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Estimated 71 Billion Barrels...
Rank: Member Joined: 11/16/2011 Posts: 196 Location: united states of africa
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Nabwire wrote:That was a typo, I meant is this like some form of aspirin.
Saasa, you do realize you didnt give a name for the $4.50 drug right? Anyways I'm underwater, so I cant participate. Now I do, then I didn't. Alexza Pharmaceuticals. Energy.
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Rank: Member Joined: 4/14/2011 Posts: 639
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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“There was a giant under- explored hole on the map,” Africa Oil Chief Executive Officer Keith Hill said in an interview in Nairobi. “Now the world has woken up to East Africa. I’ve never seen a basin of this magnitude.” http://mobile.bloomberg....-energy.html?cmpid=yhoo
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:“There was a giant under- explored hole on the map,” Africa Oil Chief Executive Officer Keith Hill said in an interview in Nairobi. “Now the world has woken up to East Africa. I’ve never seen a basin of this magnitude.” http://mobile.bloomberg....-energy.html?cmpid=yhoo
I like the way the news is always released like a hard drug dosage. Drop by drop until, boom, it's party time.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 5/8/2011 Posts: 45
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@hisah,I've been following ur threads on oil prospects am the progress.i
would be interested in investing in stocks that are prospecting for oil such as Africa oil.how do i go about it.thnkx
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ekahindi wrote:@hisah,I've been following ur threads on oil prospects am the progress.i
would be interested in investing in stocks that are prospecting for oil such as Africa oil.how do i go about it.thnkx If you are in KE I can't help.
Btw those in KE, how do you do it? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: New-farer Joined: 5/8/2011 Posts: 45
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Yes I am in Kenya but I have a pal who leaves I Canada who was also enquiring the same
.Wazuan's back here in Kenya,how do you go about it?Your help will be highly appreciated.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ekahindi wrote: Yes I am in Kenya but I have a pal who leaves I Canada who was also enquiring the same
.Wazuan's back here in Kenya,how do you go about it?Your help will be highly appreciated.
This is quite resourceful for all. Your pal in Canada should find it easier researching from the home country.
http://www.caseyresearch...ian_Stock_Investing.pdf
$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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Kenya slaps oil explorers with capital rules - http://www.theeastafrica.../-/y5ep64z/-/index.html
Quote:Kenya has revised upwards the minimum amount of money oil exploration firms have to spend on work programmes in onshore and offshore areas.
To qualify for award of exploration rights, firms applying for new acreage from this month will be required to commit to spending $28.2 million in the initial two years onshore and $31.2 million offshore in the first three years.
A new term sheet by the Ministry of Energy details the minimum work and exploration obligations, the mechanism for firms to recover money spent on exploration if commercial oil discoveries are made and profit sharing with the government.
Energy Permanent Secretary Patrick Nyoike said production-sharing contracts (PSCs) will be signed with firms that agree to pay $1 million as one-off commitment fee for an exploration area. The commitment fee has been raised from $300,000 and explorers must have a balance sheet of $100 million.
$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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Tullow tried to pay Museveni - lawyer http://www.monitor.co.ug.../-/vtisgpz/-/index.html
The political vested interests... $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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hisah wrote:Kenya slaps oil explorers with capital rules - http://www.theeastafrica.../-/y5ep64z/-/index.html
Quote:Kenya has revised upwards the minimum amount of money oil exploration firms have to spend on work programmes in onshore and offshore areas.
To qualify for award of exploration rights, firms applying for new acreage from this month will be required to commit to spending $28.2 million in the initial two years onshore and $31.2 million offshore in the first three years.
A new term sheet by the Ministry of Energy details the minimum work and exploration obligations, the mechanism for firms to recover money spent on exploration if commercial oil discoveries are made and profit sharing with the government.
Energy Permanent Secretary Patrick Nyoike said production-sharing contracts (PSCs) will be signed with firms that agree to pay $1 million as one-off commitment fee for an exploration area. The commitment fee has been raised from $300,000 and explorers must have a balance sheet of $100 million.
The new requirements could mark the end of micro cap wildcat explorers getting acreage... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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ekahindi, try Saxomarkets or Penn Trade GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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youcan'tstopusnow wrote:ekahindi, try Saxomarkets or Penn Trade
Asante 
Many have asked this questions. I hope they note it down. Perhaps you could also tell them about the tips to go about it as well as pitfalls to watch out for. $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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hisah wrote:youcan'tstopusnow wrote:ekahindi, try Saxomarkets or Penn Trade
Asante
Many have asked this questions. I hope they note it down. Perhaps you could also tell them about the tips to go about it as well as pitfalls to watch out for. Maybe just try to get the best rates when they send the money... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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William Hague dragged into Tullow Oil court row http://www.thisismoney.c...llow-Oil-court-row.html
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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After being in the doldrums over the past 2 weeks, AOI seems to have woken up today. Sabisa should be very close to target depth by now... GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Eastern Africa to become major player in energy geopolitics http://m.euractiv.com/de...67#.UVNWlgueRZC.twitter
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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According to various speakers, the development of the coal and gas reserves requires building infrastructure: roads, ports, rails, power grids, telecoms.That's the keyword - building infrastructure... Pet projects for big money while people are expecting UK and Co to be sanctioned... Too much money to be made will not permit those sanctions. Follow the money... See the sectors above and think in the lines of Mpesa bank, Kengen, Banks, Insurance, mining (GEMS) etc. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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