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Estimated 71 Billion Barrels...
youcan'tstopusnow
#961 Posted : Sunday, July 21, 2013 6:33:36 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
On the same note:

APACHE has committed to drill a wildcat on its Kipungu prospect in deep-water Block L-08 off Kenya next year, a follow-up well to last year’s Mbawa-1 non-commercial gas discovery. Mbawa was a Miocene target while Kipungu is a Lower Cretaceous prospect “with evidence that Jurassic sources still survive in the play”, said exploration manager Dan Foley. “Even by frontier standards, this is a huge structure at 420,000 acres, and if it is successful Apache will mobilise to drill the Kozi lead. Reserve potential could be 600 million barrels in our block alone,” said Foley.

Meanwhile, Anadarko Petroleum is drilling ahead on its Kiboko-1 probe in Block L-07 with results expected within weeks. “We’re hoping Kiboko’s geology will prove oil-prone,” said exploration manager Tom Fletcher.
GOD BLESS YOUR LIFE
youcan'tstopusnow
#962 Posted : Sunday, July 21, 2013 11:19:17 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
An International Monetary Fund (IMF) team is pushing the government to make public details of a number of deals it has signed with oil exploration and mining firms.
But officials on the IMF team have disclosed that the government has denied them access to the documents, a fact that can only leave Kenyans guessing how the country is faring in regard to the exploration and exploitation of minerals.
http://www.businessdaily.../-/14passh/-/index.html
GOD BLESS YOUR LIFE
murchr
#963 Posted : Monday, July 22, 2013 9:18:05 AM
Rank: Elder


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


"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
.
Metasploit
#964 Posted : Monday, July 22, 2013 2:14:01 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
@ycsun what is the relationship between Total E&P Kenya B.V (with a stake in Kiboko prospect) and Total listed on the NSE ?

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
youcan'tstopusnow
#965 Posted : Monday, July 22, 2013 4:15:17 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Metasploit wrote:
@ycsun what is the relationship between Total E&P Kenya B.V (with a stake in Kiboko prospect) and Total listed on the NSE ?

They have the same mother. I think that's as far the relationship goes.

Hebu jadiliana na hisah, who had his eyes on this some time back. He might have a different opinion to mine.

They have this in their 2012 Annual Report:

"In 2012, the country made discovery of crude oil in the northern area of Turkana. Kenya has the opportunity to become an exporter of petroleum products should the commercial viability of the oil deposits be confirmed and extraction process commences. As you may have read in some publications in the past year, the Total Group is currently present in the Lamu basin prospecting for oil and natural gas. Announcements will be released as works progress."

GOD BLESS YOUR LIFE
hisah
#966 Posted : Monday, July 22, 2013 4:43:15 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Metasploit wrote:
@ycsun what is the relationship between Total E&P Kenya B.V (with a stake in Kiboko prospect) and Total listed on the NSE ?

They have the same mother. I think that's as far the relationship goes.

Hebu jadiliana na hisah, who had his eyes on this some time back. He might have a different opinion to mine.

They have this in their 2012 Annual Report:

"In 2012, the country made discovery of crude oil in the northern area of Turkana. Kenya has the opportunity to become an exporter of petroleum products should the commercial viability of the oil deposits be confirmed and extraction process commences. As you may have read in some publications in the past year, the Total Group is currently present in the Lamu basin prospecting for oil and natural gas. Announcements will be released as works progress."


The wafaransa have hidden their deal cards. Hard to say what next
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#967 Posted : Monday, July 22, 2013 4:47:43 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
hisah wrote:
youcan'tstopusnow wrote:
Metasploit wrote:
@ycsun what is the relationship between Total E&P Kenya B.V (with a stake in Kiboko prospect) and Total listed on the NSE ?

They have the same mother. I think that's as far the relationship goes.

Hebu jadiliana na hisah, who had his eyes on this some time back. He might have a different opinion to mine.

