Yes we are moving faster than our counter part Better yet we should take the option of transporting via rail and road at least for domestic use..

Tullow has confirmed commercial viability of the deposits and have up scaled to 300 million barrels
Tullow

Africa Oil Announces Additional Pay at Etuko-1 and an Update on Development Plans

Jul 31, 2013 - 02:00 ET



VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 31, 2013) - Africa Oil Corp. (TSX VENTURE:AOI)(OMX:AOI) ("Africa Oil" or the "Company") is pleased to announce that the Company's major exploration success in Kenya continues with the Etuko-1 discovery on Block 10BB. The Etuko-1 has been deepened to penetrate Miocene-age sandstones of the Lower Lokhone formation and has encountered approximately 50 metres of potential net pay. This is in addition to the over 40 metres of net pay confirmed in the shallower Auwerwer and Upper Lokhone reservoirs previously announced.

Partner and Operator, Tullow Oil plc, reported today that following the success at Etuko-1, the Basin volumes are now expected to exceed the threshold for development studies to commence.

In May 2013, drilling commenced on the Etuko prospect, 14 km east of Twiga South-1. This is the first test of the Basin Flank Play in the eastern part of the Basin and results of drilling, wireline logs and samples of reservoir fluid confirm a new oil discovery with net pay of over 40 metres in the Auwerwer and Upper Lokhone targets. The well was then deepened into the Lower Lokhone sands and encountered approximately 50 metres of additional potential net pay that will be included in a program of flow testing later this year to determine their production potential. Although the Lower Lokhone sands are lower quality than the main objectives in the Auwerwer and Upper Lokhone formations, the partners successfully flowed oil from this interval in the Ngamia-1 well. Once operations at Etuko-1 are complete, the rig will move to the Agete prospect located 6 km north of the Twiga South discovery.

Ekales-1, the next exploration well in the Basin Bounding Fault Play and located between the Ngamia and Twiga-South discoveries, commenced drilling on 22 July 2013 and will target similar objectives. A 550 sq km 3D survey over the area, which will support an appraisal program, is also scheduled to commence in the third quarter of 2013.

Africa Oil's acreage includes several Tertiary-aged rift basins that have similar characteristics to the Lake Albert Rift Basin in Uganda. Over 90 leads and prospects have so far been identified across this acreage in Kenya following the acquisition of 55,000 sq km of FTG and more than 6,500 km of 2D seismic. Exploration drilling and testing activity in the region commenced in January 2012 with the drilling of the Ngamia-1 well followed by the Twiga South-1 well. Exploration and appraisal activities to date have significantly de-risked the remaining prospectivity in the Basin and underpin the belief that it and other basins within Africa Oil's acreage could have similar potential to the Lake Albert Rift Basin in Uganda.

The excellent results to date onshore Kenya are an important step towards understanding the overall Basin potential and its commerciality. Resources discovered to date are of a scale that the Partnership will initiate discussions with the Government of Kenya and other relevant stakeholders to consider development options. These discussions include consideration of a "start-up phase" oil production system with potential to deliver significant production rates with oil export via road or rail in advance of a full-scale pipeline development. To facilitate these development activities in parallel with exploration and appraisal, an "Area of Interest" (AOI), encompassing the Basin discoveries and further prospects in Blocks 13T and 10BB, was agreed with the Government of Kenya in February 2013. This agreement allows a multiple field approach to development of the resources while permitting the continued focus on exploration to increase the resource base while concurrently appraising discoveries.

Africa Oil Corp. is a Canadian oil and gas company with assets in Kenya and Ethiopia as well as Puntland (Somalia) through its 45% equity interest in Horn Petroleum Corporation. Africa Oil's East African holdings are in within a world-class exploration play fairway with a total gross land package in this prolific region in excess of 250,000 square kilometers. The East African Rift Basin system is one of the last of the great rift basins to be explored. Three new significant discoveries have been announced in the Lokichar basin in which the Company holds a 50% interest along with operator Tullow Oil plc. The Company is listed on the TSX Venture Exchange and on First North at NASDAQ OMX-Stockholm under the symbol "AOI".

ON BEHALF OF THE BOARD

Keith C. Hill, President and CEO

I thought u said Kenya has no oil...why dont u just keep off this oily matter all together? Sleep and believe me no one will get that second to wake you up.

Now this makes sense.
http://www.businessdaily.../-/lgn7ftz/-/index.html
As a state you do not just rely on the report of the exploring company, it is important to do independent audit. I will not need anyone to wake me up if independent audit confirms >2B Barrels.

Don't get the thrust of your posts. Are you hoping that we don't discover oil? just to prove a point? C'mon, we all make bad calls you don't have to take it so personally.

There are several things you dont understand, the 71B estimation runs from Ethiopia all the way down to Mozambique. This is what Seismic technology shows, however drilling has to take place to establish what is down there and if its recoverable. On your wisdom and contractor ha ha...what would be the advantage of over stating? There are calculations that take place all he needs to say is the net oil pay and the area of the block and thats it hesabu pap. Most contractors are bound to under state - like Tullow does, thats how they end up benefiting in some instances thats how resources are smuggled out of a country.

"Immediately, Tullow confirms the actual quantity of oil through appraisal drilling, a team of independent auditors are expected to review its activities to determine amount of crude to be allocated to cover its costs."

limanika, from the way it is written above, the audit is to determine the amount of money the explorers have spent so as to gauge how much of revenue will be allocated to them to recover their expenses. The audit is not to determine the amount of oil in the ground. That, I believe, remains the work of the explorers through appraisal drilling.

Read the whole article, it is about validating the estimates as well. ..to avoid a ‘Mathenge’ phenomenon. Don’t you think it would be great to carry out an audit which confirms we have so much reserve and can then plan to spend the proceeds in a focussed manner for maximum benefit?

GOK have stated they are proceeding with the audit so nothing much to discuss on this that's why I AM resting my case..

I read the whole article. Anyway, no need wasting time on this issue.

Drill Baby Drill!

If only you take time to read and understand what is written herein. Your beyond help, n i doubt if u need it anyway