Africa Oil releases update

Jul 14, 2014 Africa Oil Operations Update View News Release in PDF Format VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 14, 2014) - Africa Oil Corp. (TSX:AOI)(OMX:AOI) (“Africa Oil” or the “Company”) today announces that the Gardim-1 exploration well, drilled on the eastern flank of the Chew Bahir Basin in the South Omo licence, onshore Ethiopia, has reached […]
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Gardim-1 results this month?

According to an RBC analyst report Africa Oil is expected to present the results for the Gardim-1 well this month and the reserve update towards the end of the month. Price target has been slightly adjusted lower from CAD 13.58 to CAD 13.54. “This month we expect Africa Oil, and operator Tullow Oil, to announce the […]
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Tullows operational update on Shimela and the Ethiopian basins

Well update – Ethiopia Tullow Oil plc (Tullow) announces that the Shimela-1 well encountered water bearing reservoirs. Shimela-1 in the South Omo Block, onshore Ethiopia, was drilled to test a prospect in a north-western sub-basin of the vast Chew Bahir basin. The frontier wildcat well encountered lacustrine and volcanic rocks including almost 100 metres of net […]
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