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AOIFF vs. ETF Alternatives
Wednesday, Oct 32012, 10:35 AMMarathon Oil (MRO -1.1%) says it will pay up to $50M to make its first move into Ethiopia, as an MRO subsidiary enters into a sale and purchase agreement with Agriterra Ltd. to purchase a 20% working interest in the South Omo concession. Tullow Oil is the operator with a 50% working interest, and Africa Oil holds the remaining 30%. |Wednesday, Oct 32012, 10:35 AM| Comment!
Wednesday, May 92012, 3:16 PMKenya must overcome many obstacles before it can maximize the benefits of joining Africa's oil boom. Oil companies like Tullow (TUWOY.PK) hope the country will remain politically stable enough for them to stay and recover exploration costs and make a profit, and the oil area is 800 km away from the Mombasa port with no rail, pipeline or proper roads. |Wednesday, May 92012, 3:16 PM| Comment!
Monday, May 72012, 3:56 PMAfrica Oil's (AOIFF.PK +36.7%) pink sheet shares skyrocket after Tullow Oil (TUWOY.PK +5.2%) says the Ngamia-1 well, Kenya’s first oil discovery, may be East Africa's largest oil find following drilling more than halfway to the planned target depth. Africa Oil is Tullow's partner in the site; Tullow is the U.K. explorer with the most licenses in Africa. |Monday, May 72012, 3:56 PM| 1 Comment
Monday, Mar 262012, 9:22 AM
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