RE: Great article on Good article. Thanks for posting!
fwiw, Toward the end I see they give a bit of a promotional boost to Taipan. 'Nothing wrong with that imho, but one should note a fact which seems to be rather quickly glossed over in the article, but it is mentioned. And that has to do with the two Kenyan exploration concessions that Taipan holds an interest in. Concession #1 when viewed on a property map at the Taipan company website is by far the larger of the two concession holdings, the other named 2B being somewhat smaller. While Taipan does hold a100 % working interest in #2B (the smaller) , they only have a 20% working interest in #1 (the larger) with the balance of #1 belonging to Afren. Just something to be aware of is all. Other companies in the same immediate area with Kenyan exploration concessions include Simba Energy with concession #2 , next to Taipan's 2B and Vanoil with concessions 3 &4 immediately to the South. All three of these companies are prospective and for the same exact reasons , or so I've been told. They may or may not be successful Time will tell.. A strike at PaiPai, I've been told, may benefit all three of these companies which are located in the same general rift basin,and may increase their prospectivity and attractiveness to other potential joint venture parnters who are presumably better financially equipped & who may want to farm in a % interest, in exchange for cash something I believe all three of these junior oils will require & burn through rather quickly once they start actually doing something.
Exploration in Kenya isn't cheap. I was told that an exploratiory well such as Ngamia which cost close to $40 million to drill & complete would if it were located in Alberta for instance only cost about $5 million due to available infrastructure, material availability, transport & close by competetively priced services etc. That's only what I was told by someone else who knows the business.
Exploration in Kenya isn't cheap I am told