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MINISTRY OF ENERGY MEETS THE PRESS-IS GHANA LOSING $30 BILLION?

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Imani tried to alarm Ghanaians about a potential loss of $30 billion to the country if the government failed to negotiate a new petroleum agreement with new terms with the DWT/CTP partners. This is absolutely false.

Aker Energy, on behalf of its partners announced after a successful appraisal of the Pecan Field discovery, a significant oil find as captured below:
“Based on existing subsurface data from seismic, wells drilled and an analysis of the Pecan -4A well result, the existing discoveries are estimated to contain gross contingent resources (2C) of 450 – 550 million barrels of oil equivalent (mmboe)”.

*How did IMANI arrive at valuation of the field at $30 billion?*

It simply multiplied the assumed price of $65 per barrel by 450 million barrels. This exposes the weaknesses in IMANI’s analyses as well asits poor understanding of petroleum economics.

The 450 million barrels of oil equivalent are gross contingent resources, which are the potential resource available all of which cannot be recovered under current technology. IMANI wants us to believe that all the 450million barrels of oil equivalent will be produced but fails to explain how that can be.

In Ghana, our average crude oil recovery rate is 25%. At this rate, the field value will be estimated at $7.3 billion assuming a price of $65 per barrel. We are working with Aker Energy to enhance oil recovery mechanismto achieve a recovery rate of 40%, which will be the highest in Ghana’s oil and gas history and which occurrence will appreciate the value to $11.7 billion. This will be a significant gain for both Ghana and the partners.

GENERAL NEWS

Cozy Riddim and Yadozie Release Powerful New Single “Biko Baby” – A Fusion of Afrobeats, Dancehall, & Modern R&B

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This dynamic track is now available on all major streaming platforms, bringing together the rhythmic beats of Afrobeats and infectious ass of a Dancehall track with the soulful tones of modern R&B.

“Biko Baby” is a vibrant anthem that captures the essence of contemporary African & Caribbean music, blending infectious melodies with heartfelt lyrics. The song is a plea for love, evoking both
joy and longing through its captivating rhythm and emotional depth.

Cozy Riddim and Yadozie’s collaboration showcases their unique ability to create music that resonates with audiences across the globe.

Cozy Riddim, known for his innovative approach to Afrobeats, and Yadozie, celebrated for his smooth vocal delivery, have crafted a song that transcends cultural and musical boundaries. “Biko
Baby” is a testament to the artists’ dedication to their craft and their commitment to pushing the
limits of genre and style.

“I wanted to create something that speaks to as a testament to my love for Afrobeats and Dancehall” says Cozy Riddim. “Biko Baby is about connecting with that special someone, but it’s also about the universal experience of love and longing while incorporating a bounciness capable of being played in clubs and parties. Yadozie brought his incredible vocal talent to the track, really bringing it to life, and together we created something truly special.”

Yadozie adds, “Working on ‘Biko Baby’ was a unique experience. The synergy between our styles allowed us to explore new creative territories. I believe this track will resonate with anyone who has
ever felt the intensity of love & lust along with the celebration of multiple cultures.
“Biko Baby” is more than just a song—it’s an experience. It’s a celebration of love, culture, and the power of collaboration of music cultures.

About Cozy Riddim:
Cozy Riddim is a rising Nigerian producer in the Afrobeats scene, known for his innovative sound that blends traditional African rhythms with contemporary influences.

His music is a reflection of his roots and interests and his vision for the future of African music.

About Yadozie:
Yadozie is an acclaimed Nigerian artist whose smooth vocals and emotive performances have earned him recognition in the music industry. His work is characterized by its lyrical depth and its ability to connect with listeners on a personal level.

Follow Cozy Riddim on social media:

Instagram: https://www.instagram.com/cozyriddim/
Tiktok: https://www.tiktok.com/@cozyriddim1

 

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GENERAL NEWS

DEBUT ALBUM: Miriam Mandipira & The Soul Family

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DEBUT ALBUM by Miriam Mandipira & The Soul Family!
You’ve never heard a voice like Miriam Mandipira’s. Undeservedly, she doesn’t take credit for the power or presence she delivers. For Miriam, music is much more than just notes and words. It’s
magic. And faith. You can experience it LIVE and on the album, which is set to be released on September 1st.

She has been singing for as long as she can remember, growing up with her ears glued to the radio.

From the moment her school teacher asked her to sing in class, the rest has been history. From Africa to Denmark, from Book Café in Harare to Mojo Blues Bar and the big concert halls. From
Danish Radio Big Band to the Royal Theater. Music is music, and Miriam is the music.

“But it’s not about me when I sing. I’m just the instrument, and when I’m on stage with my band, I sing from a place that’s not about rules and technique but about emotions,” says the singer, who is
seriously trying her hand at songwriting – together with her Soul Family on the album “Ndiwe”, which means ‘you are the chosen one of my heart.’ The overall message is impossible to ignore
Love.

“Call me a soul singer, call me a jazz singer. I don’t care. Good music is good music, and I love interpreting other people’s songs and being inspired. At the same time, I think it’s great to try my
hand at creating and writing the songs myself – and with my friends in the Soul Family, I have found my place. They are my family, and the curiosity and respect we share are fantastic.”

You can experience that up close when Miriam & The Soul Family take the stage. The enthusiasm for music and communication is impossible to ignore and hear.

“I love to maintain the feeling of being a child. It’s an excitement and curiosity that keeps me going, and that’s why I’m so excited about every single concert – no matter how small or large it is.

Otherwise, I would never do it. This is not just a casual thing. This is a life, and everything means something,” says Miriam, who began her years in Denmark by jamming at Mojo Blues Bar, building a network.

Enjoy

 

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