#jacka resources

[oilnewskenya]

2D seismic commences on the Odewayne & SL-10B/13 Blocks, Somaliland

2D seismic commences on the Odewayne & SL-10B/13 Blocks, Somaliland

Odewayne and SL-10B/13 Blocks operator Genel Energy has said that 2D seismic acquisition project commenced in March as part of a Somaliland government owned speculative 2D seismic acquisition project and in line with former announcements.

The joint venture partners on the block Genel Energy, Sterling Energy and Petrosoma will purchase the associated data from the government.

The government’s…

View On WordPress

[oilnewskenya]

Sterling Energy Revises Farmout Agreement For Odewayne Block, Somaliland

Sterling Energy Revises Farmout Agreement For Odewayne Block, Somaliland

Sterling Energy has announced that it has agreed with Petrosoma Limited to revised terms of the Farmout Agreement between Sterling Energy (East Africa) Limited (SEEAL) and Petrosoma dated October 2013. The revised terms will reduce the amounts due by SEEAL to Petrosoma and reduce SEEAL’s interest in Odewayne by 6%.

Pursuant to the Farmout Agreement, SEEAL purchased a 10% interest in the Odewayne…

View On WordPress

[oilnewskenya]

Jacka Resources Still Considering Withdrawal from Tanzania’s Ruhuhu Block

Jacka Resources Still Considering Withdrawal from Tanzania’s Ruhuhu Block

Ruhuhu Basin operator Jacka Resources has said it is considering the negotiated withdrawal of Tanzania’s Ruhuhu Block after an unsuccessful farm-out campaign it initiated in September 2014. This is the second time the company has considered a withdrawal from the license.

“The Company is also seeking a possible withdrawal from its involvement in Tanzania, where it has had no success in attracting…

View On WordPress

[oilnewskenya]

Jacka Resources Considers Relinquishment of Tanzania Ruhuhu Block

Jacka Resources Considers Relinquishment of Tanzania Ruhuhu Block

ASX listed Jacka Resources has said its management is exploring all options including relinquishment as farm-out campaign initiated in September 2014 and which has not seen much interest thus far.

Jacka which is currently planning seismic and airborne gravity surveys attributes this to a lack of risk appetite in current low oil price market

“Management exploring all options, including…

View On WordPress

[oilnewskenya]

Oil Potential in Tanzania’s Ruhuhu Block placed at 3.6 BOE

Oil Potential in Tanzania’s Ruhuhu Block placed at 3.6 BOE

Follow @oilnewskenya

Australian explorer Jacka Resources has said a prospective resource assessment at the Ruhuhu Block has set the highest estimate at 3.6 billion barrels of oil in both convectional and unconventional oil.

According to the resource assessment the 3.6BOE  include 263 million barrels of oil (MMBO) of conventional neogene oil and 20 Tcf unconventional gas + liquids potential…

View On WordPress

[oilnewskenya]

Jacka Resources initiates Tanzania’s Ruhuhu Block farm-out campaign

Jacka Resources initiates Tanzania’s Ruhuhu Block farm-out campaign

Follow @oilnewskenya

Jacka Resources has announced it has initiated a farm-out campaign after being approached by a number of parties interested in the license in its Ruhuhu Block.

This continues even as the comprehensive review of the license area’s prospectivity that was recently completed continues.

The comprehensive review the company says will be used to guide the future exploration program…

View On WordPress

[oilnewskenya]

Jacka Resources planning farm-out in Tanzania ahead of seismic in 2015

Jacka Resources planning farm-out in Tanzania ahead of seismic in 2015

Follow @oilnewskenya

Jacka Resources has announced that it will be farming out  its Ruhuhu block ahead of its planned seismic acquisition in the first half of 2015 according to the company’s latest corporate presentation.

The company is already carrying out early stage exploration on the block with a depth to basement map derived from an airborne magnetic survey showing a rift basin structure.

In…

View On WordPress

[oilnewskenya]

Jackal Resources executives to leave in Q4 2014

Jackal Resources executives to leave in Q4 2014

Follow @oilnewskenya

Jackal resources, a company with core focus is in North Africa, West African Transform Margin and East Africa rift basins has announced that the managing director and the chief financial officer have tendered their resignation effective in September and October respectively.

The chief financial officer Richard Aden’s resignation takes effect from 30th September same time as…

View On WordPress