Business
Kilimanjaro Capital Ltd. Signs Deal for Disputed Offshore Oil in Cabinda
Kilimanjaro Capital Ltd. Signs Deal for Disputed Offshore Oil in Cabinda.
About this update from N1 Technologies Inc
[{"type":"text","content":"Kilimanjaro Capital Ltd. \n \n \n \n \n\n \n\n\n\n\n \n \n \n \n \n \nNovember 19, 2012 00:16 ET\nKilimanjaro Capital Ltd. Signs Deal for Disputed Offshore Oil in Cabinda\n\n\n\n\n\n\n\n CALGARY, ALBERTA--(Marketwire - Nov. 19, 2012) -\n Kilimanjaro Capital Ltd., a private Canadian company focusing on \nemerging nations in Africa, is pleased to announce that on 17 November \n2012 it signed a formal Offshore Oil Assignment Agreement with the \nRepublic of Cabinda. Cabinda's prolific offshore blocks have produced up\n to 700,000 barrels of crude oil per day and accounts for much of OPEC \nmember Angola's output. \n The Assignment Agreement grants future rights to the Republic\n of Cabinda's disputed offshore claims including an ultra deepwater \nblock not previously explored. Angola's licensees' Agip, Total, and \nChevron currently operate the concession. \n Cabinda is a former Portuguese Protectorate. In 1975, Cabinda\n attained independence but the oil rich territory was invaded by Angola \nand a 38 year struggle has ensued. Cabinda's current government of \nPresident Aphonse Massanga and Premier Joel Batila has focused on civil \nand political remedies. In 2011, the African Union Commission took \njurisdiction over disputed claims to Cabinda's dormant onshore \nresources. According to the Republic of Cabinda, due to pending shifts \nin regional geopolitics, self determination could be achieved in a \nmatter of months. \n Kilimanjaro Capital will immediately be seeking financial, \noil and mineral industry partners and has a bold plan to acquire \ndisputed and distressed oil and mineral assets throughout Africa. \nKilimanjaro Capital recently signed an agreement for exclusive oil and \nminerals rights with the Government of Southern Cameroons. \n \n\n\n\n\n \n \n \n \n \n \n \n Contact Information\n \n \n Kilimanjaro Capital Ltd.Zulfikar RashidCEOP.O. BOX 1525 Station M, Calgary, Alberta, Canada [email protected]","length":2532,"tagName":"div"}]