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Karamba
United Kingdom
3820 Posts |
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Santanfara
3460 Posts |
 Posted - 24 Dec 2007 : 19:34:29
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quote:
Originally posted by Karamba
Daily Observer has it again this time another lulling update story on the Alhamdulilahi Project ready to bloom in year 2009.
http://observer.gm/africa/gambia/article/2007/12/24/oil-by-2009-inshallah
very soon vision twenty twenty will be achieved. |
Surah- Ar-Rum 30-22
"And among His signs is the creation of heavens and the earth, and the difference of your languages and colours. verily, in that are indeed signs for men of sound knowledge." Qu'ran
www.suntoumana.blogspot.com |
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turk
USA
3356 Posts |
Posted - 24 Dec 2007 : 21:02:49
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look what happens in an african country after oil discovery. Would Gambia be any different?
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Pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings. It had the highest per capita income of Africa in 1959.
The discovery of large oil reserves in 1996 and its subsequent exploitation have contributed to a dramatic increase in government revenue. As of 2004,[12] Equatorial Guinea is the third-largest oil producer in Sub-Saharan Africa. Its oil production has risen to 360,000 barrels/day, up from 220,000 only two years earlier.
Forestry, farming, and fishing are also major components of GDP. Subsistence farming predominates. The deterioration of the rural economy under successive brutal regimes has diminished any potential for agriculture-led growth.
Despite a per capita GDP (PPP) of more than US$30,000[13] (CIA Factbook $50,200[14]) which is as of 2006 the second highest in the world (after Luxembourg), Equatorial Guinea ranks 121st out of 177 countries on the United Nations Human Development Index.
In July 2004, the U.S. Senate published an investigation into Riggs Bank, a Washington-based bank into which most of Equatorial Guinea's oil revenues were paid until recently, and which also banked for Chile's Augusto Pinochet. The Senate report, as to Equatorial Guinea, showed that at least $35 million were siphoned off by Obiang, his family and senior officials of his regime. The president has denied any wrongdoing. While Riggs Bank in February 2005 paid $9 million as restitution for its banking for Chile's Augusto Pinochet, no restitution was made with regard to Equatorial Guinea, as reported in detail in an Anti-Money Laundering Report from Inner City Press.[15]
While Equatorial Guinea is currently one of the largest producers of oil in Africa, few improvements have been made to the living conditions of the people and most people live in poverty.
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diaspora! Too many Chiefs and Very Few Indians.
Halifa Salah: PDOIS is however realistic. It is fully aware that the Gambian voters are yet to reach a level of political consciousness that they rely on to vote on the basis of Principles, policies and programmes and practices. |
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Karamba
United Kingdom
3820 Posts |
Posted - 24 Dec 2007 : 23:11:14
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Turk,
That is a very thrilling bracket of events. If Gambia is to exploit any prospective oil reserves, it is worst in the era of a man Jammeh's strength of greed. A man who kills citizens because they query about the leader stealing their little national resources will slaughter a person a day to control and monopolize any revenue made from that oil. Gambians have to pray that even if there was oil to flow the streets of Gambian towns and villages, let it stay untapped until this regime or any like it is loaded off. Increased national wealth is not compatible with increased leadership greed. Up to this minute, there is no true story about this mystic oil discovery. It is just an extended variety of the CURE claim stories being swiped on the public deception political machine. |
Karamba |
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kaanibaa
United Kingdom
1169 Posts |
Posted - 25 Dec 2007 : 22:14:40
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| I pray that the oil story is for real |
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kayjatta
2978 Posts |
Posted - 26 Dec 2007 : 11:41:34
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| Buried Hills...? |
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Momodou
Denmark
11634 Posts |
Posted - 26 Dec 2007 : 19:37:09
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This company had been issued a 30-year offshore oil exploration licence more than a year ago.
Read the article below from the global oil & gas newspaper "Upstream".
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Buried Hill joins Gambia play
By Upstream staff
11 September 2006 14:34 GMT
The Gambia has issued two 30-year offshore oil exploration licences to Canadian player Buried Hill Energy, as President Yahya Jammeh pushes on with his ambition to turn the tiny West African state into an oil producer.
Jammeh, who doubles as Secretary of State for Energy, signed the agreement with Buried Hill's chief executive Roger Haines, awarding the company exploration, production and development rights for the offshore A1 Alhamdulilah ("Thank God") and A4 blocks.
