"Africa is entering the oil-hunt spotlight as drillers, flush with cash after crude’s recovery, are turning their attention back to the continent’s potentially vast resources.
The world’s biggest companies from
Exxon Mobil Corp. to
Royal Dutch Shell Plc and
BP Plc are setting up camp across Africa. Armed with stronger balance sheets and higher crude prices the industry is on track to double drilling in African waters this year. Rising natural gas demand is adding to the attraction."
"They are plenty of prospects and “any discovery will only spark further interest and excitement,” Wood Mackenzie’s Pollard said"
Tullow and Pancontinental are currently drilling a prospect offshore Namibia. This will be followed by Chariot drilling another offshore Namibia prospect immediately thereafter, with the same rig. (I own Pancontinental and Chariot in my basket of small oil and gas explorers.)
jmo
