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Australian Oil Explorer Announces Liberia Discovery, Latest In West Africa

Dow Jones Newswire --
Australia-listed African Petroleum Corps. (AOQ.NW) has announced a "significant" oil discovery in Liberia, confirming investor hopes that West Africa's atlantic coast could possess a wealth of off-shore oil.

In an online statement, the exploration driller said it had located "good quality oil" in an 250 square kilometer undersea field, four times the size of Manhattan. The statement added that the finding suggested commercially viable oil throughout its two petroleum blocks, which cover 7,135 square kilometers off the coast of Liberia, still struggling to recover from a 14-year-civil war.

The announcement marks the latest hint of an oil boom in West Africa's Gulf of Guinea, where drillers have enjoyed a light, sweet grade of crude that North American refineries prefer.


Read the Full Article

Submitted Feb 22, 2012 By: RENEGADEGAS
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Australian Oil Explorer Announces Liberia Discovery, Latest In West Africa Back to Topics
REPLIES (newest first) Post a Reply
woodeye55
Champion Author Gary

Posts:10,785
Points:2,636,580
Joined:Mar 2006
Message Posted: Feb 22, 2012 7:41:12 PM

Viva, Liberia.
gd83goldwinger
Champion Author South Bend

Posts:2,584
Points:794,580
Joined:May 2011
Message Posted: Feb 22, 2012 7:40:17 PM

Ok.
Kaiyne
Champion Author Chicago

Posts:4,574
Points:1,076,720
Joined:Feb 2011
Message Posted: Feb 22, 2012 7:36:02 PM

Good for them!
cateyes8264
Champion Author Tennessee

Posts:3,332
Points:772,940
Joined:Jul 2011
Message Posted: Feb 22, 2012 7:33:40 PM

Hope Liberia gets some benefit from it, and use it for their people.
B_550i
All-Star Author Seattle

Posts:737
Points:502,450
Joined:Aug 2011
Message Posted: Feb 22, 2012 7:33:09 PM

K
cmsense
Champion Author Columbus

Posts:1,358
Points:165,345
Joined:Jan 2012
Message Posted: Feb 22, 2012 7:30:46 PM

Both political parties are bought and sold by BIG OIL, while Speculators are laughing their ass off all the way to the bank.
EmperorsFinest
Champion Author Chicago

Posts:1,799
Points:563,495
Joined:Jul 2011
Message Posted: Feb 22, 2012 7:29:25 PM

Good for them!
kymechanic
Champion Author Kentucky

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Points:1,151,120
Joined:Mar 2011
Message Posted: Feb 22, 2012 7:27:40 PM

It won't help the poor, the rich will just get richer!
FrankTA2
Champion Author New York

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Joined:Jun 2007
Message Posted: Feb 22, 2012 7:25:01 PM

Excellent!!!
gmcgas
Champion Author Atlanta

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Joined:Mar 2004
Message Posted: Feb 22, 2012 7:20:21 PM

fine.
sillywagon
Champion Author New York

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Joined:Oct 2008
Message Posted: Feb 22, 2012 7:20:07 PM

The more oil the better. But as many posters have stated, we economically need some limited commodity speculation reform.
ericbcire
Champion Author Nevada

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Joined:Aug 2009
Message Posted: Feb 22, 2012 7:20:03 PM

Speculators ignore this information.
tippybuddy
Champion Author Ontario

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Points:207,740
Joined:Feb 2011
Message Posted: Feb 22, 2012 7:16:27 PM

new oil and still the prices go up...come on let's get a break
hcivic
Champion Author Virginia

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Message Posted: Feb 22, 2012 7:14:56 PM

very good
The_DR
Champion Author New Jersey

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Message Posted: Feb 22, 2012 7:10:11 PM

Lets go down under
bevmill
Champion Author Georgia

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Message Posted: Feb 22, 2012 7:09:42 PM

ok
DrCashFlow
Champion Author Massachusetts

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Message Posted: Feb 22, 2012 7:08:58 PM

Hopefully, Liberia has a decent leader who won't plunder it's resource assets
katmandue
Champion Author Detroit

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Message Posted: Feb 22, 2012 7:07:04 PM

yad yad yad!
MadTraveler
Champion Author Idaho

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Message Posted: Feb 22, 2012 7:04:37 PM

Tired of all this - - - -
Bleeder
Champion Author Virginia

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Message Posted: Feb 22, 2012 7:03:27 PM

Africa is the new hot spot for oil. I hope it will help the people of Africa.
hoffbeck20
Veteran Author Minnesota

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Message Posted: Feb 22, 2012 7:02:27 PM

Significant finds will run out
Dsin44
Champion Author Abbotsford

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Message Posted: Feb 22, 2012 7:01:45 PM

gas 6 bucks a gal...
lowpet
All-Star Author Texas

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Joined:Dec 2008
Message Posted: Feb 22, 2012 6:59:53 PM

