Connect with us

GENERAL NEWS

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

Published

on

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

Ghanaians have misconceptions about Shatta wale-Sammy flex

Published

on

In a candid interview with Emcee Bebe on Ultimate 106.9FM’s “Entertainment Records” show on Saturday, February 10, 2024, Sammy Flex debunked common misconceptions about working with Shatta Wale. The headline reads, “Sammy Flex Reveals: Shatta Wale is not Difficult to Work With.”

During the interview, Sammy Flex addressed the prevalent belief that collaborating with Shatta Wale might be challenging. Contrary to these assumptions, he stated, “Shatta Wale is not difficult to work with, as many think.” Flex shed light on the collaborative dynamics, emphasizing the importance of understanding and aligning with Shatta Wale’s creative vision.

As the conversation unfolded, Sammy Flex shared his ambitious vision for the future, revealing, “My vision is to let Shatta Wale’s music reach every household in the world.” This statement underlined his dedication to expanding the global reach of Shatta Wale’s musical influence.

The revelation provides a new perspective on the working relationship with Shatta Wale, challenging preconceived notions. Sammy Flex’s commitment to bringing Shatta Wale’s music to a global audience signals a significant aspiration within the entertainment industry, capturing the attention of fans and industry insiders alike

Continue Reading

GENERAL NEWS

There’s no vocalist better than me in the history of Ghana music- Shasha Marley brags

Published

on

In an exclusive interview with Emcee Bebe on Ultimate 106.9FM’s Entertainment Records show on Saturday, February 10, 2024, reggae artist Shasha Marley boldly proclaimed himself as the all-time best vocalist in the history of Ghanaian music.

The statement came as he discussed the remarkable vocal quality showcased in his latest single, “Spintex Road Traffic Jam.”

During the interview, Shasha Marley expressed confidence in his vocal abilities, attributing his self-proclaimed title to years of dedication and musical craftsmanship.

Emphasizing the uniqueness of his voice, he stated that “Spintex Road Traffic Jam” serves as a testament to his unparalleled vocal prowess and versatility.

The artist’s claim has sparked discussions among music enthusiasts, with some supporting his assertion and others engaging in debates about the rich history of vocalists in Ghanaian music.

As the news of Shasha Marley’s bold declaration continues to circulate, fans eagerly anticipate the response from fellow artists and the broader music community.

Continue Reading

Trending

Copyright © 2021 GHVIBE. powered by Filarbuzz.com.