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SERVINGTHE THECOASTAL COASTALCOMMUNITY COMMUNITY SINCE 1958NO6345 NO 6343 TUESDAY APRIL2014 2014 SERVING SINCE 1958 THURSDAY 178APRIL

Tel: 064 -64205854 / 064 - 64 461866 /COMMUNITY Fax: 064 204813 / 064 - 461824 / Website: SERVING THE COASTAL SINCE 1958 NO 6343www.namibtimes.net TUESDAY 8 APRIL 2014 Tel +264 205 854/+264 461 866/Fax +264- 64 204 813/+264 64 461 824/Website www.namibtimes.net

Tel: 064 - 205854 / 064 - 461866 / Fax: 064 - 204813 / 064 - 461824 / Website: www.namibtimes.net Rowan inside expected to carry Namibian oil Renaissance inside Spanish Oil and Gas Company, Repsol has Rowan expected to carry Namibian oil Renaissance Fraud NAMAs i nsid hired the Rowan& Renaissance Rig to start drilling Oil of the well near has Spanish and Welwitschia-1 Gas Company, Repsol Lüderitz. NAMA hired the Rowan Renaissance Rig to startEnterprise (NHE) has been given the responsibility to act as an agent and to construct 185 000News The National Housing houses nationally drilling of the Welwitschia-1 nearbefore the end of 2030. over the nextwell 17 years, Lüderitz. News Corruption a big risk

NHE to champion Mass Housing ANCHORED: The Rowan Renaissance drillship in the vicinity of Langstrand. ANCHORED: The Rowan (Photo by Mikkie Kriel)

Otis Finck

mid-April until May and about the According to rig Mritself. Karl been engaged in within The newly built drill- the Erongo Region. PeoSchroeder, the regionmid-April until May ship will undergo scheal branch manager at ple have heard about the and about the rig itself. duled preparation the NHE West Officeand in Mass Housing Program The newly final acceptance tes-drilland want to know what’s Walvis Bay, the built mission ting bywill Repsol, who ship undergo schehappening with regard must be accomplished behired it on aofthree duled preparation to it,” he said at a press fore the end 2030.year He and contract. It is expected said in order to achieve conference at the organfinal acceptance testo commence with isation’s regional headthe target, NHE has set ting by Repsol, who drilling in quarters in Walvis Bay on a hired goal toitoperations construct 6 000 onthe a three 2014 Wel-year Tuesday. houses for in the Erongo contract. It is expected witschia-1 well,ofoperaRegion as part 8 850 Schroeder pointed out tobycommence ted and inwith that the program haS houses toRepsol be constructed drilling operations Tower has which started and that the innationally, within an 18a in 30% interest. 2014 for as the Welmonth period part of terest was phenomeAccording Bloomnal with more than 100 the first phasetoofwell, the prowitschia-1 operaberg, applications being regram. ted an by international Repsol and in news agency head“Housing is a contenwhich Tower has a tious issue,inthe provision quartered New York, 30% interest. of housesSA, is of Spain's national Repsol According to Bloomimportance therefore biggest oilandproducer, berg, an international NHE, w i l l swhich p e n d hasa bbeen out news million headmandated toagency build houses 000 445 000) drilling US$95 (N$1 deemed itinfitting representatives gave has quartered NewtoYork, its first well offshore in Perspective

The Rowan Renaissance drillship arrived in Walvis Bay last The Renaisweek Rowan and is anchored sance drillshipofarrived in the vicinity Langinstrand. Walvis Bay last Minister of MinesandIsak Katali, week is anchored Page 9 Ambassador inSpanish the vicinity of LangMaria Orejas, Namcorof strand. Minister representatives, senior Mines Isak Katali, management of Spanish Ambassador Rowan and from RepMaria Orejas, sol in Spain Namcor visited representatives, senior Walvis Bay as part of mfamiliarisation a n a g e m e noft theo f plannedand drilling and Rowan from Reppreparations for the rig sol in Spain visited last week Walvis Bay Saturday. as part of Repsol and Rowan familiarisation of the representatives gave planned drilling and various presentations 13 preparations forPage the rig and briefed the delelast gationweek on theSaturday. planned Repsol drilling and set toRowan start

