Interview with Africa Oil COO at Oil Council Africa Assembly 2014 (June 24)

There is a fresh interview from today (June 24) with Africa Oil´s Chief Operating Officer Nick Walker who was present at the Oil Council Africa Assembly 2014.

Key points:

  • “The best is yet to come”
  • 20-25 wells to be drilled this year
  • Will evaluate funding options at the end of this year (then no PP with OMX listing)
  • Funded through half of 2015
  • 11 basins to be drilled (1-2 billion barrels of oil potential from each)
  • Lokichar alone will probably yield 1.6 to 3.5 Billion barrels of oil
  • Positive on political and security risk mitigation going forward (including contracts)
  • Kenyan government extremly bent on fast development
  • Focus is on maximizing shareholder value

Clip can be found here.

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