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OIL Officially found in TURKANA
Sufficiently Philanga....thropic
#131 Posted : Monday, March 26, 2012 6:07:22 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
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
kyt
#132 Posted : Monday, March 26, 2012 6:07:25 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
i have a dream that one litre of oil cost 10 shillings...... i have a dream!!
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
tycho
#133 Posted : Monday, March 26, 2012 6:14:39 PM
Rank: Elder

Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
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.
pariah
#134 Posted : Monday, March 26, 2012 6:23:29 PM
Rank: Member

Joined: 11/24/2011
Posts: 833
Governor of Turkana will the biggest job Kenya
murchr
#135 Posted : Monday, March 26, 2012 6:28:43 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
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
.
jamplu
#136 Posted : Monday, March 26, 2012 6:43:01 PM
Rank: Veteran

Joined: 3/25/2010
Posts: 939
Location: Nai
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
tajiri
#137 Posted : Monday, March 26, 2012 7:01:20 PM
Rank: Member

Joined: 9/28/2007
Posts: 45
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.
Njung'e
#138 Posted : Monday, March 26, 2012 7:07:44 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@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.
pariah
#139 Posted : Monday, March 26, 2012 7:11:24 PM
Rank: Member

Joined: 11/24/2011
Posts: 833
any development on when tullow will list in UG?
Muheani
#140 Posted : Monday, March 26, 2012 7:11:50 PM
Rank: Veteran

Joined: 11/20/2009
Posts: 1,402
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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