Workshop for Actors

Property

give feedback of the

Renaissance drillship in the vicinity of Langstrand. cessKriel) of being serviced. duced SABS approved (Photo by Mikkie

ceived per day. Accord- 100 houses within three ing to the NHE there is months. products in the construc- The plans for the houses a yawning gap of hous- There will be 1 595 con- tion process,” he com- are with the Walvis Bay es provided and houses structed in Walvis Bay, 3 mented Municipality and waitneeded with 7 000 per- 554 houses in Swakop- The NHE is also working ing for approval and once sons on the housing wait- mund and 80 houses in hand in hand with local approved, 500 houses ing list in Walvis Bay and Henties Bay as part of the authorities to ensure that will be constructed.Page 5 8 000 on the waiting list first phase of the project. developed land is availed NHE have also secured The road to a in Swakopmund. Seventy-nine out of a in Narraville. Eighty ser- erven to build 32 houses The range of houses that total of 300 houses are viced plots located on forlogistics the middle tohub high Pa will be built by NHE already under construc- land situated at the back income bracket group in will consist of Core 5-9 tion in Kuisebmond. of the soccer field were Meersig. The road t houses. The Core 5 is The tender to construct subsequently serviced Three thousand and fifh the smallest available in the homes was awarded and land adjacent to ty-four houses willlogistics be the range in addition to to 7 Sirs, a South Af- De Duine High School constructed in Swakopthe conventional types rican based company (350 erven) and another mund which became the named the Naute, Onduli using local contractors 100 erven located be- first town in Namibia to and the Falcon. and skilled construction tween the B2 road and initiate the Mass Housing Government availed workers. The construc- Narraville are in the pro- Program for residents of Page 6 N$2.5 billion for the tion process commenced the DRC settlement. The construction of hous- in February and the housland earmarked forgym this New ladies es in the first phase of es will be ready for occudevelopment is ideal bein Meersig the Namibia. project. The bulk pation within the nextshelf six making discoveries in cause some bulk servicnation's coastal from of the program’s firsta months. The owner 7 Ghana, Sierra Leone es (power supply lines may mirror that ofofthe Repsol, which has Pa phase interest houses will be Sirs, Naidoo pointand sewerage pipes) are oil Alvin rich Brazil across and Ivory Coast. 44% in offconstructed in the Eron-is ed of that 89 foundations Tower Resources holds located in the vicinity theout Atlantic. shore license 0010, New ladies g go Region.ofSixty percent a month. The laid factwithin that Brazil and 30% of license 0010 in the area. operator Block 1911 were in Meersig of this the amount has been “We A f r iemploy c a wnation's emore r e othan n ccoastal e the Walvis where WelwitschiaBasin, 200 discoveries Continuesin on page 2 making shelf from Namibia. 000 445 000) drilling allocated to the Eronlocals and use joined raised expec- kilometers (124 miles) 1 well will be drilled as 150 which has a may mirror that of the Ghana, Sierra Leone its first well offshore go Repsol, Region due to locally t a t i o n spro-a n d w i t h north of HRT Particfrom March. Ivory Coast. Brazil across 44% interest off- oilin rich discoveries Angola Repsolthe willavailability also be in ipacoes em and Petroleo Tower shore license Resources holds ervenall and the 0010, a n d is G a bthe o n ,Atlantic. i t i s SA's Wingat drillingof wells along well, o - o p eofr aAfrica t i oBlock n Thethere fact that of 1911 that of license 0010 in expected is Brazil the westcoperator coast where aand sub- 30% commerPage 7 received f r i c a w ecial r e odiscovery n c e the Walvis where thefrom WelwitschiaBasin, 200 this year, according to also oil inA Namibia's was local authorpart of West Africa Kristian1Rix, spokesannounced May. 2014 raised expec- last wella will be drilled asthe joined kilometers (124 miles) Fishtival ities. The ormargin on tthe African man forfrom the March. MadridTo w e r R e s o u r c e s a t i o n s a n d w i t h north of HRT Partica success ganisation has side. be discoveries in based company. announced onipacoes March 5 em Petroleo Angola Repsol will also already built In 2013, 11 out of the that a drillship was Namibia has attracted

