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Africa Oil increases resource estimates of Kenya oil fields


Published Sep 17, 2014
Africa Oil Corp.

Africa Oil Corp. says that an independent assessment of the Company's Contingent Resources in the South Lokichar Basin located in Blocks 10BB and 13T in Kenya has been completed by Gaffney, Cline & Associates ("Gaffney Cline" or "GCA").

Total 2C gross contingent resources increased 67% to 616 million barrels of oil and total 3C gross contingent resources increased 52% to 1.29 billion barrels of oil in the oil fields discovered to date in the South Lokichar basin. The Prospective Resource estimates outside of the field areas in the South Lokichar Basin have not been updated and it is planned to do a comprehensive update of all resources on all properties at year end.

Tags: Africa Oil Corp.




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