US Oil Company Seeks Partners For Business In Ghana

Space FM,Sunyani, Aug. 27- Black Gold Oil Ventures, an oil company in the USA is seeking investors to do oil busines in Ghana.

I n a release signed by Kwame A. Boateng, the President & C.E.O of Black Gold Oil Ventures and copied to Space FM, the company said "as Ghana discovers more and more Oil, "Black-Gold Oil Ventures" is hereby looking for investors to do oil business in the Country".

The release said the company is also seeking partnership or affiliation with oil companies around the world which may be interested in doing business related to oil industry in Ghana and other parts of Africa. Tullow Oil recently made another "significant" oil discovery in Ghana, in a block adjacent to one where it made a big discovery in June, supporting investor hopes that the country will become a major profit centre for the firm. London-based Tullow said in a statement that the Hyedua-1 well discovered "a significant light oil accumulation", in the Deepwater Tano block, which Tullow operates and in which it has a 50 percent stake. U.S.-based Anadarko Petroleum Corp and private-equity backed Kosmos Energy own 18 percent each. The oil field would transform Ghana’s $60 billion economy if successfully developed. Previous discoveries in the country have only held as much as 20 million barrels. Ghana’s main money-earner is cocoa and it has been banking on a growth in tourism to drive GDP. Aidan Heavey, Tullow’s chief executive, has met president Kufuor over the discovery. Mr Hickey said the company plans to continue appraisal work on the field for the rest of the year “to increase our confidence in it.” He said it could be developed as early as 2011. In June, the companies announced a significant discovery in the neighbouring West Cape Three Points block.

Black Gold Oil Ventures can be reached on 65 Pine Ave, Suite 166 Long Beach, CA 90802,Tel (562) 423-6797, Fax(562)624-1122, Email : BlackGold_Oil @ Yahoo.Com