Keep watching the EA oily games... Do the skeptics still think all these oil majors lining up for a piece of action are investing in guess work... Wait until the 70 floor building comes up

Quote:Tullow's find in Uganda is attracting other explorers to the region.About 14 companies including Anadarko, Vancouver- based Vanoil Energy Ltd. and Afren have signed 26 production- sharing agreements with Kenya, the country's Petroleum Commissioner Martin Heya said in August.
"The early indications we have in the rift basin is that they are
generally oil prone," said Africa Oil Chief Executive Officer Keith
Hill. Royal Dutch Shell Plc and Amoco Corp., now part of BP Plc,
drilled wells in Kenya and recovered oil in the early 1990s, according
to Hill.
The partners last month started drilling the Ngamia-1 well in Kenya's Block 10BB, part of a plan for two wells in Kenya and one in Ethiopia this year. It will take at least 60 days to drill and the rig will then move to spud the Paipai-1 well in Block 10A in the second quarter. It will be "a multi-year exploration program," Tullow Chief Operating Officer Paul McDade said.
Premier Oil Plc and partners including BG Group Plc and Cove Energy
Plc are exploring off Kenya and hoping that gas discoveries made to
the south in Tanzania and Mozambique are stretching into their waters.
In Kenyan "deeper-water offshore we are convinced it will be gas if it works," said Premier CEO Simon Lockett. "But in the shallow section there is a potential for oil."
Tullow Seen Beating Peers With $30 Billion Africa Find -->
http://www.sfgate.com/cg...LYGHC41A1I4I01-LZJSC.DTL$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!