Wazua
»
Investor
»
Economy
»
Estimated 71 Billion Barrels...
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
Thanks alot. And Jonna when is the second report due?
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
jonna wrote:Apparently someone working at the Ngamia 1 well posted some stuff on Twitter on the 25th of this month after which someone erased the information and then this link with no news whatsoever http://custom.fmg.dowjon...om/html-story.asp?guid={58e8df3d-f758-4219-9888-00a5d5acece6} http://www.insynshandel....m/forumdisplay.php?fid=3Energy.
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
jonna wrote:[quote=jonna]Apparently someone working at the Ngamia 1 well posted some stuff on Twitter on the 25th of this month after which someone erased the information and then this link with no news whatsoever http://custom.fmg.dowjon...om/html-story.asp?guid={58e8df3d-f758-4219-9888-00a5d5acece6} http://www.insynshandel..../forumdisplay.php?fid=3[/quote] Thanks @Jonna, let me paste it: Oil discovered at 2340 m in Ngamia-1This picture was posted on Twitter yesterday by a guy named KirgitBulls. The Twitter account was disabled yesterday, shortly after AOI was notified about the post. This at least means that AOI had directly contact with the person behind the twitter account as they where quickly able to disable the account... Suspicious? =) KirgitBulls has previously posted multiple images of him self from the Ngamia-1 drilling site proving that he is infact working there (I will post this in an other post). In the twitter post he is commenting that oil from 2340 m is freely jerking. This most likely means that oil is flowing to surface from 2340 m with the help of reservoir pressure during the DST. According to estimates from the AOI may presentation Lower Lokhone SST was expected from ~1900 to 2250 m. We know from the May 25th update that Lower Lokhone was infact encountered from 1800 m. It is likely that if oil is infact flowing from 2340 m that this is still part of Lower Lokhone SST. That would give us additional gross pay of 540 m! The May 25th update also gave us info that Lower Lokhone had similar properties to Upper Lokhone and that gives us porosities of 23-29 %. Upper Lokhone also had Net to Gross of 0.154 (100/650) and if Lower Lokhone has similar N/G additional net pay would be roughly 83 m. In total we therefore could be looking at ~183 m net pay in Ngamia-1!! And also the small fact that oil is flowing on it's own to the surface, which is a big step towards proving commercial values at Ngamia. I also attache proof that KirgitBulls is in fact working on Ngamia-1 drill site. Picture on left from twitter profile. Picture on right overview image from official AOI web page. Notice the small green shed on the right in KirgitBulls picture is clearly visible in the overview shot. Also notice the shape of the mountain top behind the rig. Same mountain is seen in the overview. Green arrow marks the picture shot angle. "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 .
|
|
Rank: Elder Joined: 12/11/2008 Posts: 2,306
|
Tullow halts drilling in Ngamia 1 after hitting an unexpected geological formation. RinkGreat men are not always wise, neither do the aged understand judgement...
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!!
|
|
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
|
http://intelligencebriefs.com/?p=2581
Tullow Oil Facing Problems in Kenya, Turkana Threats of SabotageJune 27 | Posted by David Goldman | Energy Intelligence Tullow Oil of Britain is facing threats in Kenya as it farms for oil in the block at the Lokichar basin, Intelligence reports confirm. The British oil company found oil pay in the block and are in the process of drilling deeper in the wells to confirm commercial viability of the high quality oil. The Turkana community, a war-community has threatened to sabotage operations at the drilling site besides block any form of operations by the oil exploration company. There are fears of sabotage and Tullow is taking the Kenyan government to task over these threats. The contract to explore the oil in Kenya is between the government of Kenya and Tullow oil Plc of Britain, the Turkana community is not aforementioned in the formal contract as key players in the exploration contract. Tullow Oil has entered into formal talks with the government of Kenya and the local community to identify modalities to fend off the animosity. The Turkana people are claiming that they were never consulted and informed about the oil exploration and how they would benefit since the discovery and subsequent production would be a direct boon to their socio-economics. The land in which the oil was found is our cultural heritage and we should part of the process, the leaders of the community reiterate. The Government of Kenya will provide a solution to the problem to safeguard Tullow Oil’s interests and its interests in the exploration efforts. ??!!! “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
|
|
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
|
