{"id":3012,"date":"2015-05-25T16:00:15","date_gmt":"2015-05-25T16:00:15","guid":{"rendered":"http:\/\/www.oilnewskenya.com\/?p=3012"},"modified":"2015-05-25T16:27:23","modified_gmt":"2015-05-25T16:27:23","slug":"rift-energy-ready-drill-kenyas-block-l19","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-ready-drill-kenyas-block-l19\/","title":{"rendered":"Rift Energy ready to drill in Kenya\u2019s Block L19"},"content":{"rendered":"

Houston based exploration company Rift Energy has told its shareholders that it is ready to commence drilling operations even as the company continues to evaluate potential acquisitions throughout east Africa.<\/p>\n

In its latest update the company says it is in the process of evaluating drilling and engineering service tenders for its drilling program, which it expects to commence later in the year.\"Block<\/a><\/p>\n

Rift Energy is also in the process of completing the Environmental Impact Assessments (EIA) that are required for each of its four drilling locations.<\/p>\n

\u201cAfter completing the EIA and securing additional financing, we will initiate our exploratory drilling program,\u201d Fred Zaziski, President and CEO says.<\/p>\n

 <\/p>\n

The drilling plans follow the completion of a 724 line KM 2D seismic program over key areas of the approximately 9,000 KM2 Block L19 which identified<\/a> over 21 leads including four that have developed into drill ready prospects (two oil and two gas).<\/p>\n

Resource Reserve Estimates in the preliminary resource reserve estimates for the top ten leads (including the four drill-ready prospects) include a mid-range recoverable estimate of 856 MMBLS oil and 10.425 TCF gas.<\/p>\n

The company says it hopes to maximize from the block\u2019s close proximity to markets in Mombasa for oil and\/or gas in the event of a commercial oil or gas discovery.<\/p>\n

\u201cAs such, any oil or gas discovery on Block L19 would not be stranded,\u201d Zaziski adds.<\/p>\n

\"Block<\/a><\/p>\n

 <\/p>\n

On the planned farm-out the company says it is currently in discussions with various investors and industry players in order to provide the capital to fully fund its exploration efforts on the block.<\/p>\n

The new investor will help the company its second exploration phase<\/a> entered in Q3 2014 after meeting or exceeding all contractual requirements of the initial two-year exploration program.<\/p>\n

Under the additional two-year exploration program on Block L19 Rift Energy is now obligated to either acquire 500 KM of 3D seismic or drill an exploration well during the next two years.<\/p>\n

The initial two-year exploration program required Rift Energy to acquire at least 1,000 KM of gravity and magnetic data, shoot at least 500 KM of 2D seismic data and to spend at least US$100,000 on community projects.<\/p>\n

 <\/p>\n

Elsewhere Rift says it continues to advance discussions with potential farm-in partners and host governments covering other opportunities in East Africa, which the company says it believes have the potential to significantly enhance shareholder value.<\/p>\n

The company also has sites on acquiring additional exploration blocks in Uganda where it says there is significant reserve potential.<\/p>\n","protected":false},"excerpt":{"rendered":"

Houston based exploration company Rift Energy has told its shareholders that it is ready to commence drilling operations even as the company continues to evaluate potential acquisitions throughout east Africa. … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":1192,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[302,3245,3244,3246,842,870,872,923,1252,1377,2603],"class_list":["post-3012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-block-l19","tag-eia","tag-environmental-impact-assessments","tag-exploration-blocks","tag-exploration-drilling","tag-farm-out","tag-farm-in","tag-fred-zaziski","tag-kenya","tag-lamu-basin","tag-uganda","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l19.png?fit=374%2C412&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-MA","jetpack-related-posts":[{"id":4138,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-ready-to-start-drilling-in-kenyas-block-l19-in-q1-2016\/","url_meta":{"origin":3012,"position":0},"title":"Rift Energy Ready to Start Drilling in Kenya\u2019s Block L19 in Q1 2016","author":"","date":"November 26, 2015","format":false,"excerpt":"Rift Energy has said it is ready to go ahead with drilling of its first well in Block L19 with pre-drilling works now complete. The company says it has identified four drill-ready prospects and 20+ additional leads with significant reserve potential and is currently in the final stages of completion\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l19.png?fit=374%2C412&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3176,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-hopeful-either-oil-gas-find-kenyas-block-l19\/","url_meta":{"origin":3012,"position":1},"title":"Rift Energy Hopeful of either Oil or Gas find in Kenya\u2019s Block L19","author":"","date":"July 22, 2015","format":false,"excerpt":"Houston based Rift Energy says its preliminary resource reserve estimates for the top ten leads (including the four drill-ready prospects) says it is hopeful of \u00a0encountering oil or gas when it drills its first well later this year. The block which has already seen one well \u00a0the Ria Kaluli 1\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/block-l19.png?fit=374%2C412&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2141,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-identifies-5-drillable-targets-within-kenyas-block-l19\/","url_meta":{"origin":3012,"position":2},"title":"Rift Energy identifies 5 drillable targets within Kenya\u2019s Block L19","author":"Samuel Kamau Mbote","date":"December 9, 2014","format":false,"excerpt":"Rift Energy Corp has confirmed it has identified five drillable prospects and at least 21 leads within Block L19 in Kenya. This follows completion of the interpreting or mapping phase of its 724 KM 2D seismic program as well as information from the Aerial Gravity & Magnetic Survey and Geochemical\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1851,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-enters-second-exploration-phase-in-kenyas-block-l-19\/","url_meta":{"origin":3012,"position":3},"title":"Rift Energy enters second exploration phase in Kenya’s Block L19","author":"Samuel Kamau Mbote","date":"September 30, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Rift Energy Corp. has announced it is entering into the first additional two-year exploration program on Block L19 in Kenya after meeting or exceeding all contractual requirements of the initial two-year exploration program. Under the additional two-year exploration program on Block L19 Rift Energy is now obligated to\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1701,"url":"https:\/\/www.oilnewskenya.com\/index.php\/initial-2d-seismic-on-kenyas-block-l19-encouraging-rift-energy\/","url_meta":{"origin":3012,"position":4},"title":"Initial 2D seismic on Kenya’s block L19 encouraging \u2013 Rift Energy","author":"Samuel Kamau Mbote","date":"September 1, 2014","format":false,"excerpt":"Rift energy has said the initial exploration program on block L19 have been very encouraging and confirm that it is a viable project. According to the latest investor update Rift energy says it has identified multiple drillable structures with data from the seismic confirming the company\u2019s original total recoverable potential\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/09\/rift-energy-block-l19.png?fit=343%2C310&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1319,"url":"https:\/\/www.oilnewskenya.com\/index.php\/rift-energy-corp-completes-2d-seismic-on-kenyas-block-l19\/","url_meta":{"origin":3012,"position":5},"title":"Rift Energy Corp. completes 2D Seismic on Kenya’s Block L19","author":"Samuel Kamau Mbote","date":"June 27, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Rift Energy has\u00a0announced the completion of its 2D Seismic Program covering 724 line kilometers on Block L19 in Kenya . Preliminary results of the 2D Seismic Program according to Rift Energy has produced high quality data with numerous leads and prospects that correlate to Rift Energy's proprietary Aerial\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/06\/rift-energy-2.png?fit=299%2C265&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=3012"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3012\/revisions"}],"predecessor-version":[{"id":3015,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/3012\/revisions\/3015"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/1192"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=3012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=3012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=3012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}