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OIL Officially found in TURKANA
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a4architect.com
#121 Posted : Monday, March 26, 2012 5:29:53 PM
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Africa Oil

http://www.africaoilcorp.com/s/Home.asp
As Iron Sharpens Iron, So one Man Sharpens Another.
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Mblue
#122 Posted : Monday, March 26, 2012 5:31:10 PM
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L. Turkana Resort City (Vision 2030) is in which Block? d'oh!
"..one is only poor only if they choose to be.."-Dolly Partron
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mnandii
#123 Posted : Monday, March 26, 2012 5:37:26 PM
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nostoppingthis wrote:
Let's shun tribalism.We are all Turkanas!

Laughing out loudly Laughing out loudly Laughing out loudly
Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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murchr
#124 Posted : Monday, March 26, 2012 5:39:14 PM
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a4architect.com wrote:
Anyone knows the owner of the other 50% i.e Africa Oil? Tullow own 50% interest while Africa Oil has the rest...


Africa Oil is registered in Canada....no details of the owners tho. This is the 3D pic of Ngamia

http://www.africaoilcorp.../IMG-20111213-00050.jpg
"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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Njung'e
#125 Posted : Monday, March 26, 2012 5:42:11 PM
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nostoppingthis wrote:
Let's shun tribalism.We are all Turkanas!


I knew you were my cousin all along.....Time to go back to our ancestral land (Lokichar)smile

@A4,

The block borders Pokot and Samburu as you say but not this particular location.
Nothing great was ever achieved without enthusiasm.
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fantony
#126 Posted : Monday, March 26, 2012 5:42:46 PM
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Nyeri men now opting for Turkana women. #TurkanaOil
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S.Mutaga III
#127 Posted : Monday, March 26, 2012 5:53:07 PM
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Joined: 3/26/2012
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Hold your horses until the economic viability is ascertained by drilling multiple wells...but it is still good news after all.
A successful man is not he who gets the best, it is he who makes the best from what he gets.
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a4architect.com
#128 Posted : Monday, March 26, 2012 5:58:33 PM
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its obviously economically viable..the explorations in Lamu and Isiolo havent yielded much as in economically viable ammounts..this is most definitely very viable and larger than Unganda's

http://www.bbc.co.uk/news/world-africa-17513488

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Njung'e
#129 Posted : Monday, March 26, 2012 5:59:37 PM
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Various websites claim the oil was found at 20 metres....Laughing out loudly ...Bure kabisa!
Nothing great was ever achieved without enthusiasm.
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a4architect.com
#130 Posted : Monday, March 26, 2012 6:03:19 PM
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20m ni depth ya kuchota na ndoo..LOL..btw what if Kenya Govt allows for indigenous Kenyans to import rigs then mine the oil instead of relying on akina Tullow?..just asking...
As Iron Sharpens Iron, So one Man Sharpens Another.
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Sufficiently Philanga....thropic
#131 Posted : Monday, March 26, 2012 6:07:22 PM
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Cant wait to see the banks rushing there to set up branches!
I imagine JM of member has already convened a board meeting on the same!LMOILIBYA!
@SufficientlyP
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kyt
#132 Posted : Monday, March 26, 2012 6:07:25 PM
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i have a dream that one litre of oil cost 10 shillings...... i have a dream!!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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tycho
#133 Posted : Monday, March 26, 2012 6:14:39 PM
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Since the central government is to play guarantor for county loans, 'we' may need a strong man at the helm - meaning a stronger central government - lest the proceeds go to white elephant projects and the like.

County governors will need to be more visionary and the whole country will need to develop synergies quickly; but is this possible given our political and economic models?

The situation is like having talent but lacking the discipline to use it to excel. So, in the end most of us will be waiting for benefits to trickle down through fat cat fingers.
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pariah
#134 Posted : Monday, March 26, 2012 6:23:29 PM
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Governor of Turkana will the biggest job Kenya
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murchr
#135 Posted : Monday, March 26, 2012 6:28:43 PM
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kyt wrote:
i have a dream that one litre of oil cost 10 shillings...... i have a dream!!


Kenyans its time we said



"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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jamplu
#136 Posted : Monday, March 26, 2012 6:43:01 PM
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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






Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly
whoa! that's just the best
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tajiri
#137 Posted : Monday, March 26, 2012 7:01:20 PM
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This is the best news we have heard in a long time. However let us not be too optimistic, as you notice the exploration block is owned by Tullow Oil and Africa Oil. That means that the rights have already been sold as someone has already benefitted from the deal. It may be a deal similar to Uganda where the country will only get a pittance from taxes which we dont know what was agreed. You may recall that some cabinet ministers had been allocated oil exploration blocks that they sold on. These issue was highlighted in The East African recently..
At least the Northern frontiers and Kapenguria will get some services and infrastructure. These parts of the country have been neglected by successive governments. The only form of government these parts of the government has been NGOs and churches.
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Njung'e
#138 Posted : Monday, March 26, 2012 7:07:44 PM
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@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.
Nothing great was ever achieved without enthusiasm.
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pariah
#139 Posted : Monday, March 26, 2012 7:11:24 PM
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any development on when tullow will list in UG?
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Muheani
#140 Posted : Monday, March 26, 2012 7:11:50 PM
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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..cant count the many times you have rescued me..the day u stop posting , i stop investing!...n yes, happy b/day.
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