Sala-2 om the way

Africa Oil, Marathon Oil initiate drilling of Sala-2 appraisal well  AUGUST 28, 2014 BY SAMUEL KAMAU MBOTE Africa Oil and its partner in block 9 Marathon have announced the start of drilling of the Sala-2 appraisal well following the discovery of gas in the Sala -1 well. The sala-2 appraisal well according to a statement from the partners […]
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Africa Oil partners up with US giant General Electric in Kenya

It was announced today that GE will be working with Africa Oil in bringing the Sala gas to production in 15 months. “AFRICA OIL “GASFYND KENYA I PRODUKTION INOM 15 MÅN” – MEDIA (Direkt) 2014-08-15 12:09 STOCKHOLM (Direkt) Oljeprospekteringsbolaget Africa Oil har börjat arbeta tillsammans med amerikanska General Electric för att utveckla det stora gasfynd […]
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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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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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Interview with Keith Hill of Africa Oil (July 3)

Keith Hill had another conversation with news agency Direkt that covered a lot of topics. Some of the more interesting snippets are summarized below: Regarding the Sala discovery: * “Oil is typically preferable over oil, but in this case I think gas can be very profitable” /Hill * Meeting government representatives in Nairobi next week […]
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A slew of new articles regarding East Africa and Sala-1

“The recent gas discoveries in the sala prospect were over 1Tcf according to the cabinet secretary for energy Davis chirchir.” http://oilnewskenya.com/2014/06/25/kenyas-block-9-gas-discovery-over-1tcf/East African countries advertise bid for lead consultant for crude oil pipelinehttp://oilnewskenya.com/2014/06/25/east-african-countries-advertise-bid-for-lead-consultant-for-crude-oil-pipeline/ East African countries initiate oil pipeline study..http://www.iol.co.za/business/international/east-african-countries-initiate-oil-pipeline-study-1.1709570#.U6vGyPl_t9UAfrica’s Natural Resources: Focus for Both Oil and Gas Sectors – See more at:http://www.rigzone.com/news/oil_gas/a/133688/Africas_Natural_Resources_Focus_for_Both_Oil_and_Gas_Sectors#sthash.zkyxgro4.dpufBritish Tullow exploration strikes […]
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So we got the first wave of news (2 hits and one OK flow)

There is not much to be said, we have continued to add value to the company… And the market as of yet continue to shrug it´s shoulders. Our gas findings were enough to warrant plans for future drills near Bogal (and ofc Sala-2) and that says something. They would not burn more money if this […]
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Soon half of June has passed…

… and still no update regarding any of the multiple catalysts that at last announcement from Africa Oil was due in June. Sala-1 continues to be a mystery. As one poster on the forums commented the drill that is currently(or done) drillingthe Sala-1 well has the capacity to contuct well testing. Today in Sweden we can […]
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