And prices still go up!?!?
Vitobug
Champion Author El Paso

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Message Posted: Feb 22, 2012 6:58:15 PM

interesting
LSU_TIGERS_dmb
Champion Author Louisiana

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Joined:May 2011
Message Posted: Feb 22, 2012 6:57:58 PM

We hve enough oil in USA just not a president that will drill. Doesn't want lower oil or make his tree buggers friends mad
IUVidiot
Champion Author Indiana

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Message Posted: Feb 22, 2012 6:56:59 PM

hmmmmm
vtroger
Veteran Author Vermont

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Message Posted: Feb 22, 2012 6:55:51 PM

wtf
Bagtag
Champion Author Georgia

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Message Posted: Feb 22, 2012 6:54:13 PM

Hey camaro_man, is that a you got, "wow?"
How about something original like "omg" or "wtf?"
blitzntj
Champion Author Jacksonville

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Message Posted: Feb 22, 2012 6:50:33 PM

Cool
Thomtec
Champion Author Nashville

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Message Posted: Feb 22, 2012 6:48:18 PM

There is plenty of oil but tightly controlled.
hank1326
Champion Author Los Angeles

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Message Posted: Feb 22, 2012 6:44:15 PM

Good news! More energy options the better.
camaro_man
Champion Author Kitchener-Waterloo

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Joined:Jun 2010
Message Posted: Feb 22, 2012 6:42:45 PM

wow
craigsfrank
Champion Author Arkansas

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Message Posted: Feb 22, 2012 6:38:50 PM

Here's another market so we don't have to worry about or support Iran oil.
575Racing
Sophomore Author Akron

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Joined:Jan 2011
Message Posted: Feb 22, 2012 6:35:46 PM

drill, drill, drill!!
raj_fl
Champion Author Trenton

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Message Posted: Feb 22, 2012 6:35:36 PM

lets stick it to opec and the speculators
raj_fl
Champion Author Trenton

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Message Posted: Feb 22, 2012 6:34:38 PM

drill baby drill
30mpg80
Champion Author Lexington

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Message Posted: Feb 22, 2012 6:32:26 PM

Drill it and pump it
heysailor
Champion Author Pittsburgh

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Message Posted: Feb 22, 2012 6:28:25 PM

Good news - don't foul the ocean. And conserve.
TDIdave
Champion Author California

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Message Posted: Feb 22, 2012 6:20:47 PM

hmmm.
JagXKR
Champion Author British Columbia

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Message Posted: Feb 22, 2012 6:18:45 PM

That's all that a pre-civilized nation needs, tons of money. Oil will not help people who's culture is centuries behind the rest of the world.
DustyHorse
Champion Author Virginia

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Message Posted: Feb 22, 2012 6:18:03 PM

I sure the speculators will simply ignore this information.
puckheadmn
Champion Author Twin Cities

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Message Posted: Feb 22, 2012 6:17:54 PM

Whatever.
kobes1
Champion Author Florida

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Message Posted: Feb 22, 2012 6:17:25 PM

yea yea yea
AKmailman
Champion Author Alaska

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Joined:Jul 2004
Message Posted: Feb 22, 2012 6:13:19 PM

that's a gold mine for them, cheap labor
and no EPA

[Edited by: AKmailman at 2/22/2012 9:13:51 PM EST]
walkingtall
Champion Author Toronto

Posts:7,108
Points:1,889,340
Joined:Nov 2004
Message Posted: Feb 22, 2012 6:12:35 PM

Australian oil explorer announces Liberia discovery,latest in West Africa.Don't get your hopes up,it's still in the ground.
naiiawah
Champion Author Boise

Posts:5,296
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Joined:Mar 2011
Message Posted: Feb 22, 2012 6:07:47 PM

When it is on the market driving down retail gas prices, then we'll care about it.
dollarwatcher
Champion Author Wisconsin

Posts:9,932
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Joined:Mar 2007
Message Posted: Feb 22, 2012 6:04:02 PM

Don't go getting all excited, it ain't out of the ground yet.
danreino
Champion Author Twin Cities

Posts:9,828
Points:1,838,480
Joined:Mar 2008
Message Posted: Feb 22, 2012 6:01:22 PM

Another one of those fraudulent Liberian money making scams ? LOL Why doesnt Australia drill their own oil and say to he99 with the Opeckers ?
mrbee
Champion Author Little Rock

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Points:3,248,805
Joined:Oct 2005
Message Posted: Feb 22, 2012 6:00:40 PM

Will it help?
Bubba44612
Champion Author Ohio

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Joined:Aug 2005
Message Posted: Feb 22, 2012 5:59:15 PM

And prices continue to rise.
jdc17327
Champion Author Pennsylvania

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Joined:May 2009
Message Posted: Feb 22, 2012 5:56:46 PM

okay
knot2swift
Champion Author Calgary

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Message Posted: Feb 22, 2012 5:56:42 PM

Great! Sounds like the next place to invade.

Where would that put Liberia on the "To Do" list?
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