Folks,
I am a Gambian, a patriotic one at that. If I had the means The Gambia would
be the most well-off country in the world, catering well for its citizens.
BUT if oil for the Gambia turns out to be similar to what oil is for
Nigeria, then I pray to God Almighty that economically large quantities are
not found at all. Our small Gambia would then be much better off without.
Dr. Jeng
----- Original Message -----
From: "Momodou Camara" <[log in to unmask]>
To: <[log in to unmask]>
Sent: 27 June, 2002 5:53 PM
Subject: Gambian oil prospects (4/5)
> Gambia on radar for Aker Geo
>
>
> 23.05.2001
>
>
> Norwegian seismic consultancy Aker Geo and Stavanger-based Upstream
> Management have completed initial energy studies for the government of
Gambia,
> including upstream and downstream sectors.
>
>
> The project team hopes to ready a broader sub-regional plan for
hydrocarbon
> development within a month, according to a senior executive source.
>
> Initial studies and seminars were funded by the World Bank but additional
> external finance will be required to support further activity. Ideas are
currently
> "being firmed up" while means are sought to push forward a plan for the
wider
> Senegambian territory.
>
> Senegal has several offshore blocks under licence but has yet to see
awarded a
> pending contract for 2000 kilometres of World Bank-funded seismic.
>
> Meanwhile, Gambia's deep-water tracts are under licence while the shallows
> remain free. Still unexplored by punters are the extensive adjacent
offshore tracts
> that are under the sovereign jurisdiction of Cape Verde.
>
> The only 2D seismic shot in Cape Verde was contracted by Shell in 1973
before
> the former Portuguese colony achieved independence. That focused on
southern
> waters and the area surrounding the eastern island of Maio located just
600
> kilometres off Dakar but was never followed up.
>
> Spurred by encouraging satellite imagery, "several Brazilian, Australian
and UK
> exploration companies have registered interest tracts close to mainland
Africa's
> continental shelf but nothing firm has yet emerged".
>
> --------------------------
> Results in line with company's forecast
>
> Fusion soaks up loss
>
>
> 03.04.2001
>
>
> Fusion Oil and Gas, the UK listed junior focused on west Africa, posted an
after-
> tax loss of £179,000 ($255,000) for the six months ending 31 December, a
figure
> the company says is in line with its forecast when it floated on London's
> Alternative Investment Market in September.
>
>
> The company, which is headed up by managing director Alan Stein, has no
> established production or reserves but it expects results from the first
deep-water
> well off Mauritania in 30-40 days.
>
> Being drilled by Scarabeo 7, the Chinguetti-1 wildcat in Woodside's block
B is
> thought to have spudded already. On completion of this well, the rig will
mobilise
> to drill the nearby Courbine-1 probe in the same block, an operation
expectd to
> take 40-60 days.
>
> Onshore Ghana, Fusion plans to spud an exploration well on the Tiboko
North
> prospect next month. Potential recoverable reserves are 50 million
barrels. The
> company is also in various stages of evaluating data from its acreage
offshore
> Gambia, Senegal/Guinea Bissau, Gabon and Cameroon.
>
>
> ------------------
> Fusion mixes its African cocktail
>
>
> 04.12.1999
>
>
> Aussie minnow adds appetising plays to bevy of offshore tracts
>
>
> PERTH-based Fusion Oil and Gas has signed three new petroleum licences --
> two in Gabon and one off Gambia -- after securing additional investment
funding
> from a major UK institution. The unlisted exploration company aims to go
public
> within 12 months, having also acquired exploration interests in
Mauritania, Liberia,
> Ghana and the Senegal/Guinea-Bissau joint zone. The Gabon production
sharing
> contracts are for the Iris Marin (P93) and Themis Marin (formerly Kouango)
blocks
> where Fusion landed a 38.57% operating interest alongside fellow Aussie
explorer
> Hardman Resources (12.86%), Sunburnt Downs Pastoral (25.71%), Horizon
> Energy (12.86%) and Millennium Oil Corporation (10%). Water depths reach
50
> metres and both permits cover a total of 2000 square kilometres. Iris lies
adjacent
> to Shell's Gamba field, which has produced some 200 million barrels to
date from
> Aptian Gamba sandstone that Fusion believes extends offshore. Earlier poor
> imaging deterred suitors, the partners said, and a fresh subsalt structure
map is
> now planned for the play, which Fusion exploration director Jonathan
Taylor
> believes to contain oil. Themis Marin lies north-west of the offshore
Lucinia field,
> which has produced in excess of 75 million barrels. The partners pointed
out that
> the Vaalco Energy-operated Etame Marine contract area just to the north
flowed
> 3500 barrels per day two years ago, indicating two petroleum systems and
two
> prolific source intervals with interesting exploration objectives . Both
the Iris and
> Themis ventures must conduct an active exploration programme, including
drilling
> at least three wells within nine years, and re-map the subsalt followed by
either
> additional 2D or 3D seismic. Fusion also signed a six-year production
licence with
> Gambia on a 5000 square-kilometre offshore plot extending to water depths
> beyond 2000 metres. At least two wells are committed and additional
seismic
> must be attained in the first two years. A trial line has just been shot
by Veritas,
> which begins a more extensive sweep next month. Gambia's unsung prospects
> stem from a satellite seep detection study commissioned from UK
consultants
> NPA, revealing an alignment of distinctive, repeatable anomalies in the
deep water
> . Fusion managing director Alan Stein said: The results of these studies
have
> revealed previously unrecognised deep-water exploration potential
(enabling)
> Fusion to embark upon a fast-track exploration programme that will
commence
> within weeks of signing the licence.
>
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