TAP OIL : • Ghana - In Ghana, mapping now shows multiple large prospects in both the post-rift Upper Cretaceous fan sands (the same play type as Jubilee) and in the pre-rift Lower Cretaceous rotated fault blocks (the same play type as the Espoir and Baobab oil fields). To date, ten leads and prospects have been mapped with unrisked prospective resources greater than 3 billion barrels. The high-reward, high-risk profile of this project dictates we manage the risk by farming out a portion of our equity.
RIA Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held