Haliburton sees great potential in African Oil Shale

This stuff waters the mouth considering Tullow and Africa Oil has stated that they have found massive basin wide oil shale. “Ramin Lakani, regional general manager at US oilfield services giant Halliburton, sees plenty of potential for an unconventional oil boom in Africa.Lakani would like to take Halliburton’s expertise to Africa, where he admits “things […]
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East African Energy-Boom Investments Take Focus in Budgets

A fresh article (dated 11 June) is out regarding the increased focus of the East African nations on building infrastructure in light of the nations coming rise to being oil producing nations courtesy of poster S2003. Notice yet again the emphasis of oil and gas. If there is a gas hit in Sala-1 this kind […]
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Some oil business weekend reading

WHL Energy Receives Funding to support East Africa, Australia activitieshttp://oilnewskenya.com/2014/05/29/whl-energy-receives-funding-to-support-east-africa-australia-activities/Oil Exploration contributes Kshs 8.2b for Kenyan Economy, Creates 3000 jobs ¿ Tullow Oilhttp://oilnewskenya.com/2014/05/28/oil-exploration-contributes-kshs-8-2b-for-kenyan-economy-creates-3000-jobs-tullow-oil/Key features of the current Kenyan model of production sharing contracthttp://oilnewskenya.com/2014/05/28/key-features-of-the-current-kenyan-model-of-production-sharing-contract/Tullow Oil to drill another 35 wells in 24 months in East Africa http://oilnewskenya.com/2014/05/26/tullow-oil-to-drill-another-35-wells-in-24-months-in-east-africa/ Kenya: Simba Energy acquiring FTG survey over Block 2A – […]
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Recent experts takes on the “American oil shale revolution” and the dillusions of EIA

Many people has been saying for some time that official US oil shale projections coming from U.S. Energy Information Administration (EIA) have been widely missleading for a long time and some argue that it will reach it´s output peak as early as 2019. This development could lead to increased import demands form the US in the future, […]
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Latest News Roundup on Kenya and Africa Oil (with forum comments)

John Sisa, GlobalData’s Lead Analyst covering Upstream Oil & Gas in the Sub-Saharan region, states that international interest in Kenya’s oil and gas sector has intensified over the last 20 months, following Tullow Oil(Tullow) and Africa Oil Corporation’s announcement of the country’s first commercial oil discovery in block 10BB/13T within the South Lokichar Basin.  In […]
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UBS and Nordea reiterate their buy recommendations

Nordea´s target is 83SEK and UBS´s is 70SEK. You can find the information in Swedish below. Just use google translate. UBS: STOCKHOLM (Direkt) UBS anser att även om Africa Oils uppdatering förra veckan var blandad är uppsidan i aktien intakt.Det framgår av ett marknadsbrev på tisdagen.Utvärderingsborrningen av Twiga South 2 stödjer tidigare estimat från operatören […]
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Has Africa Oil and Tullow discovered a sleeping giant?

What has been gaining attention in the companies latest news releases is the ramped up focus on “unconventional oil”-reserves in regards to oil shale that can be added to production given the use of “fracking”. Since this is a more complex and expensive way of producing oil, the companies have up until now not focused […]
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Swedish bank and major shareholder Nordea about the Q1-report and a potential discovery in the Sala-1 well

Nordeas take: Possible discovery on Sala prospect Africa Oil provided an operational update yesterday. The disappointing result for the Ekunyuk-1 exploration well in Lokichar seemed to get investors’ attention, sending the share down 2.8%. We valued the prospect at SEK 1.6 per share pre-drilling, ie 1.5% of our NAV estimate. However, in our view, the […]
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