Cooperation Agreement concluded with new partners and the China Petroleum Pipeline Bureau for the construction of the African Renaissance Gas Pipeline in Mozambique [link]
Marcus, I found the FirstEnergy report on the Sacoil site. It is under Investor Relations / Research Notes. Looking good
Marcus, this is a misleading media story. It excited me too because of its proximity to SAC's Block III. Further research made it clear that no oil reserves have actually been discovered. They have not even drilled a single well yet. Whereas the results from the seismic study is certainly encouraging, it does not consitute a discovery. There is still a lot to be done before Oil of DRCongo can claim that they have actually struck oil. Their "find" remains prospective.