“China Has Made A Huge Mistake” – The Next Oil Boom Is About To Happen Here

By Contributing Author

This report is an ADVERTISEMENT from OilPrice.com

It’s one of the most unbelievable energy stories of the year.

A Chinese oil company was sitting on what might be a major oil discovery – a 182-million-barrel probable reserve, with great potential to grow.

They spent hundreds of millions of dollars and sunk 13 wells, shot or acquired 6,700 km of 2D seismic, and shot over 1,000 km of 3D seismic. Then – thanks to a weird quirk of Sudanese geology – they gave away the entire African mother lode for free.

They literally abandoned their whole investment in the Al-Rawat Basin.

Now, a tiny Canadian explorer – Stamper Oil & Gas (TSX.V: STMP; OTC: STMGF) – stands to reap a petroleum opportunity unlike anything we’ve seen in years.

And, they’re doing it with an energy industry legend – the one man with a nearly perfect 40-year record of striking oil in the tricky rock of Sudan.

Here are five reasons you should be paying attention to Stamper today:

  1. China’s Huge Mistake
  2. Stamper Oil’s Secret Weapon
  3. A Fortune On The White Nile
  4. The Sudanese Oil Dream Team
  5. In Place Free Infrastructure

The story of Stamper Oil & Gas (TSX.V: STMP; OTC: STMGF) begins with a colossal blunder by Chinese geophysicists on the shores of the White Nile.

Beijing’s Huge Mistake

15 years ago, an oil hungry China made Sudan’s Al-Rawat Basin a major focus of their multi-billion dollar energy exploration machine.

One Chinese oil company spent ten years scouring the region for oil. Anticipating a massive find, they sank thirteen wells, acquired or shot 6,700 km. of 2D seismic and shot 1,000 sq. km. of 3D seismic spending $100s of millions in the process.

And, while they did strike a little oil – ongoing seismic studies determined their blocks held far less than they had anticipated. Eventually, they gave up.

The Click to see the original article