The East African Rift is a geological zone where continental plates in Eastern Africa have developed a tectonic plate boundary.
This is a part of the larger Great Rift Valley, where the African Plate is in the process of dividing into two new tectonic plates called the Somali Plate and the Nubian Plate.
As you can tell by the map above, it runs almost the entire length of Africa.
What you don't see on the map is that the East African Rift is suspected to be one of the last great oil and natural gas deposits on earth.
I first recommended Tullow Oil (London: TWL) a few years ago, after they discovered 2 billion barrels in Uganda...
It's been off to the races every since:
In March, Texas-based oil company Anadarko Petroleum Corp. (NYSE: APC) announced that it had found a giant reservoir of natural gas off the coast of Mozambique.
Tullow will pay $10 million USD for these new exploration blocks.
The company will also fund Africa Oil's working interest share of future joint venture expenditures in these blocks until the cap of US$23.75MM is reached.
A lot of untapped oil...
Trillions will be spent to secure the world's energy supply over the next two decades... and all sources are on the table.
Oil, Natural Gas, Solar, Wind. There will be money made.
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