Estimates and Plans for 2017 West Africa oil production, including production-equivalent payment, is estimated to fall within the range of 78,00085,000 bopd. Total gas output for Europe is expected to be around 6,0007,000 barrels of oil equivalent per day (boepd). Preparation for drilling the potential Araku prospect are under way and is scheduled to be completed within the second half of 2017 along with the acquisition of 3D seismic data in Guyana. With the divestment of Norway business, three more divestments are also progressing well and are expected to be executed in the first half of 2017. The company is planning to reduce its capex for 2017 by 44% from $900 million to $500 million, of which $30 million is attributed to West Africa capex, $100 million is directed towards Kenya pre-development expenditure and $125 million for appraisal and exploration expenses. Ghana and Uganda capital expenditure is estimated to around $90 million and $125 million respectively. Zacks Rank and Key Picks An independent multinational oil and gas exploration and production company, headquartered in London, and concentrating its largest activities in Africa and Atlantic margins, Tullow Oil Plc currently carries a Zacks Rank #3 (Hold). view it nowThe company has outperformed the Zacks categorized International Oil And Gas Exploration & Production industry over the prior three months. During the aforesaid period, Tullow Oil shares improved almost 9% while the broader industry gained around 3%. Better ranked players in the industry include Bellatrix Exploration Ltd BXE, Rice Midstream Partners LP RMP and Now Inc. DNOW.
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This independent video production company, which was founded in 2008, has provided its services to film commercials, short films, and documentaries.Strategik Media produces an online YouTube Channel called ‘SMS Show’ with over 6 million views worldwide, and over 10,000 subscribers.This documentary will be entered into local and national film festivals, with the hopes of gaining larger notoriety.The main objective of this project is to tell this story, while the conversation about Colombia is still happening around the world, thanks to popular shows like “Narcos.”To see some examples of Strategik Media’s work, please visit https://vimeo.com/user46223345 Last year, Colombia’s Ministers of Health and Justice and other state and federal officials visited these co-ops praising the production, and medical benefits that Sannabis’ products are showing.To view a network TV news segment of the Ministers with Sannabis products, visit: http://noticias.caracoltv.com/cali/caucannabis-cooperativa-que-procesara-marihuana-de-uso-medicinal With the future of Colombia’s stance on medical marijuana and coca production, as well as other domestic issues (i.e. FARC/Government peace accord), in a constantly evolving state, understanding the full story is something that the outside world needs to be informed of. To view another documentary recently aired in Colombia highlighting Sannabis patients, products, and growers visit https://www.youtube.com/watch?v=jl3fjYOh1Ro Additionally, New Colombia announces they will be providing updates on the advancements on their joint venture to apply for an orphan drug designation with the FDA for a cannabinoid medication.The Company would also like to inform its shareholders that they’re working aggressively with their auditor to file a Form 10 K for 2015.Delays have been caused by general audit review processes that take time.The Company doesn’t anticipate any further delays and the filing is expected very shortly. New Colombia will also update their mining activities to fulfill a recently announced $90 Million contract for metallurgical coal.They received correspondence from the National Mining Agency (ANM) that they will receive notice this week about their pending permit to begin rock crushing operations.Use this link for a site visit report and Power Point Presentation of their rock crushing operation from an independent Colorado Geological firm, Exploration Services International: https://drive.google.com/open?id=0BxSKP5j2FlsebU9kT3Y4SHlOSm8 To learn more about or to purchase cannabis based products from the Company’s medical marijuana joint venture in Colombia, Sannabis, visit www.sannabis.co .Follow Sannabis on Facebook for photos and testimonials at https://www.facebook.com/sannabis.cannamedicinal Strategik Media SMS can be found on YouTube or Vimeo under that name.The Producer of the project, Juan Ruiz, can be reached by email at email@example.com New Colombia Resources, Inc. New Colombia Resources, Inc. owns vast reserves of premium metallurgical coal mining titles and a medical marijuana joint venture in the Republic of Colombia. They are setting up a rock mining operation to supply the major road and infrastructure projects within miles of their properties.They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have an additional 1196 ha. metallurgical coal mining title that they are negotiating to develop with a foreign entity to build a coal fired power plant.New Colombia Resources holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co . For more information on the Company visit www.newcolombiaresources.com . straight from the sourceForward Looking Statements Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934.
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