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Ian Sinclair Joins Rialto’s Board

Rialto Energy has appointed Andrew Ian Sinclair to its Board in the interim. The appointment is to allow the company to comply with Australian requirements to have two directors resident in Australia, whilst it completes a search for a permanent Australian based Non-executive Director to replace Jeff Schrull,  whohas stood down from the board.

Mr. Sinclair, who is based in Sydney, Australia, is a founder of Giant Capital, an international investment fund focused on the oil and gas sector which he founded in 2011. Previously,he had a 16 year career with Macquarie Bank in Sydney, London and Houston.

Rialto Energy has assets in Cote d’Ivoire, where is the Operator (85% working interest) of the CI-202 block offshore, which contains the Gazelle Field and Ghana, where it holds a 12.5% interest in the Offshore Accra Contract Area, operated by Ophir Energy.

The company also has an interest in the Apache operated WA-399-P Block in the Carnarvon Basin, Western Australia.


Hataba Is The New Head Of Circle Egypt

Circle Oil has announced the appointment of Mr Hassan Hataba as General Manager for Circle Oil Egypt Ltd, effective 1 January 2013. Hassan holds a BSc. in Geology from Cairo University and has 37 years of oil and gas experience 25 of which he spent at a broad range of organisations including the Suez Gulf Petroleum Company (“Gupco”), a joint venture between Amoco, and later BP, and the Egyptian General Petroleum Corporation (“EGPC”). Hassan held a variety of positions at Gupco culminating in his appointment as Chief Geologist.

Following his career at Gupco, Hassan spent nine years as Undersecretary for Exploration and later Exploration and Production affairs at Egypt’s Ministry of Petroleum.

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Advisory: So Much Under One Roof


When Gbite Adeniji left Aelex Nigeria, the commercial and litigation law firm, in 2010, there were whispers that the man had moved on again. He had co-founded the Law Union in 1995, arguably the largest commercial law firm at the time and worked in the Oil & Gas Policy Division of the World Bank. On return to the country in 2003, he had consulted for the Nigerian Government on some important assignment in the oil and mining sectors, including the downstream gas bill (now incorporated into the Petroleum Industry Bill). He left Aelex, which he also co-founded, after six years.

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NAPE Gets A Female President-In-Waiting

Adedoja Ojelabi has been elected the President-Elect of the Nigerian Association Of Petroleum Explorationists(NAPE), the largest single body of petroleum geoscientists on the African Continent.

Ojelabi(Mrs.) was elected unopposed at the annual general meeting of the association, in the course of the 30th International Conference, which ended on November 15, 2012.

“I won’t be president until November 2013”, Ojelabi, an earth scientist with Chevron, the American major, declared to well-wishers after the announcement. “I will be Mr Osahon’s Girl Friday until then”.

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NAPE Elects Eight(8) New Fellows

The Nigerian Association of Petroleum Explorationists conferred its high honour-“Fellow of NAPE(fnape)” on eight members of the association at its last annual conference IN MID November 2012.

The new fellows include Tola Adeogba, General Manager for Onshore/Shelf exploration at  Shell Petroleum Development Company of Nigeria; Lanre Osho, Reservoir Engineering Manager at IDSL, an oil service subsidiary of the state hydrocarbon company NNPC; Mustafa Jibril, Manager, PSC/JOA Coordination for Esso Exploration and Production, a Nigerian subsidiary of ExxonMobil,

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High Debt Pushes Diesel Marketer, Otedola, Off The Rich List

Nigerian diesel marketer Femi Otedola couldn’t make it to Forbes’ richest 40 Africans because of his huge debt profile and the steep fall in the share price of his petroleum marketing company, African Petroleum (now Forte Oil), the Magazine reports on its website.

“Otedola had been one of Nigeria’s biggest debtors for the past few years with non-performing loans reported at close to $1 billion”, said the journal, a self – appointed tracker of the world’s wealthiest, quoting the Nigerian media. Mr. Otedola’s flamboyant lifestyle and the fact that he often gets photographed with the country’s president reinforces the perception of an influential man. But media reports, especially since the fuel subsidy bubble bust earlier in the year, have emphasized the liabilities of the son of a former governor of Lagos State.

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Frank Timis, Dahiru Mangal, Influence New Acreage Awards In Niger Republic

Frank Timis, Dahiru Mangal, Influence New Acreage Awards In Niger Republic

IP’s blocks are the most prospective after the Chinese operated leases.

In the end, the recently concluded award of licenses for nine hydrocarbon acreage in Niger Republic, came down to the influence of two people: Frank Timis, founder of International Petroleum, and Dahiru Mangal, the Nigerian owner of Persoil Trading and Maxx Air.

