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Estimated 71 Billion Barrels...
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jonna
#371 Posted : Thursday, July 19, 2012 5:43:00 AM
Rank: Member

Joined: 11/16/2011
Posts: 196
Location: united states of africa

hisah wrote:
jonna wrote:
hisah wrote:
@Jonna - NENE may survive since their model is unique plus congress protection on its monopoly.

This site also mentions its competitors.

www.smartplanet.com/blog...ts-invisible-wires/14102


Aha.

So, its not the only one in the game but at the same time, it has congress protection. That pretty much says it all for me.

Thank you Hisah.


India's panel price crash could spark solar revolution - http://www.newscientist....k-solar-revolution.html

There is a reason why solar panel price has been crashing since Feb 2011. That money is going somewhere and far away from solar panel makers... Can you follow the money?

http://finance.yahoo.com...133921777--finance.html

http://www.msnbc.msn.com...ressuring-panel-makers/


http://www.solarenergy.n...s-2b-in-solar-farm.aspx

http://www.solarenergy.n...-be-solar-says-iea.aspx - By 2060, One-Third of the World Could be Solar Says IEA


Absolute black - http://abcnews.go.com/bl...rb-almost-all-sunlight/

http://www.natcoresolar.com/

http://www.natcoresolar....amp;id=51&Itemid=56



Just bought some this monday. Wacha tutengeneze pesa.

Again, thank you Hisah.
Energy.
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Mukiri
#372 Posted : Thursday, July 19, 2012 9:32:15 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
What is being bought?
Where is it being bought?
And at how much?

And most importantly, what do I stand to gain? And when?

Proverbs 19:21
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murchr
#373 Posted : Sunday, July 22, 2012 6:39:19 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nabwire this first one will be of interest to you

1. More oil at Somali well

2 East Africa: Next oil and gas region?
"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
.
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Nabwire
#374 Posted : Monday, July 23, 2012 5:45:15 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
Thanks as always. Nimeona tu ati Rovuma basin could contain as much as 100 trillion cubic feet of gas,that sounds like alot! Are you invested in Mozambique plays? hopefully the finds spill over to Simba, Camac n Africa oil.
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Nabwire
#375 Posted : Monday, July 23, 2012 5:51:22 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
So previously they thought its at 490 feet but now its at 11,000 feet, ofcourse sielewi what exactly this means but from my math thats 22 times what they previously expected?!! Wow just tell me Africa oil is somehow involved/ affiliated, are we about to get paid or are we about to get paid??? Lets hope so!!
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youcan'tstopusnow
#376 Posted : Monday, July 23, 2012 8:28:31 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
US petroleum company,
Marathon Oil, is set to join
the Kenyan exploration
industry after it signed a deal
to acquire stakes in two
blocks.
The Houston-based company said it had agreed to acquire a 50 per cent stake in block 9
in north-eastern Kenya
presently held by Canada’s Africa Oil and subject to approval by the government.
Marathon Oil also plans to acquire a 15 per cent stake on block 12A in the Rift Valley presently controlled by Africa Oil and its British partner, Tullow Oil.
“Africa Oil will maintain
operatorship in block 9 but Marathon Oil has the right to assume operatorship if a
commercial discovery is
made,” Africa Oil said in a statement.
Marathon Oil will pay Africa Oil an entry payment of $35 million which include prior
expenditures and fund the Canadian firm’s working interests for the next three years at a maximum budget
of $43.5million.
http://www.businessdaily...4/-/9eiwgr/-/index.html
GOD BLESS YOUR LIFE
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Nabwire
#377 Posted : Monday, July 23, 2012 9:50:02 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
youcan'tstopusnow wrote:
“Africa Oil will maintain
operatorship in block 9 but Marathon Oil has the right to assume operatorship if a
commercial discovery is
made,” Africa Oil said in a statement.

