[Iron Munro]

If true, it's good news in the sense that any significant new oil discoveries might help moderate the push for higher prices by OPEC and others. Some of the bad news is that Uganda doesn't exactly have a rational government and the country also has a close relationship with Iran and is negotiating a deal for Iran involvement in the development of the Ugandan oil find.

Additional related info at this link:

http://allafrica.com/stories/200906020555.html?viewall=1

[SunkenCiv]

"You are blessed with amazing reservoirs. Your reservoirs are incredible. I am amazed by what I have seen, you might rival Saudi Arabia," Kornfeld told a visiting delegation from Uganda in Washington DC... According to data so far aggregated since the first discovery was made by Australian prospector Hardman Resources (now taken over by Tullow) in June 2006, Uganda has established reserves at 3.5 million barrels of oil per day... In April last year, Tullow embarked on what it termed as a major drilling campaign in the Butiaba area around Lake Albert targeting an overall reserve potential in excess of a billion barrels... The Giraffe-1 exploration well, which is located in the Butiaba region, came up with over 38 metres of net oil pay within an 89-metre gross oil bearing interval... a net reservoir thickness of 38 metres, the largest encountered in the area to date. The Buffalo-1 exploration well in Block 1 encountered 15 metres of net gas pay and over 28 metres of net oil pay. The gas and oil columns encountered are 48 metres and 75 metres respectively with the potential to be even larger.

It just means the Muzzies will take over Uganda really soon now, via "indigenous resistance movements".

[bray]

We likely have at least that much in Alaska if the gummit would get out of the way.

Pray for America