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OIL Officially found in TURKANA
Rank: Elder Joined: 2/7/2007 Posts: 11,935 Location: Nairobi
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pariah wrote:any development on when tullow will list in UG? I would rather they start with NSE....and this is certain to happen.They listed in Ghana months after hitting oil in an oversubscribed IPO....Ghanaians are able to share the cake with Tullow na sasa tunaomba serikali iingilie katikati  Nothing great was ever achieved without enthusiasm.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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murchr wrote:kyt wrote:i have a dream that one litre of oil cost 10 shillings...... i have a dream!! Kenyans its time we said  Reminds me of the social media movie, the bizn card of "mark zuckerberg" was "i'm the CEO bitch" LOiL!!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 3/2/2009 Posts: 26,325 Location: Masada
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gmimo wrote:Shhhhhhh...Americans are listening don't shout.... They will withdraw travel advisory to Kenya with immediate effect!!  Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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this may as well rank as the fastest growing thread post stockskenya era 145 posts in 6 hrs ~take abow!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Member Joined: 7/5/2008 Posts: 390
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kyt wrote:this may as well rank as the fastest growing thread post stockskenya era 145 posts in 6 hrs ~take abow!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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kyt wrote:i have a dream that one litre of oil cost 10 shillings...... i have a dream!! AMEN!
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Rank: Member Joined: 11/24/2011 Posts: 833
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the hate being spewed by kaka chuse and co. on Jamii forums about this oil find is just the one, !!!! Wa Tz wana shida kweli
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Member Joined: 11/21/2006 Posts: 608 Location: Ruiru
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who is saying oil will petrol will cost 10bob/litre? the current crude prices is about 107$per barrel=>57/=per litre. add refinery cost, taxes, transport & dealers cuts n we'd be lucky to get it at 80/= per litre. the oil find is important coz millions of dollars spent on importation will remain here releasing pressure on our forex reserve. this can only be anything but bad "..I am because we are. "― Ubuntu, Umtu,
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Gordon Gekko wrote:Show me any oil-producing African country that has ever prospered my two cents http://en.wikipedia.org/...es_by_GDP_%28nominal%29
Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde, seems oil is well here;-) GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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First Turkana. Next? Offshore?... GOD BLESS YOUR LIFE
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Rank: Member Joined: 1/22/2008 Posts: 45
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Be optimistic. We could be the first.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:First Turkana. Next? Offshore?... Kazi Iendelee! Usipotee hivyo lakini.
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Oaks wrote:Be optimistic. We could be the first. @Oaks I wanted to prove that most top ten African countries in GDP(Nominal) are also top ten oil producers http://www.africapedia.c...S-TOP-TEN-OIL-PRODUCERS
With a good government (strong leadership) we could go to top 5, given that we are already a manufacturing economy......twitter trending aside (offcourse its a good laugh), my opinion is that if, the discovery is substantial for exploration then GoK might as well revise vision 2030 downwards to say, vision 2018 Dumb money becomes dumb only when it listens to smart money
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Rank: Chief Joined: 8/24/2009 Posts: 5,909 Location: Nairobi
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Njung'e wrote:Various websites claim the oil was found at 20 metres....  ...Bure kabisa! labda mafuta ya kukamua ng'ombe!!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde, seems oil is well here;-) Oil is well ma broda. Infact, just got off the phone with Busta n' we'll be releasing "Kenyan money" Arab money remix. LOiL!!
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Rank: Veteran Joined: 1/20/2011 Posts: 1,820 Location: Nakuru
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Fyatu wrote:Oaks wrote:Be optimistic. We could be the first. @Oaks I wanted to prove that most top ten African countries in GDP(Nominal) are also top ten oil producers http://www.africapedia.c...S-TOP-TEN-OIL-PRODUCERS
With a good government (strong leadership) we could go to top 5, given that we are already a manufacturing economy......twitter trending aside (offcourse its a good laugh), my opinion is that if, the discovery is substantial for exploration then GoK might as well revise vision 2030 downwards to say, vision 2018 a better metric to underline the point: http://en.wikipedia.org/...ntries_by_GDP_%28PPP%29
Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 9/19/2006 Posts: 18
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I'll remain focused on growing coffee as more Kenyans rise to the middle class, and selling machine cut stones. Ignore things home made because of oil at your own peril. This wealth will translate to more houses and more coffee drinking. Ride the crest folks.
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Rank: Veteran Joined: 10/17/2008 Posts: 1,234
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Njung'e wrote:@A4,
It all depends on the way the goverment has it on agreement.In the case of UG,Tullow went into a production sharing agreement.Being whom they are,they invited Total and CNOOC in an agreement known as farmdown (Sharing the spoil)....but M7 took them through a tough 18 months as Tullow wanted to export the crude while M7 was for a refinery to benefit the region.He got his way but even then,Tullow still earned 310m USD for the farmdown grimiti which in turn availed capital for building the refinery. Guka, it's called Farmout and the opposite is of course Farmin.
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OIL Officially found in TURKANA
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