Hi dictionary,Great stuff!Interesting article out yesterday:Eni...

Hi dictionary,

Great stuff!

Interesting article out yesterday:

Eni Has Funds to Develop Uganda’s Oil Industry, Minister Says

By Fred Ojambo

"Dec. 9 (Bloomberg) -- Eni SpA has the funds to support the development of Uganda’s oil industry, a government minister said today, indicating Italy’s biggest energy company may succeed in its $1.5 billion acquisition of Heritage Oil Plc assets.

Tullow is targeting Ugandan output of between 5,000 and 10,000 barrels a day by 2012, rising to 150,000 barrels a day within five years.

About 700 million barrels of resources have been found in the Lake Albert Rift Basin and another 1.5 billion barrels remain to be discovered, according to company estimates."

For the full article:

http://www.bloomberg.com/apps/news?pid=20601116&sid=aF0AkdyBDi5E

JB