They have this in their 2012 Annual Report:

"In 2012, the country made discovery of crude oil in the northern area of Turkana. Kenya has the opportunity to become an exporter of petroleum products should the commercial viability of the oil deposits be confirmed and extraction process commences. As you may have read in some publications in the past year, the Total Group is currently present in the Lamu basin prospecting for oil and natural gas. Announcements will be released as works progress."


The wafaransa have hidden their deal cards. Hard to say what next

Wawache mchezo. Hehe. But true, whilst reading the Annual Report you never know what they are talking about when they keep mentioning 'new opportunities'.

GOD BLESS YOUR LIFE
youcan'tstopusnow
#968 Posted : Monday, July 22, 2013 5:13:36 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
I once made an enquiry on the same to them, but I never got a reply. I will try again. Some more info that might be of interest to you:

RELATED PARTY TRANSACTIONS AND BALANCES

The parent of the company is Total Outre-Mer while the ultimate holding company is Total S.A, both incorporated in France.
There are other companies which are related to Total Kenya Limited through common shareholdings or common
directorships.

During the year, the company made purchases amounting to Kshs 35,834 million (2011 – Kshs 6,682 million) from the holding company and other companies related to it by virtue of common shareholding. The company also earned revenue of Kshs 5,150 million (2011 – Kshs 2,300 million) from related companies.
The company purchased plant and equipment amounting to Kshs 180 million (2011: Kshs 171 million) from the holding company and other companies related to it by virtue of common shareholding. The company also has technical assistance agreements with the holding company for which it paid technical fees for the year amounting to Kshs 291 million (2011- Kshs 310 million) as disclosed on Note 6.

smile
GOD BLESS YOUR LIFE
youcan'tstopusnow
#969 Posted : Monday, July 22, 2013 5:47:57 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
An interesting read:

Emerging oil and gas developments in East Africa
http://www.eia.gov/count...fs/East_Africa/eeae.pdf
GOD BLESS YOUR LIFE
youcan'tstopusnow
#970 Posted : Monday, July 22, 2013 6:21:21 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Jibu ndio hii Bwana Metasploit:

Dear Mr. ycsun,
Thank you for your enquiry regarding the relationship between Total Kenya Limited (which is listed at the NSE) and Total E&P Kenya BV, which is a relatively new company in the country, involved in exploration for oil. Total Kenya Limited, which is the publicly listed company does not have any stake in the exploration company. They are two independent companies operating locally. However, there is a relationship in the fact that both are subsidiaries of the Total Group. Total Group has several divisions; and if I were to confine myself to two of those for clarity, there is Exploration & Production and Marketing & Services. Total E&P Kenya BV is a subsidiary of Total Exploration and Production division (easily identified as Upstream) while Total Kenya Limited is a subsidiary of Marketing and Services division (easily identified as downstream). Both are ultimately subsidiaries of the Total Group. The Group is present in over 130 counties worldwide and is involved in the entire Energy sector.
I trust this explanation will help you understand the relationship.
Should you require any additional information, please do not hesitate to contact us.
Thank you and best regards.



Maurice O. K'ANJEJO
Corporate Affairs Manager
TOTAL KENYA LIMITED
Regal Plaza, Limuru Road
NAIROBI
Tel: +254 20 2897212
Cell: +254 733 677002
GOD BLESS YOUR LIFE
Metasploit
#971 Posted : Monday, July 22, 2013 7:53:56 PM
Rank: Veteran


Joined: 3/26/2012
Posts: 985
Location: Dar es salaam,Tanzania
youcan'tstopusnow wrote:
Jibu ndio hii Bwana Metasploit:

Dear Mr. ycsun,
Thank you for your enquiry regarding the relationship between Total Kenya Limited (which is listed at the NSE) and Total E&P Kenya BV, which is a relatively new company in the country, involved in exploration for oil. Total Kenya Limited, which is the publicly listed company does not have any stake in the exploration company. They are two independent companies operating locally. However, there is a relationship in the fact that both are subsidiaries of the Total Group. Total Group has several divisions; and if I were to confine myself to two of those for clarity, there is Exploration & Production and Marketing & Services. Total E&P Kenya BV is a subsidiary of Total Exploration and Production division (easily identified as Upstream) while Total Kenya Limited is a subsidiary of Marketing and Services division (easily identified as downstream). Both are ultimately subsidiaries of the Total Group. The Group is present in over 130 counties worldwide and is involved in the entire Energy sector.
I trust this explanation will help you understand the relationship.
Should you require any additional information, please do not hesitate to contact us.
Thank you and best regards.



