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Estimated 71 Billion Barrels...
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josiah33
#31 Posted : Friday, November 04, 2011 8:33:59 AM
Rank: Elder

Joined: 1/27/2011
Posts: 1,777
Can you picture Nairobi and by extension Kenya 10-30 years from now?
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Cde Monomotapa
#32 Posted : Friday, November 04, 2011 9:58:19 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Rich dudes taking position?

The world’s richest men target Kenya with investment billions

“We want to have a large footprint in East Africa which to us represents enormous potential and is the next growth market,” said Naresh Leekha, the executive director of Tata Africa.

http://www.businessdaily...0/-/ig5x1u/-/index.html






This must be one of the few useful articles BD has published this year smile
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Obi 1 Kanobi
#33 Posted : Friday, November 04, 2011 6:51:16 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
Interesting, however, he has overhyped the whole kenya oil thing and sounds more like a seasoned scam artist.

I am however praying that its true.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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youcan'tstopusnow
#34 Posted : Friday, November 04, 2011 7:01:16 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Obi 1 Kanobi wrote:
Interesting, however, he has overhyped the whole kenya oil thing and sounds more like a seasoned scam artist.

I am however praying that its true.


Who has overhyped 'the oil thing'?

I thought Tullow's discovery of oil was an open secret...
GOD BLESS YOUR LIFE
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Obi 1 Kanobi
#35 Posted : Friday, November 04, 2011 9:08:10 PM
Rank: Elder

Joined: 7/23/2008
Posts: 3,017
youcan'tstopusnow wrote:
Obi 1 Kanobi wrote:
Interesting, however, he has overhyped the whole kenya oil thing and sounds more like a seasoned scam artist.

I am however praying that its true.


Who has overhyped 'the oil thing'?

I thought Tullow's discovery of oil was an open secret...


I know Tullow is drilling exploration wells in Kenya, I am not aware that a discovery has been made. If this has happened, then please let us know.

The overhyping has to do with the quantities he is mentioning and equating Kenyas/East Africa's deposits to Saudi's.
"The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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ngapat
#36 Posted : Friday, November 04, 2011 11:15:43 PM
Rank: Veteran

Joined: 12/11/2006
Posts: 930
This is speculation of the highest order. Kenya is a good investment destination in E.A due to its geographical location and is developed compared to its neigbours. the oil thing may or may not be true. Just hope but dont be so sure
“Invest in yourself. Your career is the engine of your wealth.”
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Jangwa la Jangili
#37 Posted : Saturday, November 05, 2011 12:19:09 AM
Rank: Member

Joined: 10/9/2009
Posts: 311
Seconded. The number of barrels are way overhyped compared to what the company he is discussing has itself published. Has an uncanny resemblance to a classic penny stock scam. Lundin and Tullow do lend some credibility to the firm itself but let us wait and hope for the best.


Obi 1 Kanobi wrote:
Interesting, however, he has overhyped the whole kenya oil thing and sounds more like a seasoned scam artist.

I am however praying that its true.

Katika Jangwa la Jangili ndipo Pwagu hupata Pwaguzi.
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hisah
#38 Posted : Thursday, November 10, 2011 6:55:18 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Coincidence. Hmmm...

http://businessdailyafri...4/-/11fqa0s/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#39 Posted : Tuesday, December 27, 2011 8:47:44 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Make way, for the big boys are rolling in!

Ministry of Energy officials said French oil giant Total and Brazil’s Petrobras will be among the first beneficiaries of the next round of prospecting licence awards early next year.

“We are creating new blocks for big oil firms with the financial muscle and technical capability to prospect,” said Martin Heya, the Commissioner of Petroleum.

http://www.businessdaily.../-/1fsgg3z/-/index.html
GOD BLESS YOUR LIFE
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Cde Monomotapa
#40 Posted : Tuesday, December 27, 2011 9:28:41 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Kazi Iendelee!!
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