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GasBuddy News Article

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votes
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
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bonzoonfmb
Champion Author Florida

Posts:2,540
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Message Posted: Feb 26, 2012 7:29:21 PM

More supply to be held hostage.
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honda0105
Champion Author Tallahassee

Posts:23,002
Points:2,224,415
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Message Posted: Feb 26, 2012 7:22:14 AM

whole region if plagued by corruption. Gonna be just as much a problem it has been before.
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Anddy_viper888
Sophomore Author New York

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Message Posted: Feb 24, 2012 1:51:13 PM

good for them
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numbers
Champion Author North Dakota

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Message Posted: Feb 23, 2012 6:47:13 AM

Good
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tomok
Champion Author Portland

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Message Posted: Feb 23, 2012 2:07:37 AM

There is more oil in Liberia to be discovered.
There is more oil in the US and more oil in the world yet to be discovered. Get the oil out of the ground and to market.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using ‘other’ forms of transportation to help lower your cost.
The price of fuel at the pump is too high!
12/22/2012!
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tidalwave3
Champion Author Tallahassee

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Points:2,032,440
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Message Posted: Feb 23, 2012 1:38:15 AM

And just across the The Big Pond! No Straits of Hormuz or Suez Canal to worry about :)
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Dodge_Me
Champion Author Atlanta

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Message Posted: Feb 23, 2012 12:40:04 AM

wonder how long it will take to start producing
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LostToo
Champion Author Illinois

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Message Posted: Feb 22, 2012 11:52:06 PM

OHHHHH Now we got alot more oil to pump and refine. Wierd how we have access to more oil than anytime in history. But we have to pay through the nose to get it. It is high time the goverments went after the price gougers and shut them down. I don't care if that just leaves BP or Shell. It's time to fix a broken system and fix it now.
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granitestater
Champion Author New Hampshire

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Message Posted: Feb 22, 2012 11:31:39 PM

Not suprising. Angola (Cabinda) and Nigeria have great reserves of oil...
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tedjm1
Champion Author New York

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Message Posted: Feb 22, 2012 11:29:18 PM

Go get it so Liberia can take over & corrupt everything, like most other contries with plenty of oil.
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southrob
Champion Author Tucson

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Message Posted: Feb 22, 2012 11:25:31 PM

we discovered lots of oil here in america only our govt will not let us get it.
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heartbroken2010
Champion Author Ottawa

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Message Posted: Feb 22, 2012 11:23:27 PM

must be a slow day today , saw this yesterday .
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BooHooMI
Champion Author Michigan

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Message Posted: Feb 22, 2012 11:18:47 PM

Yahoo!
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jkpsr
Champion Author New Jersey

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Message Posted: Feb 22, 2012 11:17:58 PM

Any additional supplies will help.
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umitb
Champion Author Indianapolis

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Message Posted: Feb 22, 2012 11:14:17 PM

ok
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MidNJ
Champion Author New Jersey

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Message Posted: Feb 22, 2012 11:07:30 PM

Question,

We have heard the mantra, "Drill Baby Drill" since September 2008.

Question,

Is "Drill Baby Drill" really the answer?????

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CPGas1815
Champion Author Michigan

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Message Posted: Feb 22, 2012 11:05:01 PM

The supply of crude oil is not the problem. There are Trillions of Barrels of crude oil just waiting to be harvested and brought to market. Unfortunately the geo-political forces of greed and loathing are hell bent on addicting us to their products for which there are no other current practical alternatives.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 22, 2012 11:00:49 PM

interesting
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seenmany
Rookie Author Salt Lake City

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Message Posted: Feb 22, 2012 11:00:46 PM

Bring it on.
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MidNJ
Champion Author New Jersey

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Message Posted: Feb 22, 2012 11:00:04 PM

62 votes ???