Maurice O. K'ANJEJO
Corporate Affairs Manager
TOTAL KENYA LIMITED
Regal Plaza, Limuru Road
NAIROBI
Tel: +254 20 2897212
Cell: +254 733 677002


Thanks alot Man!and u good at mining infor

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.”
murchr
#972 Posted : Monday, July 22, 2013 8:14:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
youcan'tstopusnow wrote:
An interesting read:

Emerging oil and gas developments in East Africa
http://www.eia.gov/count...fs/East_Africa/eeae.pdf


Very interesting especially when its a .gov document.
"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
.
youcan'tstopusnow
#973 Posted : Thursday, July 25, 2013 9:13:13 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Africa Oil is pleased to announce the commencement of drilling operations on its Ekales prospect located in Block 13T in the Lokichar Basin in Kenya. The well was spud on July 22, 2013 and has a planned total depth of 2500 metres and is expected to approximately 2 months to drill and evaluate. The primary objectives are the Auwerwer and Lower Lokhone sandstones already established to be highly productive reservoirs at the nearby Ngamia and Twiga discoveries. The prospect is a three way fault closure against the main basin bounding fault and is located directly between, and approximately 15 km northwest of the Ngamia discovery and 7 km south of the Twiga discovery along the "string of pearls" trend. The well is being drilled by the Weatherford #804 rig. The Company holds a 50% working interest in this prospect along with operator Tullow Oil Plc.
Please see attached map, visit the following link: http://media3.marketwire.../130724AOIBasinsMap.pdf
Africa Oil CEO Keith Hill commented, "The Ekales prospect is probably one of the lowest risk prospects in our inventory. The proximity and similarity to the existing Ngamia and Twiga discoveries give us a high degree of confidence that we will find oil and continue to build the discovered resources necessary for commercial volume threshold. Our pace of exploration and appraisal continues to accelerate with the anticipated arrival of three additional rigs in Kenya and Ethiopia in the next 60 days for a total of six rigs, four of which will be operated by Tullow Oil."
The recently announced Etuko discovery, on the flank of the Lokichar basis has opened a new play fairway and provided further confirmation of the world class potential of the Lokichar Basin."
In the South Omo block in Ethiopia, mobilization of the OGEC 75 rig to the Tultule location is underway. This prospect is located 4 kilometres from the Sabisa-1 well which was recently abandoned after proving the existence of the essential hydrocarbon elements of source, seal and reservoir in this frontier basin. It is being drilled on a well-defined horst block feature which should provide good trapping characteristics. The Company holds a 30% working interest in this prospect along with operator Tullow Oil Plc (50%) and Marathon Oil (20%).
The Etuko well in Block 10BB, where an oil discovery was recently announced in shallower reservoirs, has now reached a total depth 3100 metres and log and MDT evaluation have commenced.
The rigs for the Ogaden Basin (Block 7&8) El Kuran-3 prospect in Ethiopia (Africa Oil non-operated working interest: 30%) and the Block 9 Bahasi prospect in Kenya (Africa Oil operated working interest: 50%) are in country and spud of El Kuran-3 is expected in August and Bahasi-1 in September.
One additional lightweight rig has been contracted for testing and drilling operations in the Lokichar Basin and should also be operational in September.
GOD BLESS YOUR LIFE
hisah
#974 Posted : Thursday, July 25, 2013 3:05:23 PM
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Joined: 8/4/2010
Posts: 8,977


Getting ready to move...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#975 Posted : Thursday, July 25, 2013 4:45:37 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
murchr wrote:




LAPSSET cannot come soon enough for these guys. In the meantime, watafinywa wafinyike...

