Wazua
»
Investor
»
Economy
»
Estimated 71 Billion Barrels...
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
youcan'tstopusnow wrote:Norwegian Ambassador to Tanzania Ingunn Klepsvik has cautioned that oil and oil explorations in Tanzania could occasion conflicts as it has done in many countries across the world. Speaking soon after signing an agreement between three universities of Tanzania, Angola and Norway here yesterday, the envoy said oil discoveries in most countries had led to upheavals. http://www.ippmedia.com/...ntend/index.php?l=50531
I wonder who causes these chaos when it comes mining esp oil While at it can the envoy give us a solution we desperately need?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
EA hydrocarbon pipelines study financed by AfDB - http://www.theeastafrica...48/-/wqyxuw/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
The next move is close - http://oilprice.com/Geop...-Threaten-Oil-Lanes.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
Rank: Elder Joined: 2/23/2009 Posts: 1,626
|
[quote=hisah]The next move is close - http://oilprice.com/Geop...Threaten-Oil-Lanes.html[/quote] Geopolitics and resources never ends well.The past decade has seen them play a cat and mouse game in this region. So called war games? Uncertainty is certain.Let go
|
|
Rank: Elder Joined: 2/26/2012 Posts: 15,980
|
hisah wrote:youcan'tstopusnow wrote:Norwegian Ambassador to Tanzania Ingunn Klepsvik has cautioned that oil and oil explorations in Tanzania could occasion conflicts as it has done in many countries across the world. Speaking soon after signing an agreement between three universities of Tanzania, Angola and Norway here yesterday, the envoy said oil discoveries in most countries had led to upheavals. http://www.ippmedia.com/...ntend/index.php?l=50531
I wonder who causes these chaos when it comes mining esp oil While at it can the envoy give us a solution we desperately need?
He cautions that explorations will cause chaos, why hasnt that happened in his country? "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 .
|
|
Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
|
murchr wrote:hisah wrote:youcan'tstopusnow wrote:Norwegian Ambassador to Tanzania Ingunn Klepsvik has cautioned that oil and oil explorations in Tanzania could occasion conflicts as it has done in many countries across the world. Speaking soon after signing an agreement between three universities of Tanzania, Angola and Norway here yesterday, the envoy said oil discoveries in most countries had led to upheavals. http://www.ippmedia.com/...ntend/index.php?l=50531
I wonder who causes these chaos when it comes mining esp oil While at it can the envoy give us a solution we desperately need?
He cautions that explorations will cause chaos, why hasnt that happened in his country? Coz the Norwegians were smart. They set up a "National Oil Fund" and corruption is much lower than most (if not all) African oil producers. Norwegian politicians are not overpaid nor live like kings unlike their African counterparts. Transparency is also key. Compare Norway to Nigeria, Angola, Libya, etc... Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
The licensing committee has mapped out eight new blocks , according to Ministry of Energy commissioner for petroleum Martin Heya. The new blocks are to be auctioned “within weeks” and are expected to be snapped by other oil majors as demand for exploration blocks in East Africa, enhanced by discoveries of petroleum along the coastlines of Tanzania and Mozambique, increases. http://www.businessdaily.../-/bmlv16z/-/index.html
GOD BLESS YOUR LIFE
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
A Canadian firm, Simba Energy, is in talks with potential prospectors to acquire a stake in its oil block in northern Kenya. The company, which holds a 100 per cent working interest in Block 2A, said farm-out talks were progressing well after it opened its regional office in Wajir where the block is located. http://www.businessdaily.../-/ocu0tgz/-/index.html
This oughta attract Nabwire's attention Simba has recently been flirting with its 52-week low of CAD 0.07. Now at 0.11 GOD BLESS YOUR LIFE
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
Why French troops have moved into Mali. FRENCH President Francois Hollande said at different times: ‘France will not be the policeman of Africa……In no event will France intervene in Mali’. Months later, on January 11, 2013, he sent 2,500 troops and warplanes into the Mali crisis in Operation Serval. The president saw a need for immediate intervention because Mali was being overrun by jihadists from the north who were moving towards the capital Bamako. UN members have backed the French intervention. A French poll on January 16 showed that 75 per cent of those surveyed supported the president’s initiative. French politicians, too, backed the decision in the first few days. But criticism soon emerged from the opposition. Former Prime Minister Dominique de Villepin, who spoke out against the war in Iraq at the UN in 2003, criticised the ‘haste’ of ‘warmongers’. He said such wars create a spiral of violence, and more so as none of the conditions for success had been met in the case of Mali which has no single war objective, no credible support in Mali as a failed state with a failed army, and no genuine regional support. Energy.
