Dam, looks like the ex Sierra Leone acreage previously held by...

Dam, looks like the ex Sierra Leone acreage previously held by EXR might be worth something after all.
Chunda time.

Pair set to open new African frontier
News services
UK-listed explorer Tullow Oil and US producer Anadarko Petroleum are set to announce they have established a new oil frontier stretching 1100 kilometres along the African coast.

The announcement, which could come today, is tied to discoveries at the Venus well Anadarko has been drilling off Sierra Leone, the Financial Times reported on its web site, citing people close to Anadarko.

Anadarko was not immediately available for comment.

Venus-B lies at the western edge of a geological system that includes large discoveries off Ghana's shores.

Anadarko and Tullow have made a bet on that coastline, snapping up rights cheaply to explore the area. The find would also benefit Woodside and Repsol, which each hold 25% of the Sierra Leone asset.

"If Venus comes in, they are into a grand slam," the newspaper quoted Peter Hitchens, analyst at Panmure Gordon, as saying.
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Wednesday, 16 September, 2009, 01:46 GMT | last updated: Wednesday, 16 September, 2009, 01:46 GMT