KIMJF SOMALIA Somalia NI 51-101
Post# of 199
Posted On: 03/25/2014 10:29:02 AM
KIMJF
SOMALIA
Kilimanjaro Capital Ltd. obtained a 5% interest in the Amsas Coriole-Afgoye (ACA) Block, which is owned by Australian based Amsas Consulting. The ACA Block is in the Coriole Basin and the Block flowed oil at Coriole-1 in 1961 at around 700 barrels of oil. The oil was paraffinic and light with an API of 44-47API.The Afgoyee-1 well flowed gas and the enclosure had an estimate of 200BCF of gas of proven Reserves (1P). The total recoverable reserves are estimated to be around 10TCF though more and proper reserve estimates need to be conducted. Although the reserve estimates of the block were very much criticized, the Good news is that all the above eight wells either flowed oil and gas and some had strong shows. The Cariole basin is one of the most underexplored basins in the world that has proven petroleum system presence.
SOMALIA
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| Somalia NI 51-101 Report Read More |
Kilimanjaro Capital Ltd. obtained a 5% interest in the Amsas Coriole-Afgoye (ACA) Block, which is owned by Australian based Amsas Consulting. The ACA Block is in the Coriole Basin and the Block flowed oil at Coriole-1 in 1961 at around 700 barrels of oil. The oil was paraffinic and light with an API of 44-47API.The Afgoyee-1 well flowed gas and the enclosure had an estimate of 200BCF of gas of proven Reserves (1P). The total recoverable reserves are estimated to be around 10TCF though more and proper reserve estimates need to be conducted. Although the reserve estimates of the block were very much criticized, the Good news is that all the above eight wells either flowed oil and gas and some had strong shows. The Cariole basin is one of the most underexplored basins in the world that has proven petroleum system presence.
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