I am still waiting for it to fall below 10/-. I have sold some of my other shares waiting for KK...

If you understand the oil industry or have spoken to an insider you will understand that KK have us all by the balls. To start with, they have next month's stock sitting on the sea and incurring demmurage, what we forget is that some silly triton wannabe and the guesses are few here, are sitting on ullage expecting to sort out financing of their stock as prices also increase. Now expect an artificial shortage by the second week of August and at that point KK will be quickly given ullage and after refining the price of our ngata will be a few more shillings higher to reflect the demurrage!Unaitwa ujinga wa mwafrika!

KRPL is behaving like a nabbed conman who tries to throw tantrums to create confusion etc. What they forget is that most people can see through their act. What KK is seeking to do is open a big can of worms about the refinery efficiency which if they win becomes a precedent for all other clients to go to court and seek remedy.

That refinery is a moribund heap of equipment. Ask yourself before Chevron and BP sold their share GoK had been really begging the two other shareholders to fund an upgrade for up to 36B, they even got stanchart involved as lead arrangers, but offcourse these two shareholders are seasoned hands in the business and obviously told gava to stroll, no need throwing good money at the heap! Essar comes along and volunteers to buy the two off and using some crooked gava links convinces gava to raise refining fees of which KK won't accept and that's why KK decided to go to war. At the end of this sponsored media wars they will get something substantial off KRPL and KPC and hopefully hand it to their shareholders. Bw. Segman we are behind you, someone has to stand up to this nonsense.

Only in wazua can the walls be brought down to let us see beyond what meets the eye.@Kausha,asante.

Press briefing

http://www.kenolkobil.co...030759173387d7bfb4ae90f4

I got in touch with my broker but the price has risen above 10/-. I want to buy below 10/- [including commissions]

My buy order was 9.80 + 2% commission = 10/- but now it is 10.10 BEFORE commissions!

Sigh, there goes my buying opportunity! I didn't get any at 10/- or below...

It appears the NSE guys are very idle or have got very little to do! They can not take up the role of disseminating Kenol press releases every other day.

===========disclaimer=========
I do not own KK shares and this opinion is my own

I hope KPRL is run by idiots. If I was in their position I would not want to take on the government on a matter like this, we all know that it would be a lose lose situation especially if the reserves run out. So for me this matter is closed (but as you rightly put it, you never know).

Sasa nani huyu ameenda kuingilia hii mambo kabla sijaongeza... Bure kabisa...