Marathon Oil is looking for buyers in Kenya and Ethiopia… If a sale goes through it might help us evaluate AOI´s assets.

http://af.reuters.com/article/investingNews/idAFKBN0O106M20150516   (Credits to S2003)HOUSTON (Reuters) – Marathon Oil Corp is seeking bids for its interest in four onshore exploration blocks in East Africa as the oil and gas company focuses on drilling in U.S. shale formations, its advisor on the sale said on Friday.Marathon, like many other U.S. oil and gas companies, has in recent […]
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Marathon on Sala-1

From poster RionsRun: “Sala-2 did spud late July. These are excerpts from 2nd quarter. Marathon may look for another way outside development to monetize. If they monetize we probably will do the same and that will do wonders for the sp perhaps even more than a reserve report.  Market loves monetizing.” Lee Tillman – President […]
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Big oil consolidates African oil assets (Article covering takeovers and Africa Oil)

With recent dissapointment in the Shimela-1 drill it is easy to lose focus on the fact that a pipeline development as well as chinese infrastructure investments amounting to billions of dollars are already on the way with “only” Lokichar confirmed as of yet in Kenya. With that said we believe that Lokichar alone will bring […]
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Sala-1 well results are coming soon

Based on slide 23 from the following Marathon-pdf, the Sala-1 well should be complete very soon. One might speculate about the reasons for the Sala-1 well to seemingly be taking a longer time to drill compared to the Shimela-1 well. Drill problems? Complex geology? Side tracking? Extensive testing? One thing to keep in mind is […]
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