Interesting, VERY VERY -- interesting!!!
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kgbellman
Champion Author Ann Arbor

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Message Posted: Feb 22, 2012 10:59:26 PM

interesting
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gumbyrex
Champion Author Fresno

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Message Posted: Feb 22, 2012 10:58:01 PM

Great, now just get it out of the ground and on the open market.
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nztyraider
Champion Author Nevada

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Message Posted: Feb 22, 2012 10:56:12 PM

Push for more oil to lower gas prices.
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bcok
Champion Author Los Angeles

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Message Posted: Feb 22, 2012 10:54:21 PM

With good direction this should be a great thing for their economy and hopefully ours.
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bif65
Champion Author Virginia

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Message Posted: Feb 22, 2012 10:53:41 PM

ok
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carman11
Champion Author North Carolina

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Message Posted: Feb 22, 2012 10:49:49 PM

Where are the Geen People. This will kill all the fish in the world oh MY!! America would never alow this to happen....
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Tanner_1
Champion Author Virginia Beach

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Message Posted: Feb 22, 2012 10:47:22 PM

Now to get it in the supply line in a timely manner.
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Saturn93
Champion Author Salt Lake City

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Message Posted: Feb 22, 2012 10:45:00 PM

While it is years away from commercial development, this is good news for world oil markets. Just don't leg BP mess things up again.
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DEG
Champion Author Las Vegas

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Message Posted: Feb 22, 2012 10:41:25 PM

Big Oil, Big Government, and speculators are all to blame. Obama is a big part of the equation.
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02SilverStroke
Champion Author Dallas

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Message Posted: Feb 22, 2012 10:40:30 PM

Hopefully this will help lower prices.
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judgemobile
Champion Author Ohio

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Message Posted: Feb 22, 2012 10:39:23 PM

BIG new supplies usually mean lower prices. I guess the greedy speculators don't care about us common folk.
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johnnyg1200
Champion Author St. Louis

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Message Posted: Feb 22, 2012 10:37:32 PM

No better than the Middle East. Some of the countries in Africa have no government or ones that are barley functional. The countries that have governments are ruled by corruption. Civil war and border disputes are the normal instead of the exception. Only a fool would invest in that part of the world and only the king of fools would depend on energy from that continent.
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abcdMA
Champion Author Worcester

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Message Posted: Feb 22, 2012 10:36:54 PM

more supply is good
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skybiker
Champion Author South Carolina

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Message Posted: Feb 22, 2012 10:35:33 PM

We have yet to discover even half of the existing oil reserves.....
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shopnshop
Champion Author Dallas

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Message Posted: Feb 22, 2012 10:35:30 PM

good news
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clermont40miles
Champion Author Cincinnati

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Message Posted: Feb 22, 2012 10:34:35 PM

Good. Produce.

Don't let the greenies find out!
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skyking19
Champion Author Little Rock

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Message Posted: Feb 22, 2012 10:31:45 PM

That's great, but it doesn't change short term retail gas prices.
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ScottE
Champion Author Orange County

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Message Posted: Feb 22, 2012 10:27:17 PM

YES ON OIL PRICES, BUT THE AREAS HAS BEEN UNSTABLE FOR MANY YEARS. ANGOLA IS THE BIGGEST EXPORTER IN THE DARK CONTINENT. LATIN AMERICA AND SOUTHERN ASIA IS CORRUPT BUT AFRICAN GOV'T. TAKE THE CHEAT THEIR PEOPLE CARK.
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luwachris
Champion Author Los Angeles

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Message Posted: Feb 22, 2012 10:23:32 PM

Will it make gas prices more sane?
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serrog
Champion Author Nova Scotia

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Message Posted: Feb 22, 2012 10:11:48 PM

good
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Blue48
Champion Author Illinois

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Message Posted: Feb 22, 2012 10:11:24 PM

CONSERVE AMERICA CONSERVE!
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ty58
Veteran Author Akron

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Message Posted: Feb 22, 2012 10:05:31 PM

so how does this help the world and us oil prices
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LegoVasavouchi
Champion Author Oklahoma

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Message Posted: Feb 22, 2012 9:55:23 PM

Fascinating.
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BKool
Champion Author Michigan

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Message Posted: Feb 22, 2012 9:52:44 PM

Good for the Aussies.
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nvwarped
Champion Author Corpus Christi

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Message Posted: Feb 22, 2012 9:52:28 PM

ok
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Ray_10589
Champion Author New York

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Message Posted: Feb 22, 2012 9:48:44 PM

Hopefully it will help the US....
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WillyG
Champion Author Cincinnati

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Message Posted: Feb 22, 2012 9:47:22 PM

What's in it for us ?
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mstearno
Champion Author Dayton

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Message Posted: Feb 22, 2012 9:44:56 PM

what about us?
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a_lu_vasile
Champion Author Maryland

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Message Posted: Feb 22, 2012 9:43:14 PM

ok
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woodeye55
Champion Author Gary

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Message Posted: Feb 22, 2012 9:41:12 PM

Viva, Liberia.
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