Gulf Oil and Gas accountACCOUNT

Capital Hill Bid-Up to 300 Million Barrels

Source: www.gulfoilandgas.com 8/18/2005, Location: Africa

Capital Hill Gold may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing further information with respect to its participation in the 2005 Nigerian oil bid round.

Continue to watch this company! Mr. Enright said, "The final selection for the 2005 offshore oil Nigerian bid round will to be made August 26th, 2005, primarily based on the qualifications of our joint development partner, Oil Services Inc. Should our joint venture be selected, CHGI and Oil Services, Inc. expect to partner with a major multinational oil company to head up the exploitation of the concession. Our consortium has bid for three concession blocks. The three concessions contain up to 300 million barrels with 200 million barrels in proven reserves."

The concessions being offered are located offshore which is an area of particular interest to the multinational oil companies currently involved in Nigeria, which include Royal Dutch/Shell, Chevron Texaco and Exxon/Mobil. CHGI cannot predict with certainty the ultimate economic impact that an oil concession award will have until negotiations with a multinational.

Investors should continue to monitor the progress of Capital Hill Gold for further developments! Last week, the company issued a press release announcing that the federal government of Nigeria will on August 26 award licenses to about 47 oil block concessions under the 2005 bid round, that is expected to bring in new players into the nation's petroleum industry and also stimulate investments in the downstream sector.

Exploration News in Nigeria >>

Iraq >>  2/6/2020 - Genel Energy plc notes that DNO ASA, as operator of the Tawke PSC (Genel 25% working interest), has issued an update on licence activity: ...
Chile >>  2/4/2020 - GeoPark Limited, a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia...

Canada >>  1/30/2020 - TransGlobe Energy Corporation, announces a Canadian operations update and appointment of an investor relations advisor. All dollar values are expresse...
Egypt >>  1/28/2020 - Egypt has signed two deals with Exxon Mobil for oil and gas exploration in the Mediterranean, the petroleum ministry said. ...

United Arab Emirates >>  1/27/2020 - Eni announces a gas and condensate discovery in the Mahani exploration prospect located onshore in the Area B Concession of Sharjah (UAE), which was a...
South Africa >>  1/20/2020 - Africa Energy Corp., an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to provide an operational update on ...

Related Categories: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  Food Supplies  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Unskilled Labors  Utility Systems  Waste Disposal  Water Supply Services  Welding Products/Services 

Related Articles: Camp Building  Cleaning Equipment, Services  Communication  Corrosion Products/Services  Development  Exploration  General  Labor Services  Land & Leasing  Mine Clearance  Oil & Gas Companies  Production  Service Companies  Skilled Labors  Transportation, 4X4 Trucks  Utility Systems  Water Supply Services  Welding Products/Services 


Nigeria Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 |

More News

Related Links

AO BJ BW CD CG CI CM DZ EG ET GA GH GM GN GQ GW KE LR LY MA MG ML MR MZ NA NE NG RW SC SD SL SN SO ST SZ TD TN TZ UG ZA ZM
Gulf Oil and Gas
Copyright 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.