Imis, who has, through Africa Petroleum, built a substantial portfolio of acreages in deepwater West Africa, got his day in the desert by winning four acreages in the Sahelian country for his other company: International Petroleum(IP).

A Cabinet meeting on July 6, 2012 awarded Manga 1, Manga 2, Aborak and Tenere West to IP. All of the blocks awarded on IP are trending along the flanks of the trough where reserves have been discovered and currently under production in areas operated by the China National Petroleum Company.

Mr Timis, who is becoming one of the most aggressive hydrocarbon explorers in Africa’s frontier basins(His African Petroleum drilled two deepwater wells in Liberia in 2010/2011 and opened up the country with the first commercial discovery), had courted the Niger Republic president for months, flying into the country several times, according to reports.

Dahiru Mangal, the Nigerian businessman with the most extensive logistics operations along the Nigerian-Nigerien border, was able to get three blocks for Advantica  Gas &Energy and Labana Petroleum, companies linked to two former governors of states in Northern Nigeria.

Labana won Dibella 1, which adjoins CNPC operated  Bilma block to the east. Advantica was awarded the Manadaram Block, south of  I. P’s Aborak. Labana’s other award is Dallol, which is located in the far South west of the concession map.

Mangal’s companies have been responsible for transporting Nigeria’s Northern Pilgims to the Hajj for years and that is quite an important work in the context of economic issues in that part of the country. He was very close to Umar Musa Yar’adua, the late Nigerian president, but more crucially for these new awards, Mr Mangal is very chummy with Mahamadou Issoufou, president of Niger Republic.

Sirius Energy, another company linked with Nigerian owners, won the Grein block, which sits directly north of CNPC operated Tenere block. The Djado 1 permit went to Genmin Bermuda.

Faga Takes You To First Oil

Abraham Faga runs a company that serves as well design, drilling operations and well completions department for a host of homegrown Nigerian E&P firms. He is in a niche market. He brings to it a wealth of experience gained largely from his background working in some of the world’s most remote places for Schlumberger (the largest oilfield service firm on the planet) and the psychology of a structured E&P company which he learned in his 12 years working for Shell, the Anglo Dutch major who operates the largest hydrocarbon asset portfolio in Nigeria.

Oil majors working in Africa have the capacity to run their own drilling operations; from well design to completion.

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SacOil Admits Carina de Beer To The Board

SacOil Holdings limited has appointed Carina de Beer as the Financial Director of the company. Ms de Beer is a Chartered Accountant (SA), who has been a part of the SacOll executive team from the time of the acquisition of Samroc (as SacOil was then called) while it was still listed under the Venture Capital board of the JSE. Carina completed her articles with PricewaterhouseCoopers, and she has extensive experience in corporate financial management and reporting, company secretarial practice and corporate governance. Carina is a member of the South African Institute of Chartered Accountants, the Chartered Secretaries of South Africa, and the Institute of Directors.

Robin Vela, the Chief Executive of SacOil, had this to say about the appointment: “We are pleased that Carina has agreed to join the SacOil Board of Directors. She is an excellent addition to the team, and brings a wealth of experience with her that will greatly benefit the company”.

Orca Promotes Andrew Brown

Orca announced two senior natural gas operations and marketing appointments. Andrew Brown has been named General Manager of the company’s natural gas production, gas marketing and distribution operations in Tanzania. Pierre Raillard has been named Vice President, East Coast Transmission and Marketing, the new infrastructure development division of Orca.

Mr. Brown has had a broad and successful career in downstream gas marketing and operations. He previously held senior management positions over a period of 36 years within the BG Group. Mr. Brown recently served as Managing Director for BG’s Nile Valley gas company in Egypt. His skill and experience are ideally suited to managing operations and continuing the development of Orca’s gas markets in Tanzania. Mr. Brown will be based at Orca’s operations headquarters in Dar es Salaam, Tanzania. He replaces Pierre Raillard as In-Country Manager.

Mr. Raillard has been with Orca since it began its natural gas operations in Tanzania. He has played a key role in the development of the Company’s Songo Songo natural gas operations and has been at the heart of Orca’s market development work with industrial and utility gas customers. Mr. Raillard will head up a previously announced new division of Orca committed to expand midstream gas distribution beyond Dar es Salaam and potentially for export to other countries in East Africa.

As part of this, Mr. Raillard is leading a study focused on expanding the onshore natural gas pipeline system that currently transports Songo Songo gas to Dar es Salaam. An expansion would require the twinning of the existing 207 kilometer onshore pipeline. Ultimately it is envisioned that the pipeline could be extended along the coast – north to Mombasa and south to Mtwara near the Mnazi Bay gas discovery on the border with Mozambique.

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