Pancontinental Oil & Gas Limited is to make a major announcement.They have been drilling off the coast of Kenya......trading of a stake or a major find?

Let them call kibaki if its a major discovery

When do i start buying my 13kg cooking gas at Ksh 200

Quote DN

An Australian oil prospecting company Pancontinental involved in drilling off the Kenyan coast said Monday morning it has encountered approximately 52 net metres (about 170 feet) of natural gas pay so far.

The firm says it struck the gas at the Mbawa deep-water well.

“The Mbawa 1 well has encountered approximately 52 net metres (approx. 170 feet) of natural gas pay in porous Cretaceous sandstones. The Mbawa 1 exploration well was drilled to a depth of 2,553m RT (below the drill floor), at which point wireline logs, fluid samples and sidewall cores were acquired from the well,” said Mr Barry Rushworth, Pancontinental Chief Executive and Director said in a statement.

The firm said the reservoir and fluid parameters will become available as logs and sample analyses are completed.

It says it has resumed drilling targeting 3,275 metres.

“While we have not finished operations in Mbawa 1, this gas discovery is very promising and it is the first ever substantive hydrocarbon discovery offshore Kenya. We are delighted to prove that there is a working hydrocarbon system offshore Kenya,” Mr Rushworth said.

End Quote

Why do we have to look at the worst examples.... why cant we look at Qatar Saudi, UAE etc