Repsol SA, Spain's path to various presentations process and briefed the delebiggestwe oil producer, daunting n it's for gation on the planned h awviel l s p e n d a b o u t ose who US$95 million (N$1 perience drilling set to start saction. can be a g time. o be as equired, ts. Why pted that world's type of Page 17 e proven make in drilling wells all along a n d G a b o n , i t i s SA's Wingat well, his? * It attention from the top 20 oil and gas expected to start opend offers the least amount of risk in thereatisWelwitschiawest coast Africa expected where a sub- commerin thethatrations world'sthebiggest oil ofdiscoveries Pa t. * It does not require you to have the full alsomade oil in in Namibia's thisdespite year, preaccording worldtowere companies 1 on April 11. cial discovery was nvestment as bond financing is available part of to thea West Africa toannounced KristianoperaRix, a spokeslast May. 2014 Fishti s you with the opportunity to generate Africa, according vious drilling According reports vestment methods. * There is a growing margin on the African forwhich the MadridTo w e r R e s o u r c e s a success January 29 presentions at man 18 wells Namibia has also granGUILTY?: An alert police officer caught two men, suspected of breaking into vehicles parked in s led to an acceleration of property rental the can vicinity of Edgars (11th Road) and Jet (Theo-Ben Gurirab Avenue). The area is a crime R ep s o l . ted permission failed tobased find commerto U.S. on March 5 company. t a t i o n b yside. announced rket. * Property deliver an ongoing hotspot and is plaguedgrowth. by gangs of criminals that prey on unsuspecting vehicle owners. They Namibia also attracted cial deposits of crude. based Murphy spect for long term capital In 2013, 11 out of the Namibia has attracted that Oil a drillship was vehicles with alarm immobilising gadgets and remove valuables while vehicle cially for the gain “firstaccess time into home owner”, I Tullow Oil Plc and Explorers such as BP Corp. to explore two to start opetop 20 oil and gas attention from the expected owners do their The two suspects put up fierce resistance when the police officer the best investment you canshopping. make. The SA as explorers blocks Plc and world's Chariot Oilbiggest & Totaloil in therations Lüderitzat Welwitschiadiscoveries in the confronted them and askedthey them to accompany him to the police station for questioning. They il at some stage or another is that move along Africa's Gas Ltd. snapped up Basin. refused to be handcuffed and vehemently denied any wrongdoing. Two security guards arrived Entry-level apartments are a much more companies despite pre- world were made in 1 on April 11. assets on a bet that the Atlantic coastline after Continues on page 2 on the scene and assisted investor the opportunity to invest in the onepolice officer with the arrest and transporting the two suspects to to a According to reports vious drilling opera- Africa, according uy as many apartments as their budget the police station. tions at 18 wells which January 29 presen- Namibia has also gran- Page 12 alert policehave officer caught two men, suspected of breaking into vehicles parked in the marketGUILTY?: in which An Developers th , these apartments should be situated in Page 21 the vicinity of Edgars (11 Road) and Jet (Theo-Ben Gurirab Avenue). The area is a crime failed to find commer- ta tio n b y R ep s o l . ted permission to U.S. and very good rental yields. The risk is hotspot and is plagued by gangs of criminals that prey on unsuspecting vehicle owners. They cial deposits of crude. Namibia also attracted based Murphy Oil he return on investment excellent. In gain access into vehicles with alarm immobilising gadgets and remove valuables while vehicle Explorers such as BP Tullow Oil Plc and Corp. to explore two eciation in these undervalued growing owners do their The two suspects put up fierce resistance when the police officer stment is also spread overshopping. a range of Plc and Chariot Oil & Total SA as explorers blocks in the Lüderitz confronted themnever and asked e of entry-level flats almost dropsthem to accompany him to the police station for questioning. They Gas Ltd. snapped up move along Africa's Basin. slumps but does risetoconsiderably when refused be handcuffed and vehemently denied any wrongdoing. Two security guards arrived antly, the rental income never drops assets on a bet that the Atlantic coastline after Continues on page 2 on the scene and assisted the police officer with the arrest and transporting the two suspects to tate of the economy. It just makes sense the police station. don't believe in instant riches but in a Pag hich revolves around good cash flow and n conclusion; considering the yielding t especially the age group 25 to 35years, be made available in providing for this d also be for the authorities to avail land proposed developments shall meet the et. Else, the current shortfall will keep ple be deprived of property ownership! Should you require any further or property 4) 221000 or, E-mail: anjo@iway.na

JJ van Zyl

Locker vom Hocker

Principal Anjo Estates

Leading the way: Micheal Ileka and Karl Schroeder addressing journalists in Walvisbay on Tuesday

Happy

Easter


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