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Estimated 71 Billion Barrels...
Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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  "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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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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 @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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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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 $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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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 $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Plans to drill Pai Pai and no success in Puntland. Maji kwa wingi tho "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: Elder Joined: 2/26/2012 Posts: 15,980
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Africa Oil August presentation"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: Elder Joined: 2/26/2012 Posts: 15,980
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 Seems its going to be a gassy affair before it becomes oily Rink "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: 2/10/2010 Posts: 1,001 Location: River Road
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@murchr, that's interesting because when they started they said they would make no announcements till drilling was complete so everyone was expecting news in october/november, plus the halt in share trading
Australian company Pancontinental Oil & Gas said today an announcement is expected imminently on the large Mbawa deep-water exploration well in Kenya.
Pancontinental owns 15% of Block L8 in Kenya, and its joint venture partners are operator Apache (50%), Origin Energy (20%) and Tullow Oil (15%).
The Australian company today requested a halt in trading of its shares until 10 September pending the Mbawa announcement.
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Rank: Member Joined: 3/15/2009 Posts: 360
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Seems this week we will see some major news out of the mbawa drilling. The million dollar question is ÏS IT GOOD OR BAD NEWS?" http//www.theeastafrican.co.ke/news/Possible+oil+find+at+Mbawa+well/-/2558/1500268/-/6ox7rw/-/index.html http//www.upstreamonline.com/live/article1264728.ece Crossing my fingers. But why is it only Pan-continental that has suspended share trade, why not tullow or apache?  
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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shocks wrote:Seems this week we will see some major news out of the mbawa drilling. The million dollar question is ÏS IT GOOD OR BAD NEWS?" http//www.theeastafrican.co.ke/news/Possible+oil+find+at+Mbawa+well/-/2558/1500268/-/6ox7rw/-/index.html http//www.upstreamonline.com/live/article1264728.ece Crossing my fingers. But why is it only Pan-continental that has suspended share trade, why not tullow or apache? Share suspension is bullish.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 12/31/2006 Posts: 13
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Here is the news http://www.asx.com.au/as.../pdf/428lqmmwb3d93k.pdf
Looks good for the oil and gas prospects. This is good for those holding licenses.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Woo hoo..they have broken the news already what time is it in Ausi? "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: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Woo hoo..they have broken the news already what time is it in Ausi? Confirmed by aussie markets. Pancontinental shares raised by as much as 70% in todays session, a 19yr high!
http://bit.ly/QzN4ZW
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Oil, Gas. All Eyes On Kenya! GOD BLESS YOUR LIFE
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