Investors in Tullow Oil Kenya Worried Over Turkana Community ThreatsJune 28 | Posted by David Goldman | Energy Intelligence Tullow Oil is yet to confirm the commercial viability of the oil found in Ngamia-1 Well in Kenya’s Lokichar Basin, intelligence shows. However, this announcement will come at a time when Tullows activities on the drilling site have been threatened. Strategic Intelligence and other media reports on problems faced by Tullow Oil in Kenya, particularly, the Turkana tribe threats to sabotage its drilling activities has worried investors with a stake in the British company. Tullow Oil has a great record in exploration activities with various success reports in East Africa, hence investors have a right to worry about the progress and downs of the company. Discussion between investors in stocks forums and investor discussion boards show a jittery community and an alarmed caboodle of investors worried about the outcome of the Turkana threat to Tullow Oil exploration activities in the oil rich Lokichar basin. However, the government of Kenya under President Mwai Kibaki has goodwill and is quite capable of achieving a longstanding solution to these problems besides providing adequate/maximum security to the facilities being used by Tullow Oil. The objective of the Turkana community is to secure jobs available on the drilling site, besides entering into agreements with the government on revenue sharing once production and export of oil is confirmed. These strategic objectives by this tribe are not illegal though making threats was out of order and alarmist. Tullow Oil activities have not stopped rather the company is making progress in its efforts to authenticate commercial viability of the oil found in the area. “The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
|
|
Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
|
My take on this is that since oil is freely jerking from the reservoir, the cost of pumping the oil up is reduced. With this info, Govt can then renegotiate their deal with Tullow since less effort will be needed to extract. http://en.wikipedia.org/...Extraction_of_petroleum
Primary recovery During the primary recovery stage, reservoir drive comes from a number of natural mechanisms. These include: natural water displacing oil downward into the well, expansion of the natural gas at the top of the reservoir, expansion of gas initially dissolved in the crude oil, and gravity drainage resulting from the movement of oil within the reservoir from the upper to the lower parts where the wells are located. Recovery factor during the primary recovery stage is typically 5-15%.[2] While the underground pressure in the oil reservoir is sufficient to force the oil to the surface, all that is necessary is to place a complex arrangement of valves (the Christmas tree) on the well head to connect the well to a pipeline network for storage and processing. As Iron Sharpens Iron, So one Man Sharpens Another.
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Nabwire wrote:Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!! , Tullow confirmed yesterday that they've stopped drilling due to a geographical formation which is located 400m to their target of 2700m. So according to the Nice man working there...the oil was jerking off seriously at 2340 he dint say anything about the geo formation but he alerted people to expect good news. Meanwhile...don't complain about the stock going down just know its your time to get in..remember the global oil prices have been going down and that is causing some panic "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 .
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
murchr wrote:Nabwire wrote:Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!! , Tullow confirmed yesterday that they've stopped drilling due to a geographical formation which is located 400m to their target of 2700m. So according to the Nice man working there...the oil was jerking off seriously at 2340 he dint say anything about the geo formation but he alerted people to expect good news. Meanwhile...don't complain about the stock going down just know its your time to get in..remember the global oil prices have been going down and that is causing some panic Thanks alot Murchr, atleast I understand abit better now! So despite the geographical formation, oil is still coming to surface, isnt there some kind of machine that can remove or drill through that formation? So they were able to get oil at a lower level (2340) than their expected level (2700) This must be good news coz Tullow is up almost 5% and Simba is up too!
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Nabwire wrote:murchr wrote:Nabwire wrote:Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!! , Tullow confirmed yesterday that they've stopped drilling due to a geographical formation which is located 400m to their target of 2700m. So according to the Nice man working there...the oil was jerking off seriously at 2340 he dint say anything about the geo formation but he alerted people to expect good news. Meanwhile...don't complain about the stock going down just know its your time to get in..remember the global oil prices have been going down and that is causing some panic Thanks alot Murchr, atleast I understand abit better now! So despite the geographical formation, oil is still coming to surface, isnt there some kind of machine that can remove or drill through that formation? So they were able to get oil at a lower level (2340) than their expected level (2700) This must be good news coz Tullow is up almost 5% and Simba is up too! Oil started showing up even b4 they hit 1000m thats why they had a sample in March. On getting the oil through the formation, yes they can, i guess they want to be to know and be sure of what it is. Meanwhile, they also stated that they will begin drilling Twiga 1... "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 .
