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Estimated 71 Billion Barrels...
Rank: Elder Joined: 11/7/2007 Posts: 2,182
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boss, this stuff is insightful. respectj LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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http://uk.finance.yahoo....ensive-than-london.html
Nairobi could be the new Luanda-Angola if we manage our resources well The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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An independent assessment of Simba Energy’s (CVE:SMB) wholly owned Kenyan asset, exploration block 2A, estimates the area could contain as much as 1.9 billion barrels of oil. Simba today revealed that the new competent persons report, based on existing 2D seismic data, defined three prospective leads. The report was compiled by the firm’s consultant Sproule Associates. And it estimates the leads may contain 1.927 billion barrels of ‘undiscovered petroleum in-place’.
From that figure it is estimated that 445.3 million barrels of oil could be recoverable, and they are termed ‘gross unrisked prospective resources’.Link"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Murchr the map only shows the blocks but it doesnt state which companies own them. It would be great to have a map showing the companies, though I have a rough idea from the articles which company owns what, there are some blocks which have not yet been accounted for.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Murchr the map only shows the blocks but it doesnt state which companies own them. It would be great to have a map showing the companies, though I have a rough idea from the articles which company owns what, there are some blocks which have not yet been accounted for. Click on it, its going to enlarge then below there u will see an index with the allocations "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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kyt wrote:boss, this stuff is insightful. respectj These days info is on social media - FB, twitter, blogs,forums etc. Damp the newspaper & TV (mainstream media) if you want to stay ahead of the game... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:An independent assessment of Simba Energy’s (CVE:SMB) wholly owned Kenyan asset, exploration block 2A, estimates the area could contain as much as 1.9 billion barrels of oil. Simba today revealed that the new competent persons report, based on existing 2D seismic data, defined three prospective leads. The report was compiled by the firm’s consultant Sproule Associates. And it estimates the leads may contain 1.927 billion barrels of ‘undiscovered petroleum in-place’.
From that figure it is estimated that 445.3 million barrels of oil could be recoverable, and they are termed ‘gross unrisked prospective resources’.Link My curiosity is on the rig being sent to the lake side in western KE region. Tullow doesn't guess things...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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hisah wrote:murchr wrote:An independent assessment of Simba Energy’s (CVE:SMB) wholly owned Kenyan asset, exploration block 2A, estimates the area could contain as much as 1.9 billion barrels of oil. Simba today revealed that the new competent persons report, based on existing 2D seismic data, defined three prospective leads. The report was compiled by the firm’s consultant Sproule Associates. And it estimates the leads may contain 1.927 billion barrels of ‘undiscovered petroleum in-place’.
From that figure it is estimated that 445.3 million barrels of oil could be recoverable, and they are termed ‘gross unrisked prospective resources’.Link My curiosity is on the rig being sent to the lake side in western KE region. Tullow doesn't guess things... migingo?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@Kizee - http://kenya411.com/tull...s-it-scales-up-drilling/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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kizee1 wrote:hisah wrote:murchr wrote:An independent assessment of Simba Energy’s (CVE:SMB) wholly owned Kenyan asset, exploration block 2A, estimates the area could contain as much as 1.9 billion barrels of oil. Simba today revealed that the new competent persons report, based on existing 2D seismic data, defined three prospective leads. The report was compiled by the firm’s consultant Sproule Associates. And it estimates the leads may contain 1.927 billion barrels of ‘undiscovered petroleum in-place’.
From that figure it is estimated that 445.3 million barrels of oil could be recoverable, and they are termed ‘gross unrisked prospective resources’.Link My curiosity is on the rig being sent to the lake side in western KE region. Tullow doesn't guess things... migingo? Lol....Even Migingo M7 told us that the stone is in Kenya but the waters belong to UG trust me he never meant the fish @Hisah have u noticed that they have acquired the 7th exploration block...interesting i must say  "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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25% immediate buying opportunity Sehemu ndio nyumba
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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@nabwire Mainat and murchr and To all in the know, who do I use to buy Simba in the US? ING don't do them Foresight..
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nabwire wrote:Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF. That is why I also put the OTC symbols in my earlier response. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Nabwire wrote:Since Simba is a non US company you'd have to buy it from OTC market or sometimes you have to buy it from the pinksheets. Depending on your brokerage firm, you will be charged an extra fee to buy and sell it. Mine charged $50 and its under symbol SMBZF. Thanks I got it, and they gave me @9.99. which Other handles can I get that have massive blocks? Simba said they have just the one block but are drilling offshore in liberia. The Vanguard guys are kinda expensive Foresight..
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Africa Oil Corp. (CVE:AOI) (PINK:AOIFF) stock price got affect by a dispute between the local authorities concerning the distribution of would be royalties from the company's oil sales. AOI share price collapsed nearly 15% in what seems to be a slightly exaggerated panic. The trading volume wasn't too significant though at 2.2 million, which was only slightly above the daily average of 1.7 million. LinkWonders never cease.....apparently this reaction was caused by a newspaper article that run on the star that is purported to be false..Hogwash press ..someone says that they have drilled to 2700m and the results are so good, so this news was meant to rally the price down so that they can get in..nkt! "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mainat wrote:25% immediate buying opportunity I wonder how many opportunities will come by like that 15% collapse. Someone is forcing the price down for a better buy entry
@murchr - Thanks to that newspaper article for offering a price reversal this big. I need this thing to come back to the $7 handle or lower to $5 for the next buy grab
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Mainat wrote:25% immediate buying opportunity I wonder how many opportunities will come by like that 15% collapse. Someone is forcing the price down for a better buy entry
@murchr - Thanks to that newspaper article for offering a price reversal this big. I need this thing to come back to the $7 handle or lower to $5 for the next buy grab
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Gatoho ING sold it to you at a $9.99 fee? Thats cool, question, how much do they charge you everytime you buy and sell? Any maintenance fees?
The biggest block owner is Africa oil/ Tullow, but im in Simba purely for speculative purposes, im hoping they will be bought out. And also the stock usually has great gains at the open, one day it was up 23% at open then closed flat.
This newspaper editor needs to be lobbied to keep printing such articles.. haha hio price ishuke.
Murchr do you have a map for Somalia and Ethipia block ownership?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:
This newspaper editor needs to be lobbied to keep printing such articles.. haha hio price ishuke.
Murchr do you have a map for Somalia and Ethipia block ownership?
No i have no maps but Africa oil is in Somalia and Tullow is in Ethiopia "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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