🕐09.11.12 - 17:54 Uhr
TAIPAN RESOURCES (TSXV: TPN) A MESSAGE FROM PRESIDENT MAX BIRLEY
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November 9, 2012
An Operational Update from CEO, Max Birley
Dear Shareholder,
Since closing Taipans first major round of financing ($11.5 million) and the amalgamation with Lion Petroleum in July, we have worked steadily to move the company and its assets in Kenya forward.
As the fourth largest gross acreage holder in Kenya we have been quite busy.
Below, I enclose a brief summary of what has been happening in the Kenyan oil industry and an update of our operational activities in the country.
In order to facilitate the exploration and development of our two Blocks in Kenya, I have moved my home and family to Nairobi.
Relative to other frontier markets in which I have lived, worked and discovered hydrocarbons, Kenya is an easy and friendly place to conduct business.
It is also a very exciting time in the Kenyan oil business with very high levels of both commercial and drilling activity post the first major oil discovery in Kenya in March.
Kenya is now widely regarded in the industry as the "hottest" place for onshore oil exploration.
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