPIC CHAD elected to relinquish their rights to
the block subsequent to the drilling of the Bogal gas discovery. The Company and partner Lion Energy
opted to continue into the First Additional Exploration Period which spans 3 years and carries a
commitment of one exploration well to be drilled to at least 1500 meters."
source http://www.africaoilcorp.com/i/pdf/2011Q1Report.pdf