confirmation of angolan licenses From an American paper....Oil Online
CityView Corporation announces two onshore oil concessions: Angola
by: OilOnline
Tuesday, November 28, 2006
CityView Corporation Ltd. announces that a joint venture application has been agreed upon between Nexoil Corporation SARL and Petro African Energy plc’s subsidiary, Energy Africa Ltd. This joint venture secures two onshore oilfields in the middle of the Kwanza Basin on behalf of Energy Africa Ltd and CityView Corp.
The oilfields lie respectively adjacent to the north and south of the Kwanza River.
The Kwanza Basin shares the same oil rich structural history and sedimentation patterns, including salt tectonism and turbidite fan development. These structures are also prolific in other successful West African Basin oil projects, particularly the productive Lower Congo basin to the north.
Potential for a major oil discovery lays in the active rift sequence sediments underlying the Aptian salt. A recent billion barrel discovery has been made in an equivalent active rift sediments onshore at MBoundi in the neighbouring South Congo Basin.
Nexoil is a leading Angolan business house and will be responsible for the processing of the documentation from Sonangol, the State Oil Company of Angola.
The operator of the project “Quest Energy Middle East Limited” has the requisite qualified operator status. CityView holds 8.3% equity in Quest and Mr. Ansari is chairman of both CityView and Quest.
--------------------------------------------------------------------------------
- Forums
- ASX - By Stock
- CVI
- re: talk about absolute joke that you are not on b
re: talk about absolute joke that you are not on b, page-16
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVI (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online