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Estimated 71 Billion Barrels...
Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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In 2012 AOI rallied after black gold was struck in KE. With oil price crash, oil stocks also nosedived presenting another buying round chance  Let me continue building the retirement nest. I'll stop loading up in 2018. @mainat hope you can see the 2nd golden chance after cashing out with fat profits a while back $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 12/11/2006 Posts: 873
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Angus McCoss, Exploration Director wrote:“This is the most significant well result to date in Kenya outside the South Lokichar basin. Encountering strong oil shows across such a large interval is very encouraging indeed. I am delighted by this wildcat well result and the team are already working on our follow-up exploration plans for the Kerio Valley Basin.” “Invest in yourself. Your career is the engine of your wealth.”
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Rank: Member Joined: 7/17/2011 Posts: 627 Location: Mbui-Nzau, Kikumbulyu
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These basins flow all the way through the Rift to Lake Malawi (remember the tiff over the lake between TZ and Malawi)...through to the Mozambique gas fields...makes sense to have multiple pipelines both to Tanga and the Lappset one.
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Rank: Veteran Joined: 4/4/2007 Posts: 1,162
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Rank: Member Joined: 12/11/2006 Posts: 873
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Africa Oil Announces Significant Increase 2C Oil Resources“Invest in yourself. Your career is the engine of your wealth.”
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Reuters wrote:French major Total (TOTF.PA) has agreed to buy East African oil retailer Gulf Africa Petroleum Corp (Gapco) from Reliance Industries (RELI.NS) for an undisclosed amount as it seeks to strengthen its presence in the continent. Reliance, which has 76 percent stake in Gapco, and the minority shareholders have agreed to sell their holding for cash to Total, the Indian company said in a statement on Tuesday. The two companies said the transaction is yet to be approved by authorities........................... Gapco's assets in Tanzania, Kenya and Uganda include logistic terminals, 108 fuel stations, and 260,000 kilolitres of storage capacity. Total currently operates a network of more than 4,000 fuel stations in Africa. "Although Africa's overall oil demand is low by global standards, the continent's oil demand growth rates are very high, having risen by around 50 percent over the last decade to almost 4 million barrels per day (bpd)," BP said in a report.
@hisah what do you make of this? Esp given this NGO story came out recently More here"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: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Reuters wrote:French major Total (TOTF.PA) has agreed to buy East African oil retailer Gulf Africa Petroleum Corp (Gapco) from Reliance Industries (RELI.NS) for an undisclosed amount as it seeks to strengthen its presence in the continent. Reliance, which has 76 percent stake in Gapco, and the minority shareholders have agreed to sell their holding for cash to Total, the Indian company said in a statement on Tuesday. The two companies said the transaction is yet to be approved by authorities........................... Gapco's assets in Tanzania, Kenya and Uganda include logistic terminals, 108 fuel stations, and 260,000 kilolitres of storage capacity. Total currently operates a network of more than 4,000 fuel stations in Africa. "Although Africa's overall oil demand is low by global standards, the continent's oil demand growth rates are very high, having risen by around 50 percent over the last decade to almost 4 million barrels per day (bpd)," BP said in a report.
@hisah what do you make of this? Esp given this NGO story came out recently More here I don't waste time focussing on sideshows. I started this thread before KE announced the hydrocarbons news. Nothing has changed in regards to pipeline this or that. The focus should be, is EA oil profitable at $15-20 range? Yes. The rest is just noise.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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hisah wrote:murchr wrote:Reuters wrote:French major Total (TOTF.PA) has agreed to buy East African oil retailer Gulf Africa Petroleum Corp (Gapco) from Reliance Industries (RELI.NS) for an undisclosed amount as it seeks to strengthen its presence in the continent. Reliance, which has 76 percent stake in Gapco, and the minority shareholders have agreed to sell their holding for cash to Total, the Indian company said in a statement on Tuesday. The two companies said the transaction is yet to be approved by authorities........................... Gapco's assets in Tanzania, Kenya and Uganda include logistic terminals, 108 fuel stations, and 260,000 kilolitres of storage capacity. Total currently operates a network of more than 4,000 fuel stations in Africa. "Although Africa's overall oil demand is low by global standards, the continent's oil demand growth rates are very high, having risen by around 50 percent over the last decade to almost 4 million barrels per day (bpd)," BP said in a report.