"This will include deep-water exploration and drilling of wells, and most likely the final production of petroleum in Gambia," Environment Minister Edward Singhateh said, speaking on behalf of Jammeh at the weekend signing ceremony.
Jammeh, a former wrestler who seized power in a 1994 coup, has said he plans to rule for at least another three decades and that he will only hand over power once he succeeds in his ambition of turning Gambia into an oil producer.
"Buried Hill Energy's studies and analysis indicate that the offshore licence areas of The Gambia have substantial potential for the discovery of petroleum," Haines said in a statement.
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There is another article but one has to subscribe to the magazine to be able to read the whole article.
Gambia opting to do deals directly
02.11.2007
GAMBIA is offering companies the opportunity of direct negotiations for its four available offshore licences, instead of holding a formal licensing round. |
A clear conscience fears no accusation - proverb from Sierra Leone |
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Karamba
United Kingdom
3820 Posts |
Posted - 26 Dec 2007 : 20:05:42
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Momodou
Timely recollection about much water that passed under the bridge. Old wine in new bottle. Old story with different version. For government of Gambia to revive this old deceptive story about oil flowing our streets is unhelpful. Bottom line of the matter is that 12 months (encompassing the whole of year 2008) is no small time. To lull Gambians stay tranquil with hopes of oil flowing early 2009 is the biggest folly of a population 1.5 million. There is no truth in the story. Even if there was oil prospects, how much will profiteering oil companies be willing to venture in Gambia when they have easier access to oil with minimal cost where they are sure of optimum output? A serious government would have waited till end of 2008 to announce plans for 2009 especially on matters so sensitive to economic prospects. This is another fake alarm. |
Karamba |
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Momodou
Denmark
11634 Posts |
Posted - 26 Dec 2007 : 20:32:03
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quote:
Originally posted by Karamba
..Even if there was oil prospects, how much will profiteering oil companies be willing to venture in Gambia when they have easier access to oil with minimal cost where they are sure of optimum output? A serious government would have waited till end of 2008 to announce plans for 2009 especially on matters so sensitive to economic prospects. This is another fake alarm.
This is the crux of the matter. There is a no doubt those deep sea oil prospects are there and it has been known since the 70s but are there oil companies willing to invest millions in equipments to drill the oil? Is there oil enough to re-pay that investment? |
A clear conscience fears no accusation - proverb from Sierra Leone |
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kondorong
Gambia
4380 Posts |
Posted - 27 Dec 2007 : 23:03:20
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This oil business is not new. Canada and China did compete for oil exploration in the Gambia but deposits were not economical enough to undertake the venture. These reports are still in the Gambia. Geological surveys were done extensively from Kartong to Koina. Our problem is we do not have institutional memory and many people have either retired or forced to leave creating vaccums everywhere.
They dont need to waste any more money for oil prospects. The results are already there if only those in office even knew its existence. They need to talk to the former Commissioner of Petroleum who i hope should know about the reports. Any way, he was not in office when these reports were out sonmetime in the 1970s. |
“When I despair, I remember that all through history the way of truth and love have always won. There have been tyrants and murderers, and for a time, they can seem invincible, but in the end, they always fall. Think of it--always.” |
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Janyanfara
Tanzania
1350 Posts |
Posted - 27 Dec 2007 : 23:34:38
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What Hills?
I don't like the name of this company trying to either explor or drill our oil.
Buried Hill or buried truth what is there to bury?
Oh Gambia oh Gambia ! are you now about to be buried by this hungry "Fir-auna"? |
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kayjatta
2978 Posts |
Posted - 28 Dec 2007 : 07:41:09
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quote:
Originally posted by kayjatta
Buried Hills...?
You know I was just trying to be funny with that name "Buried Hills", it sounds just a little creepy and the way Jammeh is going about this oil thing, we might all end up 'buried in this hill' |
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Jack
Belgium
384 Posts |
Posted - 28 Dec 2007 : 09:45:57
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Hi brothers,
For those who are interested in a scientific report (2003) about the possiblities of oil discoveries/exploitation in Western Africa : http://pubs.usgs.gov/bul/b2207-a/
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Janyanfara
Tanzania
1350 Posts |
Posted - 28 Dec 2007 : 22:25:07
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| Gambia oil,Am sure we will not see any oil so soon and as the big DURUMO said he wants to drill first before he leaves office as if the country belongs to him. Thief ,Thief Thief, or should I say Ole, Ole, Ole, as he had addopted a nigerian title OGA.The greatest SHARCHEE on this universe.More than Barry Bullock or Samba Tuksel. |
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