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
Last question what is the differenc between Tullow and Africa oil? Are they in partnership on all their projects?? Would it be wise to buy Tullow over Afri for example? As in which one is the bigger brother? Asante sana!
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Nabwire wrote:Last question what is the differenc between Tullow and Africa oil? Are they in partnership on all their projects?? Would it be wise to buy Tullow over Afri for example? As in which one is the bigger brother? Asante sana! Tullow and Africa Oil have a 50:50 sharing agreement on Block 10BB...i dont know which other block they share but if u i'd advise to get tullow too its success rate is excellent and it also has a share of Mbawa well block L8 whose result is a min of 4.9BBO "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 .
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
L8 is co owned with Africa oil right? Ai jamani pesa hazitoshi kununua both. Pliz keep us updated at every turn, you seem to know alot about this oil exploration!
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
Nabwire wrote:L8 is co owned with Africa oil right? Ai jamani pesa hazitoshi kununua both. Pliz keep us updated at every turn, you seem to know alot about this oil exploration! Block L8 Pesa haitawahi tosha "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 .
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
sawa wacha nikasome, seems like you are saying Tullow is better investing wise than Africa oil. Hii kazi si rahisi, lemme go look over the map of blocks again.
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
"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 .
|
|
Rank: Veteran Joined: 3/26/2012 Posts: 1,182
|
Metasploit wrote:http://intelligencebriefs.com/?p=2581
Tullow Oil Facing Problems in Kenya, Turkana Threats of Sabotage June 27 | Posted by David Goldman | Energy Intelligence
Tullow Oil of Britain is facing threats in Kenya as it farms for oil in the block at the Lokichar basin, Intelligence reports confirm.
The British oil company found oil pay in the block and are in the process of drilling deeper in the wells to confirm commercial viability of the high quality oil.
The Turkana community, a war-community has threatened to sabotage operations at the drilling site besides block any form of operations by the oil exploration company.
There are fears of sabotage and Tullow is taking the Kenyan government to task over these threats.
The contract to explore the oil in Kenya is between the government of Kenya and Tullow oil Plc of Britain, the Turkana community is not aforementioned in the formal contract as key players in the exploration contract.
Tullow Oil has entered into formal talks with the government of Kenya and the local community to identify modalities to fend off the animosity.
The Turkana people are claiming that they were never consulted and informed about the oil exploration and how they would benefit since the discovery and subsequent production would be a direct boon to their socio-economics.
The land in which the oil was found is our cultural heritage and we should part of the process, the leaders of the community reiterate.
The Government of Kenya will provide a solution to the problem to safeguard Tullow Oil’s interests and its interests in the exploration efforts.
??!!! A war community? Talk of sensationalism.
|
|
Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
|
mkeiyd wrote:Metasploit wrote:http://intelligencebriefs.com/?p=2581
Tullow Oil Facing Problems in Kenya, Turkana Threats of Sabotage June 27 | Posted by David Goldman | Energy Intelligence
Tullow Oil of Britain is facing threats in Kenya as it farms for oil in the block at the Lokichar basin, Intelligence reports confirm.
The British oil company found oil pay in the block and are in the process of drilling deeper in the wells to confirm commercial viability of the high quality oil.
The Turkana community, a war-community has threatened to sabotage operations at the drilling site besides block any form of operations by the oil exploration company.
There are fears of sabotage and Tullow is taking the Kenyan government to task over these threats.
The contract to explore the oil in Kenya is between the government of Kenya and Tullow oil Plc of Britain, the Turkana community is not aforementioned in the formal contract as key players in the exploration contract.
Tullow Oil has entered into formal talks with the government of Kenya and the local community to identify modalities to fend off the animosity.
The Turkana people are claiming that they were never consulted and informed about the oil exploration and how they would benefit since the discovery and subsequent production would be a direct boon to their socio-economics.
The land in which the oil was found is our cultural heritage and we should part of the process, the leaders of the community reiterate.
The Government of Kenya will provide a solution to the problem to safeguard Tullow Oil’s interests and its interests in the exploration efforts.
??!!! A war community? Talk of sensationalism. . talk of negative energy....
|
|
Wazua
»
Investor
»
Economy
»
Estimated 71 Billion Barrels...
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|