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Estimated 71 Billion Barrels...
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murchr
#441 Posted : Tuesday, August 21, 2012 6:23:18 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Afren Plc (AFR), a U.K.-based oil and gas company focused on Nigeria and Iraq, more than doubled its East African resource estimate to 5.8 billion barrels of oil equivalent after new analysis and seismic examinations

In Kenya’s Blocks L17 and L18, the resources estimate was raised to 1.1 billion barrels from 94 million barrels, while the company is carrying out “3D seismic offshore” exploration works, Chief Executive Officer Osman Shahenshah said.

"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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Nabwire
#442 Posted : Tuesday, August 21, 2012 9:35:34 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Murchr for some reason the link is not opening up. I hope hujaniapatia a 500 page document to read, utashangaa in such instances I just read the headlines, skim through and read the footnotes.And thanks for the updates, looks like in October mambo yatakuwa moto moto
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murchr
#443 Posted : Tuesday, August 21, 2012 9:39:49 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nabwire wrote:
Murchr for some reason the link is not opening up. I hope hujaniapatia a 500 page document to read, utashangaa in such instances I just read the headlines, skim through and read the footnotes.And thanks for the updates, looks like in October mambo yatakuwa moto moto



Ndio hii
And yes Oct will be a very good month smile
"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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Nabwire
#444 Posted : Tuesday, August 21, 2012 9:46:32 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Argh bado imekataa, will give you a report in a couple of days nikiifungua. Ulinunua Camac, coz iko next to this L8 and also close to L17, so hizo Apache and Afren zikiwa na good news, it should trickle down to Camac pia.
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murchr
#445 Posted : Tuesday, August 21, 2012 9:55:51 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nabwire wrote:
Argh bado imekataa, will give you a report in a couple of days nikiifungua. Ulinunua Camac, coz iko next to this L8 and also close to L17, so hizo Apache and Afren zikiwa na good news, it should trickle down to Camac pia.


Yap..na bei ni mzuri sana leo, its in the red
"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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murchr
#446 Posted : Wednesday, August 22, 2012 6:18:35 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980


@Nabwire Umeona press release the news is very glossy
"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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Nabwire
#447 Posted : Wednesday, August 22, 2012 11:43:13 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Wow lets drink to that. Sikuwa nimeona hiyo but ION Simba is also fairing well

http://finance.yahoo.com...il-seeps-132000202.html

http://finance.yahoo.com...e-seismic-132000522.html
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hisah
#448 Posted : Friday, August 24, 2012 7:57:22 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.nation.co.ke/.../-/3d1s8bz/-/index.html

Quote:
According to a research note by Citi, the company (Africa Oil) has increased its overall prospective resource base to 9.3 billion barrels, up from 3.7 billion barrels it had earlier estimated for its total blocks.


I never thought this thread would run beyond 10 posts smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#449 Posted : Friday, August 24, 2012 8:08:27 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Quote:
“If results of the next three drills are as good as Ngamia 1 then the overall oil finds will be tending towards commercial confirmation,” said Mr Wachira.


http://www.businessdaily...6/-/uytk4k/-/index.html

AfDB to support East Africa joint oil infrastructure plan - http://www.theeastafrica...4/-/nh328w/-/index.html

Funding convergence... Final signals smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#450 Posted : Tuesday, August 28, 2012 2:35:58 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Africa Oil Second Quarter of 2012 Financial and Operating Results
http://www.stockhouse.co...esDetail.aspx?n=8599140
GOD BLESS YOUR LIFE
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