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Estimated 71 Billion Barrels...
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Metasploit
#201 Posted : Saturday, May 26, 2012 2:16:58 PM
Rank: Veteran

Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
From the USGS report it is around 20B.
I have tried to find the USGS link with 72B.Total average for sub saharan africa is 115B but the recoverable amount is around 20B.

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
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Hunderwear
#202 Posted : Saturday, May 26, 2012 3:25:50 PM
Rank: Member

Joined: 4/14/2011
Posts: 639
@hisah which are the companies that will benefit most in this madrush in the short to mediumterm at the nse?we got to have a piece too
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gatoho
#203 Posted : Saturday, May 26, 2012 6:00:48 PM
Rank: Member

Joined: 1/1/2010
Posts: 518
Location: kandara, Murang'a
Cde Monomotapa wrote:
For the environment I am now concerned Sad From off-shore to on-shore prospects smile



Ditto
Foresight..
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guru267
#204 Posted : Sunday, May 27, 2012 8:36:18 AM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
QW25091985 wrote:
Oil ! Oil ! Oil ! Oil ! Oil ! everywhere . and what do kk shareholders get. Nothing but a kick in the butt and told adios !


No one has forced anyone to sell their KK shares.. If you still believe it has far to go you can hold your shares in the new puma subsidiary and become Non Controlling Interest (NCI)..
Mark 12:29
Deuteronomy 4:16
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youcan'tstopusnow
#205 Posted : Sunday, May 27, 2012 10:55:23 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Wow! Africa Oil is now at 10 dollars! hisah, mainat - that is not just a killing for you guys, but a massacre! Please report yourselves to the nearest police station...
GOD BLESS YOUR LIFE
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Aguytrying
#206 Posted : Sunday, May 27, 2012 10:21:49 PM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
youcan'tstopusnow wrote:
Wow! Africa Oil is now at 10 dollars! hisah, mainat - that is not just a killing for you guys, but a massacre! Please report yourselves to the nearest police station...


Wow. Very very impressive returns
The investor's chief problem - and even his worst enemy - is likely to be himself
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hisah
#207 Posted : Monday, May 28, 2012 5:46:55 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Wow! Africa Oil is now at 10 dollars! hisah, mainat - that is not just a killing for you guys, but a massacre! Please report yourselves to the nearest police station...

We're trying very hard to stay below the radar, but you're blowing our cover... Shhhh...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#208 Posted : Monday, May 28, 2012 5:51:48 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Hunderwear wrote:
@hisah which are the companies that will benefit most in this madrush in the short to mediumterm at the nse?we got to have a piece too

Financials, construction/real estate and oil industry SMEs. I don't have a short term outlook since the industry will take 5-7yrs before any concrete revenues flow.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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shocks
#209 Posted : Tuesday, May 29, 2012 12:30:30 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
There is no end to this, more good news,what does the beatitudes say about the patient, will they inherit the oil?

http://www.businessdaily...+in+Ngamia+1+exploration
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hisah
#210 Posted : Tuesday, May 29, 2012 12:36:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quote:
The country will, however, know whether the find is commercially viable next month.

Tullow said it expects to complete drilling ‘‘in three weeks time’’.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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