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Estimated 71 Billion Barrels...
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Mainat
#151 Posted : Sunday, April 01, 2012 8:20:00 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
A $12 year-end close here would be aweshome.
Also look out for Africa Mining and Exploration-its having a temporary blip due to the coup in Mali. Ideal buying time.
Outside Africa, try Solomon Gold
Sehemu ndio nyumba
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Bachuma Gate
#152 Posted : Monday, April 02, 2012 8:35:46 PM
Rank: Member

Joined: 3/26/2012
Posts: 280
Guys this thing is for real. I have spent a whole day researching and checking the Chris Dehaemer's claim with industry ifo.

Let us not be left behind. If you donot have the money to invest make sure you get gain a profession into this industry or atleast your relative. Lots of jobs are coming.

Its a big thing believe you me.

http://www.africaoilcorp...tation-November-2011.pdf
DOH
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murchr
#153 Posted : Wednesday, April 04, 2012 12:56:51 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
British oil company,Ophir Energy Plc has raised 20 billion shillings to drill oil in Kenya and Tanzania after Tullow oil and Africa oil discovered high quality oil in Kenya’s Turkana County.

Africa-focused oil and gas firm Ophir Energy Plc plans to acquire more oil exploration blocks in Kenya which now has become a hotbed for oil exploration.

http://intelligencebriefs.com/?p=2080
"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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hisah
#154 Posted : Wednesday, April 04, 2012 3:03:34 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
So we have an increase in gulf region daily flights to and fro Nairobi. Then the americans follow suit...

http://www.capitalfm.co....s-in-a-couple-of-months/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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RVP
#155 Posted : Wednesday, April 04, 2012 5:47:19 PM
Rank: New-farer

Joined: 5/3/2010
Posts: 69
@hisah, @mainat and other experts what do you think is the gravity of political risks facing Africa Oil in the wake of the current negative publicity on windfall profits that have dominated newspaper headlines? Could they fall victim to populist government decisions like Githae threatened recently?
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hisah
#156 Posted : Thursday, April 05, 2012 8:49:04 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@RVP - As long as EA is sitting on a lake of hydrocarbons (gas & oil) it would be foolish to have bad politics supported by anyone. The potential investment return is far much greater than warmongering. Why is KDF in somaliland? Sudan & S. Sudan current tension will as well be nipped asap else Sudan will face econ sanctions. And without oil, they'd sink in a few months under tough sanctions.

The estimated 72 billion barrels is an investment better managed by shared responsibility rather than senseless politics. All involved stand to benefit so I don't see EA going the Nigeria or Angola way.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rahatupu
#157 Posted : Thursday, April 05, 2012 10:21:08 AM
Rank: Veteran

Joined: 12/4/2009
Posts: 1,982
Location: matano manne
hisah wrote:
@RVP - As long as EA is sitting on a lake of hydrocarbons (gas & oil) it would be foolish to have bad politics supported by anyone. The potential investment return is far much greater than warmongering. Why is KDF in somaliland? Sudan & S. Sudan current tension will as well be nipped asap else Sudan will face econ sanctions. And without oil, they'd sink in a few months under tough sanctions.

The estimated 72 billion barrels is an investment better managed by shared responsibility rather than senseless politics. All involved stand to benefit so I don't see EA going the Nigeria or Angola way.


We need to fix our security asap. We cannot get it right if Al shabaab strike at will and the threat of sabotage by foreign interests is high, very high. The West's clout on Kenya's economic and diplomatic direction will wane and hence they may tend to destabilize nairobi in all manner of ways. Our neighbours will find it more difficult to catchup once the oil find triggers other economic boom. This may be a panacea for economic sabotage and espionage prompting conflict.
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hisah
#158 Posted : Monday, April 16, 2012 9:44:01 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Bahari resources ltd - a kE firm licensed to prospect offshore oil in Comoros. Hmmm... Who they? Which other firms do their directors own? Follow the money...

http://www.theeastafrica...60/-/o1gm0r/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Metasploit
#159 Posted : Monday, April 16, 2012 9:53:54 AM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
A portion of the acreage licensed to Bahari is adjacent to Anadarko’s Area 1 and ENI’s Area 4 in Mozambique; both have seen 15 or more trillion cubic feet in discoveries on their blocks

http://www.petroleumafri...=13283&format=print

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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murchr
#160 Posted : Monday, April 16, 2012 5:52:47 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
[quote=hisah]Bahari resources ltd - a kE firm licensed to prospect offshore oil in Comoros. Hmmm... Who they? Which other firms do their directors own? Follow the money...

http://www.theeastafrica...0/-/o1gm0r/-/index.html[/quote]

I saw this and was impressed. However, i think they will eventually sell to the giants after oil finds are discovered near the area.
Remember oil is found in certain geological places
"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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