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Estimated 71 Billion Barrels...
Rank: Veteran Joined: 3/26/2012 Posts: 985 Location: Dar es salaam,Tanzania
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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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Rank: Member Joined: 4/14/2011 Posts: 639
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@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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Rank: Member Joined: 1/1/2010 Posts: 511 Location: kandara, Murang'a
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Cde Monomotapa wrote:For the environment I am now concerned  From off-shore to on-shore prospects  Ditto Foresight..
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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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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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Elder Joined: 7/11/2010 Posts: 5,040
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Member Joined: 3/15/2009 Posts: 360
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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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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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Interesting stuff from Keith Hill Africa Oil http://www.youtube.com/watch?v=h0PO83XS6z4
latest find showed oil and gas over a gross interval of 140 metres from a depth of 1,800 metres to 1,940 metres...has likely only just entered the top of the target reservoir “This is an important, positive update, as without even having drilled the target reservoir, the well has already encountered oil/gas across sections multiple times the thickness of that seen throughout Uganda, its nearest analogous basin,”...Morgan Stanley
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Rank: Member Joined: 2/20/2008 Posts: 84
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hisah wrote: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... Not sure whether a 571% increase in just 6 months would let you stay below the radar.... Congratulations to you both  Africa Oil - 6 MonthsI need to watch and learn... Life and beer are very similar........chill for best results.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Great stuff Hisah!!! I have never bothered to read thru this thread, and all that money has slipped away.. you should have directed me here instead of debating on Treasury bills.
Anywho, looks like Africa Oil bus is well on its way, what do you think of CAMAC? How do they compare to Africa Oil? I dont have any energy stocks and it would be nice to get into this game especially since Kenya is involved. Does Africa Oil hold the majority of the blocks or is there room for smaller companies? Basically, should I jump onto the Africa Oil bandwagon ( doesnt sound like a good idea since the stock has already shot up) or are there other companies to watch out for that still have potential? Or does Africa oil still have ALOT of room for growth??
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Great stuff Hisah!!! I have never bothered to read thru this thread, and all that money has slipped away.. you should have directed me here instead of debating on Treasury bills.
Anywho, looks like Africa Oil bus is well on its way, what do you think of CAMAC? How do they compare to Africa Oil? I dont have any energy stocks and it would be nice to get into this game especially since Kenya is involved. Does Africa Oil hold the majority of the blocks or is there room for smaller companies? Basically, should I jump onto the Africa Oil bandwagon ( doesnt sound like a good idea since the stock has already shot up) or are there other companies to watch out for that still have potential? Or does Africa oil still have ALOT of room for growth?? Go through the clip posted by mkonomtupu then u make a choice "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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Murchr are you saying that ALL of the companies listed have the same potential?
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Murchr are you saying that ALL of the companies listed have the same potential? I just asked u to listen to the CEO giving a presentation to investors.....on potential u will discover that its HUGE in Africa Oil but am not comparing it to any other.. "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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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OK thanks, lemme go watch that.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote: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’’. Yah. Ni poa tukae tukijua b4 we incarriage too many mamaz (wealth effect)
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nabwire wrote:Great stuff Hisah!!! I have never bothered to read thru this thread, and all that money has slipped away.. you should have directed me here instead of debating on Treasury bills.
Anywho, looks like Africa Oil bus is well on its way, what do you think of CAMAC? How do they compare to Africa Oil? I dont have any energy stocks and it would be nice to get into this game especially since Kenya is involved. Does Africa Oil hold the majority of the blocks or is there room for smaller companies? Basically, should I jump onto the Africa Oil bandwagon ( doesnt sound like a good idea since the stock has already shot up) or are there other companies to watch out for that still have potential? Or does Africa oil still have ALOT of room for growth?? Wow! @Nabwire has congratulated me I hope @cde didn't see this. Sitaki shida
I'll check on your suggestions and also see if I can throw in something. I deliberately named this thread 71 billion barrels so that people look at the whole EA as a goldmine, but few got the point except @mainat... Read from post 1. I have also been dropping some stock hints in the thread. So you'll have to go throw it - many pages
Hope now everyone is on the same page after the Tullow find. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Ahh Hisah, wacha kuleta mchezo kwa kazi, hii ni biashara!! I'm trying to retire before I graduate, ama I may even follow your footsteps and just drop out Pliz nijibiye hizo maswali, and also what was your criteria for picking Afri oil over Tullow? I know zilch about energy stocks, so whats the difference between these two companies? And what percentage does Afri have as opposed to Camac? Najua maswali ni mengi!!! By the way how come Afri has no financial docs, atleast they are not on Yahoo?? Its down almost 10% for the day, here's to hoping it keeps bleeding so we can jump onto the bus I wish you would have given this thread a non boring title, kitu kama Arab money: the Kenyan edition...haha thats alot of money that just passed!! Lastly this Christian guy, with your killing, si you guys subscribe to that newsletter and tell us his next hot pick?? Yani all my stocks are bleeding and the thought of selling them while in the red is killing me!! But I'm loving a 500%+ increase. By the way I read the entire 11 pages in one sitting, and there was alot of mentions! Si uniambie tu roho safi, or else nikuanza kusoma tena
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Estimated 71 Billion Barrels...
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