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
jonna wrote:Why French troops have moved into Mali.
FRENCH President Francois Hollande said at different times: ‘France will not be the policeman of Africa……In no event will France intervene in Mali’.
Months later, on January 11, 2013, he sent 2,500 troops and warplanes into the Mali crisis in Operation Serval.
The president saw a need for immediate intervention because Mali was being overrun by jihadists from the north who were moving towards the capital Bamako.
UN members have backed the French intervention.
A French poll on January 16 showed that 75 per cent of those surveyed supported the president’s initiative. French politicians, too, backed the decision in the first few days.
But criticism soon emerged from the opposition.
Former Prime Minister Dominique de Villepin, who spoke out against the war in Iraq at the UN in 2003, criticised the ‘haste’ of ‘warmongers’. He said such wars create a spiral of violence, and more so as none of the conditions for success had been met in the case of Mali which has no single war objective, no credible support in Mali as a failed state with a failed army, and no genuine regional support. The french did try to create a Tuareg state in the 50s. Tuareg is currently a hotbed for oil & gas. Exploration by Tullow (UK), Total (France), Qatar, Algeria. Someone wants a Tuareg state for obvious reasons.
After Gadaffi, the heatwave is now in Mali & Algeria. This coffee is overcooked... http://www.cablegatesear...able.php?id=06BAMAKO520
http://beforeitsnews.com...-the-world-2541584.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
Rank: Veteran Joined: 7/22/2011 Posts: 1,325
|
youcan'tstopusnow wrote:A Canadian firm, Simba Energy, is in talks with potential prospectors to acquire a stake in its oil block in northern Kenya. The company, which holds a 100 per cent working interest in Block 2A, said farm-out talks were progressing well after it opened its regional office in Wajir where the block is located. http://www.businessdaily.../-/ocu0tgz/-/index.html
This oughta attract Nabwire's attention Simba has recently been flirting with its 52-week low of CAD 0.07. Now at 0.11 Interesting, thanks for the updates
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
hisah wrote:jonna wrote:Why French troops have moved into Mali.
FRENCH President Francois Hollande said at different times: ‘France will not be the policeman of Africa……In no event will France intervene in Mali’.
Months later, on January 11, 2013, he sent 2,500 troops and warplanes into the Mali crisis in Operation Serval.
The president saw a need for immediate intervention because Mali was being overrun by jihadists from the north who were moving towards the capital Bamako.
UN members have backed the French intervention.
A French poll on January 16 showed that 75 per cent of those surveyed supported the president’s initiative. French politicians, too, backed the decision in the first few days.
But criticism soon emerged from the opposition.
Former Prime Minister Dominique de Villepin, who spoke out against the war in Iraq at the UN in 2003, criticised the ‘haste’ of ‘warmongers’. He said such wars create a spiral of violence, and more so as none of the conditions for success had been met in the case of Mali which has no single war objective, no credible support in Mali as a failed state with a failed army, and no genuine regional support. The french did try to create a Tuareg state in the 50s. Tuareg is currently a hotbed for oil & gas. Exploration by Tullow (UK), Total (France), Qatar, Algeria. Someone wants a Tuareg state for obvious reasons.
