porojo ....is someone to cause panic on the counter???

@GG - Only Kenya requires crude to be processed in Kenya to support a government 'owned' (well, 50%) entity.

Tanzania used to have a refinery. Now 'dead'. So all these countries import White Oils which are cheaper if imported from Middle East or India.

South Africa is already stretched due to the local & regional demand.

The stock is reacting in the wrong way down to 9.90 today...anybody still interested???

@the deal,if i had the cash i would be very interested at the 9.70 levels.All the negative news and it has lost less than 10% in the last two weeks.Remember cables with their profit warning?.I believe there will be a way out of this.Can we first see the half year trading results on thursday.That said my entry average is 7.30,short term volatility does not bother me.

It is just a matter of common sense which people (especially those who have KK shares) do not want to see or hear. Due to increased costs the price for processing crude by KPRL was adjusted upwards in 1999 and 2006. Then, KPRL was owned by GOK and KK competitors (Shell,BP & Chevron) ALL the other marketers saw the logic and having been paying the increased costs save for KK. Does KK charge less on their pumps? So you wonder why... The bullying mentality, period. But it is always good to look back to history to understand complex situations. One of the major shareholders even today was very powerful during KANU era and his word was final but he needs to tell this CEO things have changed and the days of KANU being baba & mama are long gone.

Who has been earning a fixed salary from 1999-2006-to date? This Segman cannot force his crude ways of doing business down the throat of KPRL. KPRL is a private company owned 50/50 by Essar and GOK and has to make profit just as KK wants to make profits.