Africa Oil President, CEO and Director Keith C. Hill

Africa Oil President, CEO and Director Keith C. Hill

Lundin Group oil junior, Africa Oil (TSXV:AOI) depended the hole of its Etuko-1 target to penetrate the Lower Lokhone formation and has hit 50m of potential net pay.  The company already hit 40m of net pay in the Auwerwer and Upper Lokhone reservoirs, so this increase in depth will be flow tested later this year and could prove to add significantly to this discovery. The company’s next hole began drilling last week and targets similar formations in the basin.  Lundin and his team have no shortage of targets in this onshore Kenyan basin with the Government of Kenya agreeing to allow AOI and its partners (Horn Petroleum and Tullow Oil) the opportunity to explore Blocks 13T and 10BB. The partners are working with the Government to create development plans for oil production via rail and truck until a pipeline is built.

Press release: Africa Oil Announces Additional Pay at Etuko-1 and an Update on Development Plans 

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