According to the BD article, Marathon paid Africa oil $35 million for entry permit, Im just hoping BD is correct and your source is wrong. Coz if they paid $35 million to acquire their portion of the block, The Yanks will have screwed over the Canadians yet again!!! Hiyo ni pesa kidogo compared to the potential!! Na sasa hawa Africa oil, Tullow increased their stake in Block 12A na yao iko reduced!!!
Definition of operatorship: In the oil and gas industries, the right to operate a well, field or other oil source....hahaha hawa watu hawako serious, thats the only definition I'm getting. Lets just pray inamaanisha wanachafua mkono na tunasplit profits pamoja

Africa Oil Corp. (“Africa Oil” or the “Company”) is
pleased to announce that it has signed a definitive farmout agreement with Marathon Oil Corporation
(“Marathon Oil”) whereby Marathon Oil will acquire the rights to obtain an interest in two of Africa Oil’s
Kenyan exploration blocks.
Under the terms of the farmout agreement, Marathon Oil will acquire a 50% interest in Block 9 and a 15%
interest in Block 12A, both in Kenya. Africa Oil will maintain operatorship in Block 9, but Marathon Oil has
the right to assume operatorship if a commercial discovery is made. In addition, Africa Oil and Marathon
Oil have agreed to jointly pursue exploration activities on an additional exploration area in Ethiopia. The
above transactions are all subject to host country Government approvals.
The resulting interest in the Kenyan exploration blocks upon approvals and subsequent closing of the
Marathon Oil farmout agreement, together with the completion of a separate farmout transaction with
Tullow Oil plc (“Tullow”) (described below) will be as follows:
Block 9 (Kenya) Africa Oil 50% Marathon Oil 50%
Block 12A (Kenya) Africa Oil 20% Marathon Oil 15% Tullow 65%

Horn Petroleum reports
no traces of oil, shares
drop 44%
http://www.stockhouse.co...races-of-oil,-shares-dr

What is being bought?
Where is it being bought?
And at how much?

And most importantly, what do I stand to gain? And when?

So our oil is viable guys are just playing with our minds.

Industry watchers are predicting Ngamia will be the biggest oil discovery of the year – and Tullow has only just begun work there.

And earlier this month Lion Petroleum, which has ground-floor entry position in two key blocks in Kenya, finally sealed a deal to secure a public listing on the TSX and got away a C$11.5 million fund-raising. The company had battled for over 18 months to raise funding for frontier exploration in Kenya; post-Ngamia and it quickly secured a merger with TSX Venture-quoted Taipan Resources and raised C$11.5 million, ensuring the explorer is fully funded through its first phase work commitments.
The company has now changed its name to Taipan Resources and is keen to capitalise on its early-mover position in Kenya.

With all the acreage currently licensed the only way Big Oil can enter this play is through deal-making with existing players; Taipan’s 100 per cent owned Block 2B could prove a tempting entry point.