Kilimanjaro's 100% Interest in Onshore Cabinda Estimated

New Post Public Reply Private Reply Replies (0) Message Board
Jerseyfish

Kilimanjaro's 100% Interest in Onshore Cabinda Estimated to Contain 2 Billion Barrels of Oil: African Union Expected to Ratify Decision Soon

Kilimanjaro Concession Could Be Worth Billions of Dollars

Marketwired

BELIZE CITY, BELIZE--(Marketwired - Mar 27, 2014) - The directors and management of Kilimanjaro Capital (GXG:KCAP)( KIMJF ) ("Kilimanjaro" or "the Company") are pleased to provide an update on the Company's interest in Cabinda where Kilimanjaro Capital currently has nearly a 100% concessionaire interest in the country's future onshore oil production obtained from the Front for the Liberation of the State of Cabinda (FLEC). Experts predict that Cabinda's recoverable onshore hydrocarbons exceed 2 billion barrels.

Future control of the Cabinda onshore blocks has involved litigation initiated by FLEC against Angola at the African Union, African Commission for Human Peoples Rights (Banjul Commission) filed in 2006. FLEC/ANGOLA ACHPR Case No. 328/06. In 2012 the African Union took full jurisdiction over the matter and received arguments from each side. This was the first time the African Union has accepted jurisdiction in a case involving an unrecognized state.

According to high ranking FLEC sources, the African Commission for Human Peoples Rights has finally reached a decision on the merits. The decision is now awaiting the Assembly of Heads of State and Government of the African Union to ratify it within the next 90 days. The AU Assembly of the Heads of State and Government consists of the 54 heads of state and government of the member countries.

The Cabinda onshore blocks abutt the offshore Chevron and Total operations which are considered among the most productive properties in Africa. Due to the situation with FLEC little exploration has taken place onshore since the beginning of the 1975 Cabinda conflict. African Union involvement is viewed as a positive indicator that FLEC may soon resolve its dispute with Angola and that large scale oil exploration and production will commence with FLEC and Kilimanjaro's participation.

Kilimanjaro CEO Zulfikar Rashid is optimistic the final decision will be favorable to Cabinda and Kilimanjaro: "Dismissals are not sent to the African heads of state for ratification; something huge is brewing here after seven years of legal proceedings." Rashid also predicts that majors already long in the area like Chevron's Cabinda Gulf Oil Company (CABGOC) will be quick to snap up operating agreements: "Chevron and FLEC have had a working relationship in the past; the reason these onshore blocks have been untapped is because of the civil unrest."

Rashid's outlook for Kilimanjaro is likewise bullish: "This AU onshore decision could be bigger than even Cabinda's offshore blocks 0 and 14 which produce hundreds of thousands of barrels a day."

Kilimanjaro also has obtained the disputed rights to the three Cabinda offshore blocks.

Contact:
Kilimanjaro Capital Limited
35 New Road, P.O. Box 198
Belize City, Belize
+44 (0) 20 3239 1362
info@kcap.biz
www.kcap.biz

Kilimanjaro Capital Ltd (KIMJF) Stock Research Links

KIMJF Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Timur Turlov Leads FIDE with Chess and Digital Focus

Updated Category News Views 5

An Unpredicted Victory in Samarkand Well, color me surprised. Timur Turlov's made waves by clinching the role of FIDE President at the General Assembly in Samarkand. This one's quite the turn for the chess world—Kazakhstan’s own stepping up to run the whole show. This isn't just some ceremonial post either. Turlov, who's been pulling strings over at the Kazakhstan...

Continue Reading
CVS Health Under Fire: Fiduciary Duty Breach?

Updated Category News Views 2

CVS Under Regulatory Spotlight for Fiduciary Breaches You'd think by now companies would have their fiduciary ducks in a row. But here we are, with CVS Health Corporation (NYSE: CVS) catching heat from the legal eagles over at Halper Sadeh LLC. The knife’s out for some of the big wigs – apparently, there's chatter they might’ve slipped on their duty to play nice...

Continue Reading
Farm Aid 2026: A Resilient Tribute to Family Farmers

Updated Category News Views 4

Shining a Light on Essential Family Farmers Every year, thousands gather for Farm Aid to back the unsung heroes who put food on our plates. In 2026, the scene shifted to the amphitheater at Virginia Beach, where an epic lineup of music took stage not just to entertain but to underline a critical issue—family farmers are fighting for survival. These folks aren't merely...

