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ConocoPhillips Confirms Senegal Discovery

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Posted by admin 16 days ago (http://www.petroleumafrica.com)
ConocoPhillips confirmed that oil was found with the FAN-1 exploration well drilled off the coast of Senegal on the Sangomar Deep Block, with its partner and operator Cairn Energy. ConocoPhilllips did say however that further evaluation is required in order to determine commerciality. “The preliminary results at FAN-1 are encouraging,” said Larry Archibald, senior VP […]

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Cote d’Ivoire to Host Houston Roadshow

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Posted by admin 16 days ago (http://www.petroleumafrica.com)
There are a number of licensing rounds in process or set to be launched and one of those comes out of Cote d’Ivoire. The country will be offering up seven new ultra-deep water blocks. The roadshow for the licensing round will kick off in Houston on October 14 and Cote d’Ivoire’s government is targeting some […]

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Swala and Tullow Select Drill Target in Kenya

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Posted by admin 15 days ago (http://www.petroleumafrica.com)
Swala Energy and its partner on Block 12B onshore Kenya, Tullow Oil (operator), have identified a prospect to be drilled in H2 2015. The identification of the prospect follows the successful 2D seismic campaign on the block during Q2. The partners identified 10 structural leads, one of these being the Ahero ‘A’ lead. The Ahero […]

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Rockwell signs $7.2m BEE deal, mulls growth

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Posted by admin 15 days ago (http://www.miningmx.com)
Rockwell Diamonds replaced a lapsed empowerment deal and said it may yield asset growth whilst plans were also afoot to double the firm's mining rate.

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ContiCoal gets "offers" for SA mines

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Posted by admin 15 days ago (http://www.miningmx.com)
The fog hanging over the South African assets of Continental Coal may clear in the next few days in the wake of 'offers' for the mines.

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Mzi Khumalo's Metallon Gold on comeback trail

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Posted by admin 15 days ago (http://www.miningmx.com)
Metallon Gold, the company owned by Mzi Khumalo, is planning acquisitions and growth in Zimbabwe despite the difficulties in operating in the country.

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New CPR for OML 40

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Posted by admin 16 days ago (http://www.petroleumafrica.com)
Eland Oil & Gas has received a new competent persons report (CPR) for its Nigerian asset, OML 40. The CPR was conducted by Netherland Sewell & Associates (NSAI). The results of the CPR demonstrate a material increase in the value to Eland of the reserves and resources of OML 40 as of June 30 compared […]

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Sibanye turns focus to gold consolidation

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Posted by admin 16 days ago (http://www.miningmx.com)
Neal Froneman, Sibanye Gold CEO, said only regional consolidation among gold producers could make further significant in-roads to industry costs.

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