@hisah what do you make of this? Esp given this NGO story came out recently More here I don't waste time focussing on sideshows. I started this thread before KE announced the hydrocarbons news. Nothing has changed in regards to pipeline this or that. The focus should be, is EA oil profitable at $15-20 range? Yes. The rest is just noise. From where I sit, am wondering is Total positioning itself to be the downstream oil player in EA? "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: User Joined: 1/20/2014 Posts: 3,528
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Knowing Kenya, this Oil drilling is really behind schedule & #JP MUST get their fill before exiting!!! Building the infrastructure will be fun for some lot of people!!! Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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Rank: Member Joined: 6/14/2014 Posts: 332 Location: Nairobi
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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With 1 B barrels Kenya can build its own pipeline without relying on any of its neighbors. Watch this space.
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Rank: Veteran Joined: 8/10/2014 Posts: 953 Location: Kenya
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Liv wrote:
With 1 B barrels Kenya can build its own pipeline without relying on any of its neighbors. Watch this space. Another fat Chinese loan coming soon
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Rank: Elder Joined: 12/7/2012 Posts: 11,901
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watesh wrote:Liv wrote:
With 1 B barrels Kenya can build its own pipeline without relying on any of its neighbors. Watch this space. Another fat Chinese loan coming soon Build while eating half the money eventually making the project costly and non viable!!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 7/21/2010 Posts: 6,175 Location: nairobi
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Angelica _ann wrote:watesh wrote:Liv wrote:
With 1 B barrels Kenya can build its own pipeline without relying on any of its neighbors. Watch this space. Another fat Chinese loan coming soon Build while eating half the money eventually making the project costly and non viable!!!! and grabbing the land where the pipeline is designed to pass to get inflated compensation "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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mlennyma wrote:Angelica _ann wrote:watesh wrote:Liv wrote:
With 1 B barrels Kenya can build its own pipeline without relying on any of its neighbors. Watch this space. Another fat Chinese loan coming soon Build while eating half the money eventually making the project costly and non viable!!!! and grabbing the land where the pipeline is designed to pass to get inflated compensation
It is still good for the economy irrespective ....better for Kenya to have the pipeline rather than not have it. With inflated costs the payback period will be longer however the country will have
- better forex inflows from oil exports - support for KES
- employment from the pipeline and associated industries
- Some extra revenue stream for both national and county governments
- GDP growth.
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Rank: Elder Joined: 7/23/2008 Posts: 3,017
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I get the feeling that Tullow are holding back. There must be much much oil reserves in this area. Their confidence in the Turkana region is rather high and its not surprising that they are back to discovering oil just as the global prices begin to look up "The purpose of bureaucracy is to compensate for incompetence and lack of discipline." James Collins
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:70 storey building coming next to you for the crème de la crème. How many will believe this Jan 31 2012.
The stars continue to line up
http://bit.ly/2mcNUU4
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:hisah wrote:70 storey building coming next to you for the crème de la crème. How many will believe this Jan 31 2012.
The stars continue to line up
http://bit.ly/2mcNUU4
Unbelievable yet you said it The investor's chief problem - and even his worst enemy - is likely to be himself
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Aguytrying wrote:hisah wrote:hisah wrote:70 storey building coming next to you for the crème de la crème. How many will believe this Jan 31 2012.
The stars continue to line up
http://bit.ly/2mcNUU4
Unbelievable yet you said it KE has a long way to go if you have a 20 year patience outlook! EA is a mini china in the making!$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Estimated 71 Billion Barrels...
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