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Oil and gas exploration company to make a big announcement
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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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?  Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Posted on estimated 71..... "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: Elder Joined: 7/21/2010 Posts: 6,183 Location: nairobi
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Let them call kibaki if its a major discovery "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya
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50 milllion or 50 meters natural gas I may be wrong..but then I could be right
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Rank: Veteran Joined: 12/1/2008 Posts: 1,098
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digitek1 wrote:50 milllion or 50 meters natural gas When do i start buying my 13kg cooking gas at Ksh 200 
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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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
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Jump-steady wrote:digitek1 wrote:50 milllion or 50 meters natural gas When do i start buying my 13kg cooking gas at Ksh 200 Never ever! Look at Naijja, even domestic kerosene is scarcer than in Neighboring landlocked Niger.  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Why do we have to look at the worst examples.... why cant we look at Qatar Saudi, UAE etc
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Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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Wow!!!, Rushworth “With drilling continuing to a deeper exploration target, these interim results may be the first part of the story in this well, and they are certainly just the beginning of the main story of oil and gas exploration offshore Kenya,”murchr wrote:Posted on estimated 71..... Hadn't seen that.The admin can merge the two then. Nothing great was ever achieved without enthusiasm.
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Can't wait to see what effect these discoveries will have on the NSE in the long-term The harder you work, the luckier you get
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Shares of Australian-listed gas exploration company Pancontinental Oil & Gas NL surged two-thirds after the company said its joint venture consortium had discovered a significant gas deposit off the coast of Kenya. http://www.the-star.co.k...ustralias-pancontinental
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Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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Rank: Elder Joined: 9/23/2010 Posts: 2,220 Location: Sundowner,Amboseli
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#Stay invested @SufficientlyP
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Rank: Veteran Joined: 6/17/2009 Posts: 1,619
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Natural gas in Lamuhttp://www.capitalfm.co.ke/news/2012/09/kenya-strikes-natural-gas-in-lamu-basin/
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Rank: Elder Joined: 3/2/2009 Posts: 26,328 Location: Masada
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Jamani wrote:Why do we have to look at the worst examples.... why cant we look at Qatar Saudi, UAE etc Because they dont have negro blood flowing in their systems. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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Jamani wrote:Why do we have to look at the worst examples.... why cant we look at Qatar Saudi, UAE etc Excellent qustion @Jamani, why do we need to compare ourselves with bad stories, how about Norway. In any case, Naigeria's story is complicatd by 160M mouths to feed. "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Impunity wrote:Jamani wrote:Why do we have to look at the worst examples.... why cant we look at Qatar Saudi, UAE etc Because they dont have negro blood flowing in their systems. Sorry, my dear if thats how you are reasoning.... people need to believe in themselves beyond colour. Respect starts from oneself and for your information a good number of the locals in UAE and Saudi are indeed black people.
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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With Kenya becoming a centre of interest with the recent oil strikes, there is growing need for specialised studies on oil exploration. http://www.businessdaily...6/-/3flri4z/-/index.html
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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about time the government contained MRC otherwise... we will see a niger delta kind of thingy
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Oil and gas exploration company to make a big announcement
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