After Gadaffi, the heatwave is now in Mali & Algeria. This coffee is overcooked... http://www.cablegatesear...able.php?id=06BAMAKO520
http://beforeitsnews.com...-the-world-2541584.html
Am waiting it out patiently. Meanwhile, I was having a conversation with a guy who interprates for me the oil maps and he was of the idea that Zimbabwe is a hotbed for gold, oil and gas ( especially gas ). Same goes for Namibia. Energy.
|
|
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
|
Heading the right way finally Sehemu ndio nyumba
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Griffiths Energy successfully completed drilling the Badila-2 development well to a depth of 2,075 meters. Badila-2 was cased as a producer prior to moving the drilling rig to Badila-3. Operations are underway to flow test Badila-2, which will occur in the coming weeks. Extensive coring and wireline logging suggest 195 meters of net oil pay at Badila-2, in line with the Company's expectations and more than eight times the oil pay perforated and accessed for testing on the Badila-1 discovery well. At Badila-2 the net oil pay includes 101 meters in the Lower Cretaceous C zone across 5 sands, 92 meters in the Lower Cretaceous D zone across 8 sands and 2.5 meters in the Lower Cretaceous E sands. http://www.newswire.ca/e...-and-exploration-update
GOD BLESS YOUR LIFE
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
Federal prosecutors have initiated proceedings to recover more than $20- million of Griffiths Energy International Inc. shares granted to two relatives and a friend of Chad diplomats in 2009, when the company was seeking to obtain rights to some of the country’s rich oil and gas properties. http://m.theglobeandmail...7984889/?service=mobile
Murky waters. Or should I say oil... GOD BLESS YOUR LIFE
|
|
Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
|
New rules seek to boost revenues from oil ventures The profit from oil production would be shared between the government and the company in the ratio of 78:22, respectively, after deduction of expenses where production is above 100,000 barrels per year. http://www.businessdaily...4/-/6f1dyq/-/index.html
GOD BLESS YOUR LIFE
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
youcan'tstopusnow wrote:Federal prosecutors have initiated proceedings to recover more than $20- million of Griffiths Energy International Inc. shares granted to two relatives and a friend of Chad diplomats in 2009, when the company was seeking to obtain rights to some of the country’s rich oil and gas properties. http://m.theglobeandmail...7984889/?service=mobile
Murky waters. Or should I say oil... Don't hate the player, hate the game. Energy.
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
youcan'tstopusnow wrote:New rules seek to boost revenues from oil ventures The profit from oil production would be shared between the government and the company in the ratio of 78:22, respectively, after deduction of expenses where production is above 100,000 barrels per year. http://www.businessdaily...4/-/6f1dyq/-/index.html
I just wish they would increase the bidding of these blocks or any mining licenses like 5 times the minimum amount they are asking for for I don't think they know what they have and its impact later on. Energy.
|
|
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
|
jonna wrote:[quote=youcan'tstopusnow]New rules seek to boost revenues from oil ventures The profit from oil production would be shared between the government and the company in the ratio of 78:22, respectively, after deduction of expenses where production is above 100,000 barrels per year. http://www.businessdaily...4/-/6f1dyq/-/index.html
I just wish they would increase the bidding of these blocks or any mining licenses like 5 times the minimum amount they are asking for for I don't think they know what they have and its impact later on. And arm yourself to the fullest mbaka amo inamwagika kwa border ya Tanzania, Uganda, Somalia, Sudan etc kama uji moto. Energy.
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
African Oil Explorer Swala Energy Sets Sights on IPO - http://blogs.wsj.com/dea...rgy-sets-sights-on-ipo/
Quote:Swala Energy Ltd. is seeking to raise up to 13 million Australian dollars (US$13.6 million) in an initial public offering to fund a drilling campaign in Tanzania and Kenya. Foster Stockbroking and Argonaut Securities are joint lead managers for the offer, and the company hopes to list on the ASX in late March. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
Wazua
»
Investor
»
Economy
»
Estimated 71 Billion Barrels...
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|