3 East African Oil Companies to Consider
Oil – While most of the world’s “cheap easy” oil has already been discovered, East Africa remains largely unexplored and boasts high potential.
Articles Tagged "kenya"
Kenya Shiling Continues To Drop On 3rd Day On Dollar Demand From Oil Importers
Oil – Kenya’s shilling falls for a third day, the most extensive losing streak in a month, on heightened dollar demand from oil importers.
First Kenyan Offshore Gas Find Encouraging, but Not Commercial
Gas – Reuters reported that Kenya's first offshore gas discovery, found by Apache Corp. (NYSE:APA), which is operating on behalf of Britian's Tullow Oil plc (LSE:TLW) and Australia-based Pancontinental Oil & Gas NL (ASX:PCL), is not large enough for commercial production.
Simba Finishes First Phase of Field Work at Kenyan Concession
Gas – Simba Energy Inc. (TSXV:SMB,OTCQX:SMBZF) announced that it has finished the initial phase of field work at Block 2A, a concession located onshore in Kenya that has significant potential for oil and gas discoveries. A report and interpretation of the results are expected in the near future.
Africa Oil Spuds Twiga South-1 Well in Onshore Kenya, Updates on Paipai-1 Well
Oil – Africa Oil Corp. (TSXV:AOI) announced that it has spudded the Twiga South-1 exploration well at its Block 13T concession in onshore Kenya. Additionally, the company noted that its Paipai-1 well, also in onshore Kenya, is on schedule to spud next month.
Tullow CEO Says Kenya May Have Greater Oil Potential Than Uganda
Oil – Bloomberg reported that Aidan Heavey, CEO of Tullow Oil plc (LSE:TLW), believes Kenya may have more oil potential than Uganda, although as yet Kenya has no proven reserves.
Pacific Wildcat Reports Mrima Hill Vanadium Results
Vanadium – Pacific Wildcat Resources Corp. (TSXV:PAW) announced significant vanadium levels from Mrima Hill.
Pacific Wildcat Reports High Grade Rare Earth Results from Mrima Hill
Rare Earth – Pacific Wildcat Resources Corp. (TSXV:PAW) announced its latest rare earth intersection at Mrima Hill resulted in the highest grades to date.
Kenya and Japan to Survey for Oil
Oil – Reuters reported that the National Oil Corporation of Kenya and Japan Oil, Gas and Metals National Corporation have signed an agreement to evaluate Kenya's onshore petroleum reserves.
Pacific Wildcat Plans Drilling at Second Kenyan Rare Earth Site
Rare Earth – Reuters reported that Pacific Wildcat Resources (TSXV:PAW) said it will commence a drilling program at another high-potential Kenyan rare earth property.
