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Estimated 71 Billion Barrels...
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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murchr wrote:Nabwire wrote:Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!!  , Tullow confirmed yesterday that they've stopped drilling due to a geographical formation which is located 400m to their target of 2700m. So according to the Nice man working there...the oil was jerking off seriously at 2340 he dint say anything about the geo formation but he alerted people to expect good news. Meanwhile...don't complain about the stock going down just know its your time to get in..remember the global oil prices have been going down and that is causing some panic Thanks alot Murchr, atleast I understand abit better now! So despite the geographical formation, oil is still coming to surface, isnt there some kind of machine that can remove or drill through that formation? So they were able to get oil at a lower level (2340) than their expected level (2700) This must be good news coz Tullow is up almost 5% and Simba is up too!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:murchr wrote:Nabwire wrote:Ghai someone translate in plain English or Swa, I dont understand the whole 2340 meter jargon!!! Does it mean this is a good thing? How come the employee has conflicting views with the post that Robinhood posted? Ama they are trying to force the price down?? My gut tells me a rally is in the offing. The twitter account was posted on the 25th, yet the stocks have been going down down.....hmmm looks like the price is being forced down for a good entry point, si washukishe africa oil mpaka shillingi tano jamani!! , Tullow confirmed yesterday that they've stopped drilling due to a geographical formation which is located 400m to their target of 2700m. So according to the Nice man working there...the oil was jerking off seriously at 2340 he dint say anything about the geo formation but he alerted people to expect good news. Meanwhile...don't complain about the stock going down just know its your time to get in..remember the global oil prices have been going down and that is causing some panic Thanks alot Murchr, atleast I understand abit better now! So despite the geographical formation, oil is still coming to surface, isnt there some kind of machine that can remove or drill through that formation? So they were able to get oil at a lower level (2340) than their expected level (2700) This must be good news coz Tullow is up almost 5% and Simba is up too! Oil started showing up even b4 they hit 1000m thats why they had a sample in March. On getting the oil through the formation, yes they can, i guess they want to be to know and be sure of what it is. Meanwhile, they also stated that they will begin drilling Twiga 1... "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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Last question what is the differenc between Tullow and Africa oil? Are they in partnership on all their projects?? Would it be wise to buy Tullow over Afri for example? As in which one is the bigger brother? Asante sana!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:Last question what is the differenc between Tullow and Africa oil? Are they in partnership on all their projects?? Would it be wise to buy Tullow over Afri for example? As in which one is the bigger brother? Asante sana! Tullow and Africa Oil have a 50:50 sharing agreement on Block 10BB...i dont know which other block they share but if u i'd advise to get tullow too its success rate is excellent and it also has a share of Mbawa well block L8 whose result is a min of 4.9BBO "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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L8 is co owned with Africa oil right? Ai jamani pesa hazitoshi kununua both. Pliz keep us updated at every turn, you seem to know alot about this oil exploration!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nabwire wrote:L8 is co owned with Africa oil right? Ai jamani pesa hazitoshi kununua both. Pliz keep us updated at every turn, you seem to know alot about this oil exploration! Block L8 Pesa haitawahi tosha "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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sawa wacha nikasome, seems like you are saying Tullow is better investing wise than Africa oil. Hii kazi si rahisi, lemme go look over the map of blocks again.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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 "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: 3/26/2012 Posts: 1,182
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Metasploit wrote:http://intelligencebriefs.com/?p=2581
Tullow Oil Facing Problems in Kenya, Turkana Threats of Sabotage
June 27 | Posted by David Goldman | Energy Intelligence
Tullow Oil of Britain is facing threats in Kenya as it farms for oil in the block at the Lokichar basin, Intelligence reports confirm.
The British oil company found oil pay in the block and are in the process of drilling deeper in the wells to confirm commercial viability of the high quality oil.
The Turkana community, a war-community has threatened to sabotage operations at the drilling site besides block any form of operations by the oil exploration company.
There are fears of sabotage and Tullow is taking the Kenyan government to task over these threats.
The contract to explore the oil in Kenya is between the government of Kenya and Tullow oil Plc of Britain, the Turkana community is not aforementioned in the formal contract as key players in the exploration contract.
Tullow Oil has entered into formal talks with the government of Kenya and the local community to identify modalities to fend off the animosity.
The Turkana people are claiming that they were never consulted and informed about the oil exploration and how they would benefit since the discovery and subsequent production would be a direct boon to their socio-economics.
The land in which the oil was found is our cultural heritage and we should part of the process, the leaders of the community reiterate.
The Government of Kenya will provide a solution to the problem to safeguard Tullow Oil’s interests and its interests in the exploration efforts.
??!!! A war community? Talk of sensationalism.
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Rank: Veteran Joined: 12/4/2009 Posts: 1,982 Location: matano manne
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mkeiyd wrote:Metasploit wrote:http://intelligencebriefs.com/?p=2581
Tullow Oil Facing Problems in Kenya, Turkana Threats of Sabotage
June 27 | Posted by David Goldman | Energy Intelligence
Tullow Oil of Britain is facing threats in Kenya as it farms for oil in the block at the Lokichar basin, Intelligence reports confirm.
The British oil company found oil pay in the block and are in the process of drilling deeper in the wells to confirm commercial viability of the high quality oil.
The Turkana community, a war-community has threatened to sabotage operations at the drilling site besides block any form of operations by the oil exploration company.
There are fears of sabotage and Tullow is taking the Kenyan government to task over these threats.
The contract to explore the oil in Kenya is between the government of Kenya and Tullow oil Plc of Britain, the Turkana community is not aforementioned in the formal contract as key players in the exploration contract.
Tullow Oil has entered into formal talks with the government of Kenya and the local community to identify modalities to fend off the animosity.
The Turkana people are claiming that they were never consulted and informed about the oil exploration and how they would benefit since the discovery and subsequent production would be a direct boon to their socio-economics.
The land in which the oil was found is our cultural heritage and we should part of the process, the leaders of the community reiterate.
The Government of Kenya will provide a solution to the problem to safeguard Tullow Oil’s interests and its interests in the exploration efforts.
??!!! A war community? Talk of sensationalism. . talk of negative energy....
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