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OIL Officially found in TURKANA
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hisah
#191 Posted : Tuesday, March 27, 2012 3:04:14 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kingfisher wrote:
when will this news have a north bound effect on the KES?

KES will revert to 90s due to food inflation and oil inflation. Oil revenues will shore up the coffers in 5-7yrs time. So the immediate way of least resistance for KES esp in 2012 is to lose strength. And it will happen as soon as CBK starts reducing the CBR.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Gatheuzi
#192 Posted : Tuesday, March 27, 2012 3:07:59 PM
Rank: Veteran

Joined: 8/16/2009
Posts: 994
jamplu wrote:
Gatheuzi wrote:
jamplu wrote:
let the frenzy for mashamba begin in TURKANA.......LMAO
Kenyans!!


Most of the land around the area will be acquired compulsorily by gava.



@Gatheuzi don't be shocked to see on flood of ads on dealfish and the newpapers of an acre going for 1M in turkana....Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly Laughing out loudly


Can we start that bizna!!!Laughing out loudly Laughing out loudly
Time is money, so money is time. Money saved is time gained in reverse! Money stores your life’s energy. You expend your energy, get paid money, and store that money for a future purchase made in a currency.
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youcan'tstopusnow
#193 Posted : Tuesday, March 27, 2012 4:19:58 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Turnover actually went down.
hisah, how long did it take for Mongolia stocks to start zooming? Hehesmile
GOD BLESS YOUR LIFE
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mlennyma
#194 Posted : Tuesday, March 27, 2012 4:28:59 PM
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Joined: 7/21/2010
Posts: 6,194
Location: nairobi
There remains only one dark cloud that is politics of hatred and war between 3 warlords.
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kyt
#195 Posted : Tuesday, March 27, 2012 4:56:33 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
theman192000 wrote:
GGK wrote:
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


GGK while I agree with you that 10bob/litre is a bit of a stretch, I don't buy the rest of your argument.

Is the current price of 57/- the production cost or the FOB price?

We know that bank employees get loans below base lending rates.

Note like you've rightly indicated the import bill will reduce and strengthen the shilling so that 10 bob will be more valuable down the road.

GGK, you realize that in venezuela, it costs 5 shilling per litre? i dont see why we cant have 10 bob per litre.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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brav
#196 Posted : Tuesday, March 27, 2012 5:19:52 PM
Rank: Veteran

Joined: 11/26/2008
Posts: 745
Quote:
Insurgent wrote:
Kenya, which has not been producing oil has been having a refinery. Now that Tullow (British company) has the Turkana oil find drilling rights, will they be taking the oil to Britain for refining and eventually sell to the rest of the world and Kenya? If they do so, we are done.


Insurgent i thought i heard Tullow Inc is an irish company not british.



OKAY, Kenya, which has not been producing oil has been having a refinery. Now that Tullow (IRISH company) has the Turkana oil find drilling rights, will they be taking the oil to Ireland for refining and eventually sell to the rest of the world and Kenya? If they do so, we are done.
smile
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youcan'tstopusnow
#197 Posted : Tuesday, March 27, 2012 5:37:39 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
kyt, I think that has more to do with Chavez's socialist policies.
Kwa maoni yangu, sioni tukiadopt such...
GOD BLESS YOUR LIFE
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youcan'tstopusnow
#198 Posted : Tuesday, March 27, 2012 5:58:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Tanzania plans September offshore oil licensing round
http://af.reuters.com/ar...s/idAFJOE82Q05M20120327
GOD BLESS YOUR LIFE
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  | | Edit by user: Tuesday, March 27, 2012 6:00 PM | Reason: Not specified
youcan'tstopusnow
#199 Posted : Tuesday, March 27, 2012 6:03:07 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Tullow sees small Uganda production from late 2012
http://af.reuters.com/ar...s/idAFJOE82Q04020120327
GOD BLESS YOUR LIFE
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hisah
#200 Posted : Tuesday, March 27, 2012 7:10:29 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Turnover actually went down.
hisah, how long did it take for Mongolia stocks to start zooming? Hehesmile


4 years. Boy when the bull came, it was a bison smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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