This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Africa Oil's Bogal-1 well spudded on Oct. 28, 2009 2009-11-09 07:46 ET - News Release Mr. Keith Hill reports AFRICA OIL ANNOUNCES SPUDDING OF BOGAL-1 WELL IN KENYA Africa Oil Corp.'s Bogal-1 oil exploration well on block 9 operated by CNOOC Ltd. in the Republic of Kenya spudded on Oct. 28, 2009. The well is expected to reach total depth of 5,500 metres within approximately six months. Block 9 covers an area of 27,778 square kilometres in the centre of the Anza basin. The Anza basin is a northwest-southeast-trending rift basin along trend with the prolific Mesozoic play of southern Sudan. The basin is over 580 kilometres long and 150 kilometres wide with a potential prospective area in excess of 50,000 square kilometres. The basin is filled in places with more than 6,000 metres of Mesozoic and Cenozoic sediments and locally by Plio-Pleistocene basalts. Bouger and residual gravity anomalies have highlighted several sub-basins separated by intrabasin highs. Historic wells drilled in the block have proven the existence of natural gas and possibly oil. The remainder is available to Stockwatch subscribers.
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