Ycsun, isnt this like shooting oneself in the foot? Im assuming that commercial discovery will be made, why would they give up operatorship? Or does giving up operatorship mean that Marathon extracts the oil but Africa oil still shares in the proceeds? Can these oil people talk in lingo that we can clearly understand coz at first I thought Marathon was getting a better deal but if operatorship just means you do the dirty work and we share in the spoils, thats great!! Lower overhead costs for Africa oil!!

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murchr
#378 Posted : Monday, July 23, 2012 10:01:10 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Nabwire wrote:
youcan'tstopusnow wrote:
“Africa Oil will maintain
operatorship in block 9 but Marathon Oil has the right to assume operatorship if a
commercial discovery is
made,” Africa Oil said in a statement.

Ycsun, isnt this like shooting oneself in the foot? Im assuming that commercial discovery will be made, why would they give up operatorship? Or does giving up operatorship mean that Marathon extracts the oil but Africa oil still shares in the proceeds? Can these oil people talk in lingo that we can clearly understand coz at first I thought Marathon was getting a better deal but if operatorship just means you do the dirty work and we share in the spoils, thats great!! Lower overhead costs for Africa oil!!



Nabwire ata mimi hio maneno sijaelewa...so i sought to find out more

Quote:
Marathon Oil Corp. (MRO) will expand into East Africa with the acquisition of interests in two Kenyan exploration projects.

Marathon will pay $35 million to Africa Oil Corp. (AOI) for 50 percent in Kenya’s Block 9 and 15 percent in Block 12A, Africa Oil said today in a statement. It will also contribute as much as $43.5 million to Africa Oil’s exploration expenditure over the next three years.

The companies have also “agreed to jointly pursue exploration activities on an additional exploration area in Ethiopia,” Africa Oil said. At the same time, Tullow Oil Plc (TLW) has increased its stake in Block 12A to 65 percent from the earlier 50 percent share, Africa Oil said, which now holds 20 percent in the venture.


Source
"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
.
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Nabwire
#379 Posted : Monday, July 23, 2012 10:46:34 PM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
According to the BD article, Marathon paid Africa oil $35 million for entry permit, Im just hoping BD is correct and your source is wrong. Coz if they paid $35 million to acquire their portion of the block, The Yanks will have screwed over the Canadians yet again!!! Hiyo ni pesa kidogo compared to the potential!! Na sasa hawa Africa oil, Tullow increased their stake in Block 12A na yao iko reduced!!!
Definition of operatorship: In the oil and gas industries, the right to operate a well, field or other oil source....hahaha hawa watu hawako serious, thats the only definition I'm getting. Lets just pray inamaanisha wanachafua mkono na tunasplit profits pamoja
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Liv
#380 Posted : Monday, July 23, 2012 10:46:37 PM
Rank: Veteran

Joined: 11/14/2006
Posts: 1,311
youcan'tstopusnow wrote:
US petroleum company,
Marathon Oil, is set to join
the Kenyan exploration
industry after it signed a deal
to acquire stakes in two
blocks.
The Houston-based company said it had agreed to acquire a 50 per cent stake in block 9
in north-eastern Kenya
presently held by Canada’s Africa Oil and subject to approval by the government.
Marathon Oil also plans to acquire a 15 per cent stake on block 12A in the Rift Valley presently controlled by Africa Oil and its British partner, Tullow Oil.
“Africa Oil will maintain
operatorship in block 9 but Marathon Oil has the right to assume operatorship if a
commercial discovery is
made,” Africa Oil said in a statement.
Marathon Oil will pay Africa Oil an entry payment of $35 million which include prior
expenditures and fund the Canadian firm’s working interests for the next three years at a maximum budget
of $43.5million.
http://www.businessdaily...4/-/9eiwgr/-/index.html



Does Kenya Government (KRA) get any taxes from the sales of these blocks? I think there should be some capital gains tax on these oil blocks sales. Uganda changed its law to have it when the blocks started changing hands. I heard Tanzania government is even charging VAT on sale of the oil / gas blocks....who can do something about thisin Kenya?
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