GOD BLESS YOUR LIFE
murchr
#976 Posted : Thursday, July 25, 2013 7:42:36 PM
Rank: Elder


Joined: 2/26/2012
Posts: 15,980
youcan'tstopusnow wrote:
murchr wrote:




LAPSSET cannot come soon enough for these guys. In the meantime, watafinywa wafinyike...



I think the Mombasa route should be their first solution as we try to establish the commerciability of our wells.
"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
.
youcan'tstopusnow
#977 Posted : Monday, July 29, 2013 6:20:29 PM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Turkana pastoralists have rejected a proposal by Tullow Oil to move to a new exploration site at Twiga 2 oil site in Lokichar basin in Turkana South district . Turkana elders claimed that the ongoing oil exploration in the region has interfered with pasture land and that pasture for their animals will be decimated.

The elders who met Tullow Oil and Ministry of Energy officials at Lomokamar oil site in Lokichar basin on Sunday demanded more consultations before Tullow oil is given a nod to explore oil in more wells in the region. "As much as we need the oil, they should also respect our way of life. They should consider that our animals need pasture," said Paul Ekai, a Turkana elder.

Tullow and the ministry officials pleaded with the locals to allow the explorations to take place since more wells are needed to boost commercial viability of the oil in the region which is at the production stage.
Turkana South MP James Lomenen however said Tullow should slow the exploration until the disputed pasture land until matters are addressed. “We appeal to Tullow oil to continue exploration in the other sites that the community earlier gave consent. But we needed more consultations with the community in Twiga 2 oil site which Tullow oil want to put a rig," Lomenen said.

The MP said the local communities were complaining that the Oil explorations has caused more harm to the environment owing to the fact that pasture land is being interfered with in the on going oil exploration activities in the region.

But an official at Tullow, who declined to be named, defended the oil exploration activities in the oil sites saying no big chunk of land can be affected by the oil drilling activities since the drilling rig is the size of a plate deeply sunk into the ground.
http://www.standardmedia...ose-tullow-oil-proposal
GOD BLESS YOUR LIFE
youcan'tstopusnow
#978 Posted : Tuesday, July 30, 2013 11:28:23 AM
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Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kenya has created a security unit to protect oil exploration sites in its strife-prone north where companies including Vanoil Energy Ltd. (VEL) are searching for petroleum, a senior government official said.

The region, which borders Somalia and Ethiopia, has been hit by frequent grenade and gun attacks since the country sent its army into southern Somalia in Oct. 2011 in pursuit of al-Qaeda-linked rebels trying to impose Islamic law. Kenya has accused al-Shabaab of carrying out attacks on foreigners in its north including the kidnapping of aid workers and tourists.

“The formation of the special security unit is necessitated by many factors such as oil sites which are located in conflict-prone arid areas of northeast Kenya,” Garissa County Commissioner Rashid Khator said in an interview yesterday.

The security unit will guard “strategic facilities” such as oil exploration installations, and protect workers in the industry and their transportation networks, Khator said. The government is also working to settle any disputes between communities over division of possible oil reserves, which threatens to exacerbate decades-old ethnic tensions over other resources including land for cattle-grazing and water, he said.

http://www.bloomberg.com...e-north.html?cmpid=yhoo
GOD BLESS YOUR LIFE
sorovi
#979 Posted : Wednesday, July 31, 2013 12:29:39 PM
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Joined: 8/3/2007
Posts: 146
mafuta mingi

link
hisah
#980 Posted : Wednesday, July 31, 2013 12:30:55 PM
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Joined: 8/4/2010
Posts: 8,977
Tullow sees Kenya/Uganda piping 500,000 barrels a day - http://www.reuters.com/a...0G11XB20130731?irpc=932

The commercial trump card has been dealt.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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