Reviewing data recently taken from rock samples off the coast of Pemba Island in Tanzania, British geologist Chris Matchette-Downes says East Africa has the potential to become what he termed the world's hottest oil exploration frontier in the next few years.
"I took samples from the Pemba oil seep and extracted samples from a number of wells in Tanzania and one well in Kenya," he said. "There are indications that [there] is an active petroleum system somewhere that hasn't been found yet. That leads me to think there is a massive soft rock system that runs all the way along the coastal strip of East Africa, probably into Somalia and maybe all the way up to Yemen. We now need to find the traps and hope the oil hasn't leaked out or has been lost in another way. But I'm convinced we will find significant finds."
That enormous optimism is shared among more than half-a-dozen oil companies currently surveying and drilling along East Africa's coast.
The Epoch Times May 2nd
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