GREY:ENGFF - Post by User
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Columbus1494on Dec 01, 2012 11:57am
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Recent statement by Jeff Greenblum in Africa Oil a
Recent statement by Jeff Greenblum in Africa Oil a https://platts.com/IM.Platts.Content%5Caboutplatts%5Cmediacenter%5Cpdf%5Cinsight12_africa.pdf
Canada’s Energulf is also looking to bring in a co-venture partner and accelerate the exploration efforts over block 1711 close to the maritime boundary with Angola with a mean estimate of 3.166 billion barrels of potentially recoverable oil. The company’s CEO Jeff Greenblum says the data room has attracted interest from various companies including majors. “We are looking to end up with an investor who is a large industry player,” he said.
Following the appointment of a new operator, a 3D seismic survey will be conducted over the Hartmann area in the southern portion of the block to determine the best drill targets scheduled for 2013.It is estimated that the next phase of the work program on the blocks, which includes more geological and geophysical evaluation, could cost $12-15 million. “We have a good shot at major discovery,” Greenblum said.