This article appeared in the London Financial Times yesterday.


Tullow's expectations of Kenya have exceeded their initial impressions. They are looking to mobilise 5 rigs for this year alone!

"Tullow Oil outperformed a falling London market on Wednesday as hopes grew that a discovery in Kenya had the potential to eclipse its previous finds.

Tullow was looking at options to accelerate drilling onshore in Kenya with five rigs available in the short term, management told a Merrill Lynch oil and gas conference on Tuesday.

Initial results from its first well had exceeded expectations before drilling had reached target depths, the company said.

“Even at this early stage, it appears that not only is this first basin potentially the same size as the whole of Uganda but that its prospectivity is better than in Uganda, not worse as previously thought,” Merrill Lynch told clients. “With six additional basins of similar size to chase after in Kenya, the opportunity set here is significant.”

http://www.stockhouse.co...p;t=list&l=0&r=0

That is just huge!

A row between Kenya and Somalia over their maritime border may deter multinational oil companies from exploring for oil and gas offshore east Africa, and a Somali official warned that the argument could escalate.

Block L5 is what is at risk I hope there is nothing in it

http://www.businessdaily.../-/14x22x5/-/index.html

Murchr need you view and advice, hit me on gatoho at yahoo pls

I was going through the presentation by Africaoil link below. So it appears that Bogal 1 well near isiolo found a 2-3TCF gas field that could supply kenya with 2000MW(gas to power) for 15 years.

http://www.africaoilcorp...2-April-Presentation.pdf

[quote=mkonomtupu]I was going through the presentation by Africaoil link below. So it appears that Bogal 1 well near isiolo found a 2-3TCF gas field that could supply kenya with 2000MW(gas to power) for 15 years.

http://www.africaoilcorp...-April-Presentation.pdf[/quote]
....And this was kept secret

Kenya has struck more oil in Turkana and surpassed the oil reserve in Uganda, Tullow Oil Plc, which is operating the block has announced. Haya basi, habari ndiyo hiyo...

http://www.businessdaily...8/-/t7xllu/-/index.html



I'm being tempted to get into NSE at this rate, global econ eurozone risk fundies and CBK tight rates be damned...

I've just read the Tullow Oil statement & seems these guys are on a roll. 100m of oil at a depth of 1515m so far, yet to get to target 2700m, and already more than double any East African well. Eh, we need that Oil Revenue Management Bill process up and running. If we get the policies in place, an Oil fund where we use only the profits for infrastructure (road, rail, education, health) development alone can serve this country well. #vision2030