Understanding asset values is the name of the game for early-stage resource plays—that’s how investors in the Bakken made huge returns. But with the first round of shale plays largely maturing, where are the next big opportunities for junior explorers? In many cases, abroad, says James West, publisher of The Midas Letter. In this interview with The Energy Report, West rolls out the map and shows us where juniors are headed. He also names some companies who are thriving on North American soil. If boots-on-the-ground prospecting puts a glint in your eye, read on.
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Looking for profits in the oil and natural gas space? Look no further than shale plays, energy service companies and offshore oil drilling opportunities in the U.S., says Byron King of Agora Financial LLC. In this interview with The Energy Report, King discusses how dwindling exports to the U.S. from Latin America, Africa and the Middle East are shifting the supply and demand equation across the world. King also names companies in the service space with solid prospects for investors.
The West African offshore oil and gas industry has a history of exploration of more than 50 years, with international majors and smaller firms having held, and relinquished, licences all along the coast since the British discovered oil in the Niger Delta in the late 1950s.
Japan’s largest trading house, and French energy explorer Perenco SA discovered reserves of crude oil in an offshore field in Gabon, West Africa. For full story, click here
Informing about its drilling and exploration program, VAALCO said currently it has six producing wells in offshore Gabon, West Africa: four in its Etame field and two in the Avouma / Tchibala fields. For full story, click here For VAALCO Energy’s website, click here
VAALCO reported that it has finished the installation of the production platform at its Ebouri field in offshore Gabon, West Africa. Robert L. Gerry, III, Chairman and CEO, said: We are making good progress in bringing production online and exploring new opportunities for growth. For more information, click here