RE: Update ????Swing, I think Nigeria is still on planet earth at least according to the US DOE.
Nigeria had an estimated 37.2 billion barrels of proven oil reserves as of January 2010
Nigeria is ranked 4th in the list of countries the US imports from after Canada, Saudi and Mexico. Nigeria represents 10% of all US crude import.
"ProductionIn 2009, total oil production in
Nigeria was slightly over 2.2 million bbl/d, making it the largest oil producer in
Africa. Crude oil production averaged 1.8 million bbl/d for the year. Recent offshore oil developments combined with the restart of some shut-in onshore production have boosted crude production to an average of 2.03 million bbl/d for the first quarter of 2010.
Recent developments in the upstream sector include the start up of the Chevron-operated Agbami field in September 2008, which reached its estimated peak production of 250,000 bbl/d in 2009 as well as Eni’s startup of the Oyo field in 2009, producing approximately 25,000 bbl/d. Non-crude production was boosted in 2009 with Total’s Akpo condensate field that started up in 2009, adding about 180,000 bbl/d of liquids to total production. "
Total corporation is investing $18B in Nigeria
Several of us are talking to mart's management and most of us think that Mart will be a 2 or 3 times its present revenue by January and one more time by the end of Q1
The sun will rise in the morning and it will be bright.