Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta

Releases displayed in Africa/Lagos time
29 Oct 2007

Atlas Petroleum & Partner eye sale of Niger Delta block

Prince Arthur Eze and Atlas Petroleum International Offer 2.2 Billion Barrels of Resource Potential in the Offshore Niger Delta(Full text of a statement. Contact details below.)

Houston and Lagos (ANTARA News/PRNewswire-AsiaNet) -

Atlas Petroleum International Ltd and partner Summit Oil and Gas Worldwide are evaluating the sale of up to 40 per cent of the working interest in Block OML 109, located just 12 miles offshore in the shallow waters of the Niger Delta.

"Following on the heels of our recent success with Noble Energy on Block I in Equatorial Guinea, we believe now is the time to explore opportunities with prospective new partners in this as yet under-explored block, OML 109," said Prince Arthur Eze, owner and chairman of Atlas Petroleum International Ltd.

Recently, a complete review of OML 109 was conducted and the results revealed an exploration potential of 2.2 billion barrels of oil in the under-explored block.

Encompassing 191,000 acres or 773 square kilometers, the OML 109 block has only been addressed with three exploration wells in its entire history, the first in 1966.

Extensive oil and gas infrastructure exists in and around the block including that of the Ejulebe Field currently producing 1,300 barrels of oil a day with remaining 2P reserves of 6.4 million barrels. OML 109 is adjacent to Chevron's Sonam discovery and near such noteworthy fields as Okan and Mefa.

Prince Eze and Summit Oil and Gas Worldwide are working with Simco in London and Bunker Hill in Houston in discussions with investors.

Atlas Petroleum International Ltd is a privately owned, independent Nigerian oil company.

Launched more than 10 years ago by its owner and chairman, the Nigerian entrepreneur Prince Arthur Eze, the company has oil and gas interest throughout West Africa, including Equatorial Guinea, the Ivory Coast and Nigeria.

SOURCE: Atlas Petroleum International Ltd

CONTACT: Tricia Coghlan of Richards Carlberg,+1-713-9643606,

Tricia_coghlan@richardscarlberg.com, or

Mack Fowler of Bunker Hill Associates,+1-713-223-5730,

mmf@bunkerh.com,

both for Atlas Petroleum International Ltd.
Copyright © 2007 ANTARA

09:30

Prince Arthur Eze et Atlas Petroleum International offrent 2,2 milliards de barils de ressource potentielle offshore dans le delta du Niger


09:30

Prinz Arthur Eze und Atlas Petroleum International bieten 2,2 Milliarden Barrel Ressourcenpotenzial im Offshore-Niger-Delta an

14:00
Mahindra's Farm Equipment Sector To Accept Deming Prize Of The 2007 Japan Quality Medal

12:00
Environmental Protection is Profitable: Biotherm Technologie AG Dries Up Lakes of Oil and Turns Them Into Fuel

25 Oct 2007
11:06
Royal Dutch Shell plc: 3rd Quarter 2007 Results

22 Oct 2007
14:15
The 2007 Globalization Index: Hong Kong, Jordan, and Estonia Debut Among the Top 10 in Expanded Ranking of the World's Most Globalized Countries

Comments

butoijoh said…
I believe that is one of the so much important information for me. And i am satisfied reading your article. However want to observation on few basic issues, The web site style is perfect, the articles is in reality nice.
Buto@Perlengkapan Bayi
8:16 PM
Gerrardz said…
I enjoy reading through your article post, I wanted to write a little comment to support you and wish you a good continuation All the best for all your blogging efforts. Appreciate the recommendation! Let me try it out. Keep working ,great job!
Gerrardz@Jakarta Hotel
10:57 PM
EKENYERENGOZI Michael Chima said…
I appreciate all your comments and words of support.
Words are enough to make a positive difference in the world.

Thank you very much.

Sincerely,
Ekenyerengozi Michael Chima
Publisher/Editor
Nigerians Report
TALK OF THE TOWN
Nigerian Times
Kisses ‘n’ Roses
CEO, International Digital Post Network Limited
Founder, Eko International Film Festival,
Founder/CEO, Screen Outdoor Open Air Cinema
Tel: 234 706 637 9246
1:52 AM
Post a Comment

Popular posts from this blog

Addax Petroleum Announces Federal Government Approval of Nigeria Gas Utilisation Initiative

1 Aug 2008 14:21 Africa/Lagos Addax Petroleum Announces Federal Government Approval of Nigeria Gas Utilisation Initiative CALGARY, Canada, August 1/PRNewswire/ -- - International Consortium Formed for Investment in Gas Development - Including the Potential Monetization of OML137 Gas Addax Petroleum Corporation (TSX: AXC and LSE: AXC) ("Addax Petroleum" or the "Corporation"), together with its partners Chrome Oil Services Limited ("Chrome") and Korea Gas Corporation ("KOGAS"), announces today that it has received the approval from the Federal Government of Nigeria, for its proposed implementation of an integrated gas utilization project in Nigeria. Addax Petroleum has also entered into a heads of agreement with Chrome, a leading Nigerian oil and gas company, and KOGAS, South Korea's national gas company, forming an international consortium (the "Consortium") which, upon finalization of the necessary project development agreemen
Read more

Terrorist Attacks on America Before Osama Bin Laden Was Born : 1920 -2005.

Image
This is a record of all terrorist attacks in America and in countries with American interests and on American Embassies and citizens abroad. Osama bin Laden did not create the demons of terrorism. He is only one of the most diabolical and destructive of them all. The devil is the author of Terrorism in his capacity as the Son of Perdition and the father of chaos. It is very important to clarify these issues for the benefit of those who are ignorant and naive and have been jumping to erroneous conclusions. Terrorist Attacks (within the United States or against Americans abroad) 1920: septa. 16, New York City: TNT bomb planted in unattended horse-drawn wagon exploded on Wall Street opposite House of Morgan , killing 35 people and injuring hundreds more. Bolshevist or anarchist terrorists believed responsible, but crime never solved. 1975 Jan. 24, New York City: bomb set off in historic Fraunces Tavern killed 4 and injured more than 50 people. Puerto Rican nationalist group
Read more

Black Hole Caught Red-handed In A Stellar Homicide

Image
ABOUT THIS IMAGE: This computer-simulated image shows gas from a tidally shredded star falling into a black hole. Some of the gas also is being ejected at high speeds into space. Astronomers observed a flare in ultraviolet and optical light from the gas falling into the black hole and glowing helium from the stars's helium-rich gas expelled from the system. To see the computer simulation movie, visit: http://hubblesite.org/newscenter/archive/releases/2012/18/video/ Image Type: Scientific Visualization Credit: NASA, S. Gezari (The Johns Hopkins University), and J. Guillochon (University of California, Santa Cruz) 2 May 2012 18:14 Africa/Lagos Black Hole Caught Red-handed In A Stellar Homicide WASHINGTON, May 2, 2012 /PRNewswire-USNewswire/ -- Astronomers have gathered the most direct evidence yet of a supermassive black hole shredding a star that wandered too close. NASA's Galaxy Evolution Explorer, a space-based observatory, and the Pan-STARRS1 telescope on the summit of Haleak
Read more