Angola: Oil found in war-torn Cabinda

Angolan authorities hold that a recent oil discovery in the enclave of Cabinda is up to five times greater than announced by the Australian oil company Roc Oil in August. The gigantic oil reserve could lead to onshore production on the disputed territory. In late August, Roc Oil issued an optimistic press release, saying the Australian company had made an oil discovery enabling it to extract 33,000,000 barrels of oil from the onshore Massambala oil field in Cabinda. Roc Oil's shares immediately rose by 16 per cent.