SOUTHERN CAMEROONS The former British Southern
Post# of 199
Posted On: 04/22/2014 10:25:16 AM
SOUTHERN CAMEROONS
The former British Southern Cameroons is currently occupied by the military forces of Republique du Cameroun (the former French Cameroun) which began its occupation of the country in violation of international law in 1961 and completed the takeover in 1972. Southern Cameroons also includes the disputed oil rich Bakassi region which includes liberated areas not under the control of Republique du Cameroun. Military actions have taken place this year (2013) at Buea and Bakassi wherein dozens of unarmed Southern Cameroonians resisting the military occupation were summarily executed by forces loyal to Republique du Cameroun.
Kilimanjaro Capital as a trusted stakeholder in the economic future of Southern Cameroons holds a 100% concession from the Government of Southern Cameroons (GoSC) in the future hydrocarbon and mineral development of this country and has begun negotiation regarding the timber and agricultural sectors. Toronto Stock Exchange Venture Exchange company, Forest Gate Energy, has also taken a junior stake from Kilimanjaro Capital in the development of future hydrocarbon resources in Southern Cameroons.
OIL
Kilimanjaro Capital's Southern Cameroonian concession includes commercial oil reserves located in the off-shore Rio Del Rey basin. Additional significant oil and gas reserves are believed to exist in Bakassi, Mamfe Basin and Mbem Valley. According to a Wood Mackenzie report of October 2011, Cameroon hosts liquid reserves of 0.21 billion barrels and has liquid production of 53,000 barrels per day. In 2003 Forbes Magazine reported Bakassi offshore blocks may contain some of the largest untapped oil reserves in Africa – 10 billion barrels. According to BBC News (August 2013) despite block assignments, energy exploration firms have steered clear of Bakassi due to the continuing unrest.
The former British Southern Cameroons is currently occupied by the military forces of Republique du Cameroun (the former French Cameroun) which began its occupation of the country in violation of international law in 1961 and completed the takeover in 1972. Southern Cameroons also includes the disputed oil rich Bakassi region which includes liberated areas not under the control of Republique du Cameroun. Military actions have taken place this year (2013) at Buea and Bakassi wherein dozens of unarmed Southern Cameroonians resisting the military occupation were summarily executed by forces loyal to Republique du Cameroun.
Kilimanjaro Capital as a trusted stakeholder in the economic future of Southern Cameroons holds a 100% concession from the Government of Southern Cameroons (GoSC) in the future hydrocarbon and mineral development of this country and has begun negotiation regarding the timber and agricultural sectors. Toronto Stock Exchange Venture Exchange company, Forest Gate Energy, has also taken a junior stake from Kilimanjaro Capital in the development of future hydrocarbon resources in Southern Cameroons.
OIL
Kilimanjaro Capital's Southern Cameroonian concession includes commercial oil reserves located in the off-shore Rio Del Rey basin. Additional significant oil and gas reserves are believed to exist in Bakassi, Mamfe Basin and Mbem Valley. According to a Wood Mackenzie report of October 2011, Cameroon hosts liquid reserves of 0.21 billion barrels and has liquid production of 53,000 barrels per day. In 2003 Forbes Magazine reported Bakassi offshore blocks may contain some of the largest untapped oil reserves in Africa – 10 billion barrels. According to BBC News (August 2013) despite block assignments, energy exploration firms have steered clear of Bakassi due to the continuing unrest.
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