Three officials of the Liberia United for Sustainable Development (LUSD) have disclosed that plans have been finalized to plant cassava on its 25 acres of farm land located in Kakata, Margibi County.
The leadership of the Independent Mano River Transport Union of Liberia (IMRTUL) has expressed thanks and appreciation to President Ellen Johnson Sirleaf for accepting and recognizing the IMRTUL operations in the country.
Africa Petroleum said Tuesday it started drilling its Bee Eater-1 well offshore Liberia, about 6 miles from what the company said was a proven high-quality reservoir. The Australian oil mining giant said the well was meant to test the westward extension of the reservoir.
Africa Petroleum Chief Executive Officer Karl Thompson said there are plans for a "very active exploration program" in Liberia for 2013.
A second well is planned in the offshore region once drillers complete the Bee Eater-1 well. Several potential well locations are under construction, depending on results of the latest drilling, the company said.
Meanwhile recoverable resources for the Bee Eater area are estimated by the company at more than 840 million barrels of oil.
It can be recalled that in a speech sponsored by Chevron in April in Houston, President Ellen Johnson Sirleaf said Liberia, a country still recovering politically and economically from years of civil war was encouraging investments in the oil and natural gas sector.
The Liberian government said more than $16 billion was invested in natural resources such as oil in the past six years.
