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Ivory Coast
Ivory Coast

Licensed to ACC in 2006. During 2009-10 ACC farmed out the License to Rialto Energy (Aux: RIA), an Australian company traded on the Australian Stock, and ACC became a substantial shareholder in Rialto. App. $130 million have been raised to date for the project. During 2012, 2 wells were drilled in the Block and a gas discovery was announced. The block includes Prospective Resources (Mean Estimate) of 900 million barrels of oil and 3TCF of gas.

Location: West Africa
Population: 20,179,602
Capital: Yamoussoukro
Government: Republic. President: Laurent Gbagbo. Prime Minister: Guillaume Soro
Language: French (official), 60 native dialects with Dioula the most widely spoken
Currency: West African CFA franc (XOF)
GDP (PPP): $32.8 billion (2007)
GDP per capita (PPP): $1 700 (2007)
Main Exports: cocoa, coffee, timber, petroleum, cotton,


Cote d’Ivoire is the world’s largest producer and exporter of cocoa beans.  The country’s economy was, for a long time, heavily dependant on agriculture and its related activities.  For that reason, the government has put a lot of efforts and energy into attempts to diversify its economy.  The strategy proved successful because since 2006, oil and gas production have become more important engines of economic activity than cocoa.  According to statistics from the International Monetary Fund, earnings from oil and refined products reached $1.3 billion in 2006, while cocoa-related revenues were $1 billion during the same period. Cote d’Ivoire’s offshore oil and gas production has resulted in substantial crude oil exports and provides sufficient natural gas to fuel electricity exports to Ghana, Togo, Benin, Mali and Burkina Faso.  Oil exploration by a number of consortiums of private companies continues offshore and the president, Laurent Gbagbo, is confident that daily crude output will reach 200,000 barrels per day by the end of the decade.

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ACC International Holdings PDF Print E-mail

ACC International Holdings Ltd. is an international fast-growing business group, focused on high risk – high reword projects and businesses. The natural resources interests that ACC Group is involved in are mostly highly prospective Oil & Gas exploration blocks as well as precious metals exploration concessions. In addition to the these activities, ACC Group is also involved in biotech activities and is the controlling shareholder of Brainstorm Cell Therapeutics Inc., a leading developer of adult stem cells treatments, for incurable neurodegenerative diseases.

Since its establishment in 2007, ACC Group is focused mainly on West African, and was one of the first companies to receive gold exploration concessions in Burkina Faso. All licenses were carefully selected by ACC Group and are highly prospective. ACC Group, through its subsidiary, ACC Resources, currently holds interests in 11 gold concessions in Burkina Faso, some of which are at a progressed stage and have reached a million ounce estimation based on recent NI 43-101 technical report.

Since its inception, ACC Group has also initiated several Oil & Gas projects in West Africa and Israel that have drilled wells off-shore Ivory Coast and Israel.

In addition to its mineral exploration projects, ACC Group is involved in the Bio-Technology industry, and is the controlling shareholder in Brainstorm Cell Therapeutics Inc. (OTC.QB: BCLI), a US public company, which is currently conducting clinical trials in Israel and in the US.

ACC Group, is constantly evaluating and considering additional fields of activity, where it can leverage the vast experience of its team and its international familiarity with many countries.