In my view, the Kenya government should earn at least $10B in revenue per annum from oil for it to make any meaningful rapid impact. That would probably mean discovering at least 10 billion barrels of oil. Of course how much is extracted per day and how much the government earns depends on several other factors.

Saw the IMF estimate Tanzania government would earn about $2B-$3B per annum from its massive gas finds and quite frankly, I was hugely underwhelmed. And I think 99.99% of Tanzanians dont yet understand this so their astronomical expectations are going to be massively deflated in the near future. $2B wont do much for a country as large and poor as Kenya. You need big revenue Angola or Nigeria style. Tens of billions of dollars per annum.

Would also hope for Kenyan companies to be full or part owners of most if not all oil fields. For instance, state-owned NOCK should be a part owner (even if its minority stake a.l.a Safaricom, KQ and KCB) of all extraction projects. This is the thing the Turkana community under the guidance of their county government should push for. A kind of community trust that is part owner of all oil fields within the county. Even if its just 10%-15%.

Ultimately, we need as much of that revenue remaining in Kenya as possible. Algeria, Angola and Saudi Arabia would not be where they are if they had not nationalised their oil fields (dont advocate such drastic move tho'). That profit would be sitting in Big Oil bank accounts in the West, paid as dividends to Westerners and developing their countries. Despite the massive corruption and cronyism, I like what Angola is doing through Sonangol as opposed to handing over everything no-questions-asked 100% to foreign corporations.

Assuming we retain 50% of the proceeds, then for us to attain an annual revenue of Usd 10B, we need to produce approx 600-700 Bpd.

is this independent of the Vanoil's find ?>>>http://www.standardmedia.co.ke/thecounties/article/2000134579/american-firm-strikes-oil-deposits-in-garissa.....

This says just CAMAC started seismic shooting. Not oil discovery.

I just saw an article in the business daily talking about setting up an electricity gas plant in Wajir where some 1.8 trillion cubic feet of Natural gas was discovered.

I have to admit I missed this announcement of commercial gas finds in Wajir.

More oil http://www.tullowoil.com...geid=137&newsid=914
fast approaching one Birrion barrels

Kweli tupu

and tullow oil loses 4% while africa oil is down 14%. Did they expect better news?

Standard gauge railway has never really moved in terms of construction, what about this oil pipeline. Oil money, vision 2025, when oil prices have gone down by half

With oil price in a sharp nosedive some nice discounts are now available on some canadian hydrocarbon stocks for a contrarian play. Once the shakeout is complete I expect the ensuing rally from these discounts to surpass 200% gains!