2 minutes later its down only 4% kuna mtu alikuwa anataka kuinunua on the cheap akaiforce down

Tullow Oil will spend about $800 million (Sh68 billion) in its next phase of investments in Kenya, it has disclosed.
The London-based firm,
which discovered oil deposits in Kenya’s South Lokichar Basin in 2012, says it expects onshore operations to go
large-scale.
http://www.the-star.co.k...illion-next-phase-kenya

I will take your word for it, yeah I am still in, I only sold off one third.

Its no longer up by that much, it started tumbling on Tuesday when politicians started poking their noses. Its a big risk, but it would pay well if things go as planned. Right now the govt owns about 79% of it, and all dividends, so its making investors nervous coz the govt hasn't given any signs that they will return it to private ownership. Worst case is if the feds decide to keep it as a cash cow, then there will be a massive selloff, but judging by how the govt sold off its stake in AIG & GE, I don't see why they wouldn't do the same. Its tough coz report after report is that the stock will go to zero, so its really tough to swim against the current. This

“With these quasi agencies making so much money, it will be very difficult for the government to tell equity holders your claims are worth zero, a position previously assumed at the lows of the crisis,” said Andrew Brenner, head of international fixed income at National Alliance Capital Markets in New York.

and the fact that hedge fund managers are buying the stock, with one manager buying half a billion worth, I am holding it, though it raises my blood pressure several times.

China’s Sheng Li Engineering & Construction Company
(SLECC) has been awarded the contract to oversee the construction of a new multipurpose oil pipeline in Kenya.
The new pipeline is designed to meet petroleum products
demand from the Eastern African region to 2044.
The project involves the
construction of a parallel line from the coastal city of Mombasa to Nairobi at a cost of $400- million. Kenya Pipeline Company (KPC) is currently seeking a contractor for the 450 km pipeline.
http://www.engineeringne...oil-pipeline-2013-05-31

Kenya is seeking more
revenues from oil and gas explorers with proposed regulations that could see firms pay higher taxes and change the formula for
calculating proceeds to be earned by government.
http://www.theeastafrica...4/-/c78vvn/-/index.html

South Sudan has confirmed that Toyota Tsusho, the trading arm of the Japanese carmaker, will construct an oil pipeline from the
landlocked nation to the
Kenyan Port of Lamu.
http://www.energyglobal....a_oil_pipeline-350.aspx

Kenya’s demand for
payments to allow a transfer of Cove Energy Plc oil and gas assets isn’t justified as the company hasn’t benefited from exploration spending that’s yet to lead to a discovery, former Chairman Michael Blaha
said.
http://mobile.bloomberg....ha-says.html?cmpid=yhoo

Sudan's President Omar
al-Bashir has ordered the
stoppage of oil transfers
through its territory from
South Sudan from Sunday, state media report.
http://m.bbc.co.uk/news/world-africa-22829279
That pipeline can't come soon enough for South Sudan. Watafinywa kabisa in the mean time.

Tullow Oil wins court case over Uganda tax dispute
http://uk.mobile.reuters...95D0O620130614?irpc=932