GREY:SMBZF - Post by User
Post by
PapaFritzon Oct 18, 2013 3:13pm
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Post# 21828644
AOI drilling next door to SMB!!!
AOI drilling next door to SMB!!!On block 9, this is the closest prospect to SMB and TPN and is targetting the Anza basin which is the basin that flows down South towards blocks 2A & 2B!
AOI's last news release on Sept. 26/13 said the well BAHASI-1 is due to spud in a few days - that was more than 2 weeks ago. Plus this well is 50/50 with Marathon Oil the US GIANT! This is all very good for Simba, this close to closing the farm out in Kenya!!!
"The Bahasi-1 well in the Kenya Block 9 Bahasi prospect is expected to spud in the next few days and Africa Oil will operate this well on behalf of its 50% joint venture partner Marathon Kenya Limited B.V., a wholly-owned subsidiary of Marathon Oil Corporation (NYSE: MRO), utilizing the Great Wall drilling rig #190. The prospect is a large anticlinal feature in the Lower Cretaceous Anza rift and is on trend with the Paipai discovery made early this year in Kenya Block 10A. The pre-drill prospective resource best estimate of this prospect is 320 million barrels of recoverable oil (Gaffney, Cline & Associates July 31, 2013). Under the terms of the farmout agreement, Marathon Oil will pay for drilling this well."