Oil and natural gas in Albania

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Big Oil and Gas resorsources in Albania.Gustavson assigns 2.987 billion barrels with 3.014 trillion cubic feet of associated gas as the P50 prospective oil resources in its oil with associated gas case. Gustavson notes that because of the depth it is possible that the prospects will hold natural gas. In its oil with a gas cap case Gustavson calculates the prospective resources to total 1.4 billion barrels of light oil and 15 trillion cubic feet of natural gas. Gustavson estimates that in the event only gas is present the P50 prospective resource is 28 trillion cubic feet of natural gas. by Sahit Muja Albanian Minerals & Bytyci SHPK www.albanianminerals.com



Wall Street Journal: Oil and natural gas in Albania Topics

 

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Large Mineral Reserves in Kosovo and Albania.



Large mineral reserves exist in Albania and Kosovo worth hundreds of billion dollars.The ore deposits are commonly associated with Oligocene-Miocene volcano-intrusive complexes of calc-alkaline series. The most significant deposits Staritërg,Stari Trg, Belo Bërdë/Belo Brdo, Crnac, Hajvali/Ajvalija, Kishniçë are those containing lead and zinc, to some extent copper and antimony, and are accompanied by
gold, silver, arsenic, thallium, bismuth and iron. Several ore districts are distinguished. Very important to Kosovo is the Kopaonik ore district, characterised by hydrothermal-metasomatic replacement and vein types of Pb and Zn and other metals . Copper porphyry deposits inside other geological units are very important. In Albania large chrome ore, bauxite,copper,nickel, quartz,magnesium,cobalt. In the last two years huge explorations have taken place in Northern Albania, especially Tropoje and Kukes. According to Albanian Minerals & Bytyci Shpk engineer geologist Mr Sherif Hasandoci, and Mr Elez Muja there have been 800 new locations of chrome ore. Recently huge deposits of chrome ore have been found in Vlad Pac, Zogaj, Kam, and Lugu i Zi. Last year huge exploration and mining have taken place in Tropoje and Kukes, mainly from open cast. The body of this large chrome ore extends a hundred kilometers long from Lugu i Zi to Vlahen and 50 miles wide from Zogaj to Tpla. Bytyci Shpk has intensified exploration and started mining in some locations. According to Chinese and American engineers, working for Albanian Minerals and Bytyci Shpk this huge area has more than 500 million tons of chrome. By Sahit Muja Ceo & President Albanian Minerals bytyci Shpk BYTYCI MINERAL MINING WHOLESALE TREDING COMPANY


Large Mineral Reserves exist in Albania and Kosovo.

 

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Bankers Petroleum says Q2 production rose at Albania field





CALGARY _ Bankers Petroleum Ltd. (TSX:BNK) said production rose at one of its oil fields in Albania in the latest quarter and that oil was shipped for the first time Tuesday from its new port in that country.

The Calgary-based oil and gas exploration company said second quarter production averaged 6,385 barrels of oil equivalent per day from its Patos Marinza oil field in Albania, compared to first quarter production of 5,864 boepd.

It said the average oil price for the quarter was $35.11 per barrel, 55 per cent of the Brent oil price.

That compared to the first quarter average price of $24.73 per barrel, or 56 per cent of Brent oil price.

Bankers also said it realized in excess of 60 per cent of the Brent oil price in June for some exports "as a result of narrowing light and heavy oil differentials."

Bankers said oil was shipped on Tuesday for the first time from the Petrolifera Italo Albanese Terminal in the new port of Vlore, Albania.

It said operations went well and three more export cargos are scheduled for July and four in August.



In another development, Bankers said International Finance Corporation (IFC), a member of the World Bank Group, has exercised its entire warrant holdings, generating $12 million.

Bankers said it is awaiting a decision from the European Bank for Reconstruction and Development (EBRD) on the exercise of their equal number of warrants set to expire later this month.

The warrants were granted to both institutions as part of a US$110 million credit facility.

"With Brent oil prices now above $55, the company expects to have access to this credit facility as soon as the remaining outstanding standard conditions precedent, including security sharing agreements between IFC, EBRD and Raiffeisen Bank, are satisfied," the company stated.





Bankers Petroleum says Q2 production rose at Albania field (Bankers-Petroleum) | Oilweek Magazine

 

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Falls das wahr ist, werden sich die Amis (!!!) sicherlich sehr freuen und sich die Hände reiben.