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Estimated 71 Billion Barrels...
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murchr
#451 Posted : Tuesday, August 28, 2012 10:49:12 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Plans to drill Pai Pai and no success in Puntland. Maji kwa wingi tho
"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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murchr
#452 Posted : Thursday, September 06, 2012 7:11:44 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Africa Oil August presentation
"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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murchr
#453 Posted : Friday, September 07, 2012 10:00:36 PM
Rank: Elder

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


Seems its going to be a gassy affair before it becomes oily

Rink
"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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mkonomtupu
#454 Posted : Saturday, September 08, 2012 10:32:33 AM
Rank: Veteran

Joined: 2/10/2010
Posts: 1,001
Location: River Road
@murchr, that's interesting because when they started they said they would make no announcements till drilling was complete so everyone was expecting news in october/november, plus the halt in share trading

Australian company Pancontinental Oil & Gas said today an announcement is expected imminently on the large Mbawa deep-water exploration well in Kenya.
Pancontinental owns 15% of Block L8 in Kenya, and its joint venture partners are operator Apache (50%), Origin Energy (20%) and Tullow Oil (15%).

The Australian company today requested a halt in trading of its shares until 10 September pending the Mbawa announcement.
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shocks
#455 Posted : Sunday, September 09, 2012 7:10:21 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
Seems this week we will see some major news out of the mbawa drilling. The million dollar question is ÏS IT GOOD OR BAD NEWS?"

http//www.theeastafrican.co.ke/news/Possible+oil+find+at+Mbawa+well/-/2558/1500268/-/6ox7rw/-/index.html

http//www.upstreamonline.com/live/article1264728.ece

Crossing my fingers. But why is it only Pan-continental that has suspended share trade, why not tullow or apache?

Drool Pray
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hisah
#456 Posted : Sunday, September 09, 2012 10:53:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
shocks wrote:
Seems this week we will see some major news out of the mbawa drilling. The million dollar question is ÏS IT GOOD OR BAD NEWS?"

http//www.theeastafrican.co.ke/news/Possible+oil+find+at+Mbawa+well/-/2558/1500268/-/6ox7rw/-/index.html

http//www.upstreamonline.com/live/article1264728.ece

Crossing my fingers. But why is it only Pan-continental that has suspended share trade, why not tullow or apache?

Drool Pray

Share suspension is bullish.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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minto
#457 Posted : Monday, September 10, 2012 4:32:53 AM
Rank: Member

Joined: 12/31/2006
Posts: 13
Here is the news

http://www.asx.com.au/as.../pdf/428lqmmwb3d93k.pdf

Looks good for the oil and gas prospects. This is good for those holding licenses.
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murchr
#458 Posted : Monday, September 10, 2012 5:32:00 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
minto wrote:
Here is the news

http://www.asx.com.au/as.../pdf/428lqmmwb3d93k.pdf

Looks good for the oil and gas prospects. This is good for those holding licenses.


Woo hoo..they have broken the news already what time is it in Ausi?
"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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hisah
#459 Posted : Monday, September 10, 2012 6:47:44 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
minto wrote:
Here is the news

http://www.asx.com.au/as.../pdf/428lqmmwb3d93k.pdf

Looks good for the oil and gas prospects. This is good for those holding licenses.


Woo hoo..they have broken the news already what time is it in Ausi?

Confirmed by aussie markets. Pancontinental shares raised by as much as 70% in todays session, a 19yr high!

http://bit.ly/QzN4ZW

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#460 Posted : Monday, September 10, 2012 8:25:14 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Oil, Gas. All Eyes On Kenya!
GOD BLESS YOUR LIFE
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