Continue Reading
PACS Group Faces Legal Scrutiny: What to Watch

Updated Category News Views 4

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

Continue Reading
Krispy Kreme Faces Legal Probe: Fiduciary Breach?

Updated Category News Views 3

Diving Deep into the Krispy Kreme Allegations Look, this isn't your run-of-the-mill donut drama. When you hear rumblings of corporate missteps, especially ones that involve potential breaches of fiduciary duties, it's time to perk up those ears. Over at Krispy Kreme, Inc. (NASDAQ:DNUT), there's some heat in the kitchen, and it's not just from frying those glazed beauties....

Continue Reading
Quay Sunglasses: Luxury Looks, Affordable Prices

Updated Category News Views 3

Ah, sunglasses—the quintessential accessory that screams both practicality and style. A million-dollar look without the million-dollar expense? That's where Quay comes in. They've been recognized by Expert Consumers, no less, as some of the best-in-class for affordable luxury eye candy out there—aimed at shoppers who want the designer vibe without the hemorrhaging...

Continue Reading
Cut Winter Heating Costs with Townsend's Rebate Help

Updated Category News Views 6

Unseen Perils of Winter Heating in Massachusetts Massachusetts homeowners, listen up. If your heating system is older than the Model T, it's time to rethink your winter strategy. You don't want to be stuck in the cold when the thermometer hits single digits, do you? That's where Townsend comes in, making waves with their rebate assistance program. Navigating the Rebate...

Continue Reading
China Southern Airlines Marks 70th Anniversary in NYC

Updated Category News Views 4

Taking Flight with Legacy and Tradition Throwing a bash on Times Square isn't just about flash; it's about letting folks know you mean business. And China Southern Airlines has been doing just that for 70 years. Imagine starting from Guangzhou and ending up splashed across New York City's giant LED screens—talk about a journey! From Humble Roots to Global Network...

Continue Reading
Geron Corp Faces Fiduciary Duty Investigation

Updated Category News Views 9

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

Continue Reading
AI and Storytelling Make Waves in Science Education

Updated Category News Views 5

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

Continue Reading

Top 5 Most Recently Viewed Articles

Streetleaf Champions Sustainable Solutions with Shine On Initiative

Updated Category News Views 182

Streetleaf's Initiative to Build Resilient Communities Streetleaf, a frontrunner in solar-powered infrastructure, is excited to announce the commencement of its Shine On Florida initiative. This effort is aimed at enhancing the resilience of Florida's communities amidst the increasing threats posed by climate change and hurricanes. Shine On Florida is an invitation for...

Continue Reading
Upcoming Economic Events: Understanding Market Influences

Updated Category News Views 285

Understanding Key Economic Events That Shape Markets The financial markets are driven by a dynamic interplay of economic events, central bank policies, and investor sentiment. Recently, the economic landscape has been particularly influenced by tariff discussions, labor market reports, and central bank decisions, which have significant implications for currencies like the...

Continue Reading
Eshbal Functional Foods Releases New Consolidated Financials

Updated Category News Views 93

Eshbal Functional Foods Releases New Consolidated Financials TSXV: ESBL In recent updates, Eshbal Functional Food Inc. (TSXV: ESBL) reported its inaugural consolidated financial results following a successful reverse takeover (RTO). The company specializes in creating gluten-free and health-centric food products, now marking a significant milestone in its corporate...

Continue Reading
OpenAI's Remarkable Growth Marks a New Era in AI Ventures

Updated Category News Views 196

OpenAI Achieves 500 Billion Valuation OpenAI has hit a remarkable valuation of $500 billion, positioning itself as the world’s largest startup and surpassing the previous benchmark set by Elon Musk’s SpaceX. This surge in valuation reflects the company’s significant advancements and widespread market influence. Impressive Share Sale In a significant financial...

Continue Reading
Icade's Stock Upgraded by Citi: What Investors Should Know

Updated Category News Views 84

Icade's Positive Outlook After Citi's Upgrade Icade has seen a notable rise in its stock value following an upgrade from Citi Research. This development offers fresh hope to both existing shareholders and potential investors. According to the latest updates, Icade's shares have jumped significantly, reflecting the market's optimistic response to this upgrade. Reasons...

Continue Reading