Africa Oil Corp. report an oil discovery on the Ngamia-1 well on Block 10BB, Kenya. Tullow Oil plc is the operator with a 50% working interest and Africa Oil holds the remaining 50%.
The Ngamia-1 exploration well in Kenya has encountered over 20 metres of net oil pay. The well, located in the Lokichar Basin of Kenya Block 10BB, was drilled to an intermediate depth of 1,041 metres and has been successfully logged and sampled. Moveable oil with API gravity in excess of 30 degrees, with similar properties to the light waxy crude discovered in Uganda, has been recovered to surface. The reservoirs in this section are composed of good quality Tertiary age sandstones. The Lokichar Basin, where the Ngamia discovery has been made, is one of seven basins mapped in Africa Oil's acreage and is similar in size to the 9,000 square kilometre Lake Albert Rift basin in Uganda.