Sand miners along the Jor River have been reporting the emergence of fuel from underground while carrying out their mining activities.
This drew the concern of stakeholders in Bong County, including District #3Representative, Josiah Marvin Cole, who recently invited a Nigerian oil company to investigate whether it was actually crude oil.
Speaking to a cross section of citizens at the Gbarnga Administration Building on Thursday, July 4, 2019, the Chairman of DEECO Oil and Gas Ltd, Dr. Sunday Ayokunle Popoola , disclosed that after conducting test, it is now confirmed that oil is underground along the Jor River where the Ellen Johnson Market is being constructed near the old LEC local office in Gbarnga City, Bong County.
DEECO Oil and Gas Ltd is a leading indigenous petroleum company in Africa and one of the largest independent oil and gas producers/petroleum product marketers in the world within 10 years of operation.
According to Chairman Popoola, with the discovery of the oil, they will now be doing exploration to see whether it is in commercial quantity.
But Chairman Popoola pointed out that they will only carryout mining activities if their exploration proves that the oil is in huge quantity that can be marketed.
The Nigerian oil tycoon said it will cost his company about US$41milllion just to do exploration. He said even though it’s a big risk in investing such money in exploration, however, it will also bring huge benefits if the oil is in commercial quantity.
Meanwhile, Chairman Popoola urged the people of Bong County to pray, maintaining that when the oil is in commercial quantity it will be a new day for Bong County and Liberia.
“If the oil is in commercial quantity in ten years Liberia will be like Europe and Gbarnga will be like Dubai in the United Arab Emirates,” he bragged. Dr. Popoola reminded the citizens of Bong that Liberia is the first country in Africa to get its independent, but it is the least Ccuntry in Africa in turn of development, noting only Africans can build Africa.