Wednesday, April 10, 2013

Ethiopia’s SouthWest Energy Releases CPR for Gambella and Jijiga Basins – Net Oil Potential - 1.56 Billion Barrels to 2.90 Billion Barrels

Ogaden Oil Ethiopia Southwest
SouthWest Energy announces Senergy Competent Persons Report results for Prospective Resources in Gambella and Jijiga Basins, Ethiopia — Best Estimates of 1.56 Billion and High of 2.9 Billion Net Undiscovered Play Assessed Prospective Resources.
SouthWest Energy (HK) Ltd is pleased to announce the results of the Competent Persons Report (CPR) prepared by independent consultant Senergy (GB) Limited (Senergy) for the company’s Gambella basin block(s) (extension of the high producing Melut basin in South Sudan) and blocks 9A, 9 and 13 in the Jijiga basin (subset of Ogaden basin in Ethiopia).

The Chairman and CEO of SouthWest Energy, Mr. Tewodros Ashenafi commented: “I am very pleased to announce the result of the CPR by Senergy, which I consider a significant step forward for our company and a strong validation of our work to date.
“The report confirms what we have always believed; our blocks have strong oil potential. Our work now turns to the next phase of exploration, to further refine the seismic data set and look towards our well programme, which we hope to commence later this year.”

The release of the CPR report was welcomed by, Mrs. Sinkinesh Ejigu, Minister of Mines for the Federal Democratic Republic of Ethiopia.
“I am pleased to note the release of this important report from Ethiopian oil and gas exploration company SouthWest Energy. I congratulate the company and wish it every success in this important next step in the quest to find onshore oil in our country.”


No comments:

Post a Comment